WASHINGTON — CUNA President/CEO Bill Cheney also tells GAC he has never been more optimistic for the credit union industry.
Chairman Debbie Matz will host three Listening Sessions this summer, in San Francisco, Chicago and Washington, before the proposed rule is finalized.
State Employees’ Credit Union's Blaine said CUNA and leagues overlooking serious industry issues.
A joint release from the credit union and bank trades says $200M only covers the costs of card replacement.
CUNA and Carolinas League out $340,000 in membership dues with loss of nation's second largest credit union.
CUNA's largest affiliated credit union, the $27 billion State Employees' Credit Union of North Carolina, will not renew its membership in 2014.
In particular, both CUNA and NAFCU praised Obama's support of patent reform.
The NCUA's proposed new capital standards for credit unions over $50M raises capital requirements and requires risk-weighting 10 asset classes.
The $1.1 trillion negotiated budget deal worked out earlier this month by lawmakers in the House and Senate includes money for two programs used by credit unions.
Credit unions tell trade association breach cost an average of $5.10 per affected card.