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CAMEL 3, 4 and 5 dropped 40.5% since 2010 high

CUNA News Now Headlines 2/21/2014 - Provided as a courtesy and valuable service of the Credit Union National Association

NCUA reports improving CU financials, proposes voluntary closing rule

The recent trend of positive financial results for the credit union system continued this week, with the National Credit Union Administration reporting continued declines in the number of CAMEL code 3, 4 and 5 credit unions. More

'Listening sessions' on CU capital changes announced by NCUA

The recent risk-based capital proposal and other credit union issues will be open for discussion when the National Credit Union Administration holds three listening sessions this summer. CUNA President/CEO Bill Cheney on Thursday encouraged NCUA to consider all risk-based capital comments made at the sessions as part of the official administrative record. More

CU risk-based capital comments will get boost from CUNA tool

Is your credit union, like many others, concerned by the National Credit Union Administration's risk-based capital proposal? CUNA has developed a new tool, the Risk Based Capital Action Center, which will allow CUNA members to directly write NCUA in a quick and efficient way and submit their comments electronically with the click of a mouse. More

CUNA attends White House patent reform meeting

The White House gathered stakeholders together Thursday to discuss patent law reforms--including addressing the plague of "patent trolls"--and CUNA attended. More

CUNA Mutual records 7.8% income growth in 2013

CUNA Mutual Group Thursday reported a net income increase of 7.8% for 2013. Net income rose to $162 million, compared with $150 million in 2012. More

Filene colloquium: Payments need to be all things to all members

Credit unions need to be active in the changing market for payments systems despite uncertainty over its future, a Filene Research Institute report concluded. The report found that members want to increase mobile banking options, even if they are rapidly changing. More

Jones to retire from Okla. CU Assn.; Webb to succeed

Gary Jones will retire as president of the Oklahoma Credit Union Association, effective March 31, the Cornerstone Credit Union League announced Thursday. More

Wall Street Journal carries CUNA compliance concerns in cannabis piece

Working with now-legal marijuana dispensaries could be a big compliance headache for credit unions and other financial institutions, and, in some cases, just too difficult to do, CUNA Federal Compliance Counsel Colleen Kelly said in a Wall Street Journal piece. More

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