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The Advocate Blog

Risk-Based Capital Rule Comments Due 90 Days From Today; Special Education Session at League Annual Meeting to Cover NCUA Proposal

The risk-based capital rule proposed by the National Credit Union Administration at its February open board meeting -- and hotly discussed by credit unions since – has been published in the Federal Register, signaling thestart of the 90-day comment period. The Credit Union National Association urged... More

Tax Committee Staff Clarifies: No Intention to Impose Additional Tax on CUs -Including UBIT

The specific credit union tax status is left untouched in a tax reform plan released Wednesday by House Ways and Means Committee Chairman Dave Camp (R-Mich.), and staff of the tax writing committee have clarified that the proposal has "no intention of imposing any additional taxes on credit unions."... More

CUNA Launches Action Center on Risk-Based Capital Proposal; CUs Can Voice Concerns to NCUA

The National Credit Union Administration is seeking comments on a proposal regarding risk based capital (RBC) requirements under its prompt corrective action rules. This is easily the most important proposal that NCUA has released in years. The Credit Union National Association's analysis shows that,... More

Royce to Intro New MBL-Related Legislation This Week

Legislation that would exempt certain housing loans from the member business lending cap will be introduced this week, Rep. Ed Royce (R-Calif.) told 2014 Credit Union National Association Governmental Affairs Conference attendees this morning. The bill, known as the Credit Union Residential Loan Parity... More

Camp Says Tax Discussion Draft Will be Out Next Week

House Ways and Means Committee Chairman Dave Camp (R-Mich.), in a memo to Republican committee members, said he plans to release draft reforms to the U.S. tax code the week of Feb. 24 ( Bloomberg BNA, Politico Feb. 19). The Credit Union National Association will have 4,300 credit union advocates hitting... More

No TCCUSF Assessment This Year, Nor Likely Going Forward

Credit Union National Association President/CEO Bill Cheney called it "welcome news for credit unions" when the National Credit Union Administration confirmed Wednesday that there would be no Temporary Corporate Credit Union Stabilization Fund (TCCUSF) assessment charged in 2014.

"As CUNA... More

NoVA Chapter Wraps Up CU Day Events with Successful Richmond Visits

About 20 members of the NoVA Chapter held the last of this year’s CU Days at the General Assembly on Tuesday. A successful round  of conversations with legislators included formal appointments with freshmen and then meet and greet at a reception held in a conference room of the General Assembly... More

Hampton Roads, Tidewater Chapters Have Successful Day at General Assembly

Credit union champions from Hampton Roads and Tidewater met with their lawmakers on Tuesday in the General Assembly, kicking off the CU Days.

 The League has no bills this session and no major opposition to other legislation, though we are monitoring bills to comment on some of the details. With... More

League, CUs Attend 'Town Hall' with Sen. Mark Warner; Discuss GSE Reform

The Virginia Bankers Association hosted Sen. Mark Warner Friday for a town hall meeting where interested groups discussed GSE reform. League Senior Vice President David Miles and several credit union representatives attended.

The Virginia Bankers Association hosted Sen. Mark Warner Friday for a town... More

CULAC Sets Fundraising Record in 2013

WASHINGTON (1/13/14)--CULAC, the Credit Union National Association's federal political action committee had a record-setting fundraising year in 2013, which followed a banner-flying 2012. 2013's fundraising total of $2.14 million represents CULAC's best non-election year ever.
We're also pleased to... More

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