Skip to main content

NCUA Has Change of Heart on Volunteer Reporting Requirement

The NCUA told Credit Union Times on Thursday that it has scrapped a proposal that would require credit unions to report the original appointment or election date of directors, a move that could have created bad publicity for those with long-tenured board members. READ MORE >NCUA Has Change of Heart on Volunteer Reporting Requirement: CU Times

Comments

Post a Comment

Please no profanity or political comments.

Popular posts from this blog

Now Available - "Financial Literacy" From NCOFCU

https://www.ncofcu.org/financial-literacy The National Council of Firefighter Credit Unions (NCOFCU) is dedicated to enhancing financial literacy among our members, members, particularly targeting the Millennial and Gen Z demographics. We are excited to share our engaging financial education video series, designed to address their key concerns regarding earning, saving, and spending money wisely. Here are several critical financial lessons that can significantly impact your personal finance management and long-term financial health. Discover how staying informed and educated about financial products and market trends can empower you to make smarter financial decisions. https://www.youtube.com/playlist?list=PLT3lzRTXnHw4LjHuOIk31eTDxaQ7J7B0f   _________________________________________ Check out some of NCOFCU's additional features: First Responder Credit Union Academy Financial Literacy Podcasts YouTube Mini's Blog Job Board
Post a Comment
Read Complete Article HERE>»

Sheehans Consulting LLC - "We only have one goal in mind!"

We have one goal in mind: “What is best for you? We achieve strategic initiatives, develop products, optimize profitability and productivity through best practices, and make our firm a strong asset for professional services.  With over 30 years of experience in public administration, credit union, and association management, I have developed a solid track record in leadership and development.  Please visit us at https://www.sheehansconsultingllc.com/ to learn more about what we can do for you.   _________________________________________ Check out some of NCOFCU's additional features: First Responder Credit Union Academy Financial Literacy Podcasts YouTube Mini's Blog Job Board
Post a Comment
Read Complete Article HERE>»

Sunday Reading - Individual Retirement Accounts

  Individual Retirement Accounts     Inside IRAs Individual retirement accounts, or IRAs, are tax-advantaged   investment accounts that help individuals save for retirement. The money you put into an IRA is used to invest in stocks, bonds, and other assets. Anyone who earns an income—regardless of whether they are a full-timer, a part-timer, or a contractor—can open and invest in an IRA. IRAs are often good solutions for people who don’t have the option to invest in a 401(k) ( 1440 Topics )—or for those who want to put even more money aside for retirement.   Depending on the type of IRA someone gets, they will have access to either a tax-deferred or...
Post a Comment
Read Complete Article HERE>»

Best Places to Retire

  List: Best Places to Retire Midland, Michigan , was ranked the best place to retire , according to a ranking of 850 cities by U.S. News . The top locations had the best mix of affordability, quality of life, health care access, and other benefits. The top five were rounded out by Weirton, West Virginia , Homosassa Springs, Florida , The Woodlands, Texas , and Spring, Texas . Midland scored top marks on walkability , culture , retail establishments , and restaurants . The town is just a short drive from beaches at the edge of Lake Huron . The top 25 included nine cities in Florida and six in Texas. See the full list here . _________________________________________ Check out some of NCOFCU's additional features: First Responder Credit Union Academy Financial Literacy Podcasts YouTube Mini's Blog Job Board
Post a Comment
Read Complete Article HERE>»

Trump Administration Reverses Course, Restores CDFI Fund Staff In Major Win for Credit Unions

WASHINGTON—In a sharp reversal of the Trump Administration’s earlier move, the mass reduction-in-force (RIF) notices issued to all employees of the CDFI Fund last month have been rescinded, according to internal emails reviewed by Punchbowl News. The notices had threatened terminations in December as part of a broader effort by the Office of Management and Budget (OMB) under Director Russ Vought to pressure congressional Democrats to drop their objections in the budget-funding fight. For the credit-union movement, the signal is loud and clear: critical community-development infrastructure may yet be preserved, sources stated. “Reinstating the entire CDFI Fund staff is an essential and welcome step toward restoring a program that has proven itself indispensable to underserved and military communities,” said DCUC Chief Advocacy Officer Jaso Stverak. “The CDFI Fund isn’t just another federal initiative—it is a lifeline for servicemembers, veterans, and low-income families who rely on miss...
Post a Comment
Read Complete Article HERE>»

Trump Administration Declares CFPB Funding Illegal, Bureau’s Cash To Run Out By Early 2026

WASHINGTON—Credit-unions face a potential regulatory vacuum as the Trump Administration formally has determined the CFPB’s current self-funding mechanism unlawful—a move that could put the agency on a path to closure in early 2026 unless Congress steps in. For credit-union leaders, who rely on the Bureau’s oversight of consumer-finance markets and enforcement of unfair practices, the decision signals a major disruption to the regulatory environment CUs navigate daily. In a court filing released late Monday, the Administration declared that the CFPB is now legally barred from seeking additional funds from the Federal Reserve System—the agency’s usual funding source under the Dodd‑Frank Wall Street Reform and Consumer Protection Act, POLITICO reported. That means the Bureau’s remaining resources will likely carry it only through the end of the year, after which it “anticipates exhausting its currently available funds in early 2026.” CUToday.info has tracked this story, noting in  Oct...
Post a Comment
Read Complete Article HERE>»

Zero - Cost - Zero - Risk

  https://synergycu.org/ _______________________________________________ Check out some of NCOFCU's additional features: First Responder Credit Union Academy Podcasts YouTube Mini's Blog Job Board
Post a Comment
Read Complete Article HERE>»

TruStage Economic Projections for 2026 - Steve Rick

MADISON, Wis.– Noting it’s “that time a year to make economic projections for 2026,”   TruStage’s   economists are offering their preview for what they believe lies ahead. “We expect real GDP to expand 1.5% in 2026, below the 1.8% pace for 2025, and lower than the 2% long run trend growth rate,” wrote the company’s chief economist, Steve Rick, in TruStage’s newest Trends Report. “Growth will be slightly weaker than normal due to tariff policy uncertainty, restrictive monetary policy and slower labor force growth.” The report states that inflation is expected to be 3% in 2026, only falling slightly from the 3.1% pace this year. “We expect inflation to run above the Federal Reserve’s 2% target as firms pass through any additional tariff costs and the slow growth in labor force will keep upward pressure on wage growth,” the report observes. “This stubbornly high inflation will ensure monetary policy stays restrictive for most of 2026.” The Trends Report notes that the unemploymen...
Post a Comment
Read Complete Article HERE>»

NCUA Reports Continued Credit Union Loan Growth in First Quarter of 2016

"ALEXANDRIA, Va. (June 3, 2016) – Credit unions continued to increase their lending, with loans outstanding increasing 10.7 percent in the year ending in the first quarter of 2016, the National Credit Union Administration reported today.  “The credit union system again experienced solid performance during the first quarter of 2016,” NCUA Board Chairman Rick Metsger said. “Overall, new and used auto lending was especially strong, and the system gained one million members. With an influx of deposits, federally insured shares at credit unions also neared the $1 trillion mark coming in at $991.7 billion.  “As credit union lending has increased, long-term investments have declined and reduced the system’s interest rate risk. However, delinquency and charge-off rates are slightly higher than a year ago, and member-business loan delinquencies are rising even more. Credit unions making such loans should take note and ensure that they perform proper due diligence to mitigate the r...
Post a Comment
Read Complete Article HERE>»

Federal Open Market Committee has opted to not raise rates

WASHINGTON–As expected, the Federal Open Market Committee has concluded it's meeting today and opted to not raise rates, leaving the target range for the federal funds rate at 2.25%  to 2.50%. Jerome Powell In a statement released at the conclusion of its meeting here, the FOMC said data show that since March, the labor market has remained strong and that economic activity rose at a solid rate. Job gains have been solid, on average, in recent months, and the unemployment rate has remained low, the Fed said. While acknowledging the growth of household spending and business fixed investment slowed in the first quarter, the Fed noted that on a 12-month basis, overall inflation and inflation for items other than food and energy have declined and are running below 2%. “On balance, market-based measures of inflation compensation has remained low in recent months, and survey-based measures of longer-term inflation expectations are little changed,” the...
Post a Comment
Read Complete Article HERE>»