Board member says the opinion provided only “modest support” for a two-tier risk-based net worth system.
NAFCU calls amount “astronomical,” CUNA mum on what it spent on a separate legal opinion on risk-based capital.
Rule would expand the definition of small creditor and increase loan origination limits.
CUNA, NAFCU call for ease on annual distribution of privacy notices to consumers unless privacy policies have changed.
The once financially-troubled credit union in Yuma, Ariz., sees growth in loans and net worth ratio.
Slight decline offset by gains stemming from an improved local economy for the Las Vegas-based cooperative.
Three years after conservatorship, the $1.4B cooperative posts $21.7M year-end net income for 2014.
Dennis Fisher of the $7M First Security CU says CUNA, leagues and regulators may have regrets in taxation fight.
Session comes as modifications are set to go into effect Aug. 1.
Peggy Sherry’s career experience includes senior positions at the IRS and the Department of Homeland Security.