NASCUS and state regulators remain steadfastly supportive of supplemental capital for credit unions.
In the regulatory equivalent of telling Santa what you want for Christmas, the credit union trade associations have all written the NCUA recommending changes on everything from insurance rules to lending rules.
CUNA and NAFCU have each sent letters asking the NCUA to change the way it deals with credit unions in key policy areas.
Proposed new regulations on mergers and mutual bank conversions encroach on state autonomy,
Reaching inside the credit union movement following the tenure of a prominent outsider, CUNA last week named California-Nevada Credit Union League President Bill Cheney as its new leader.
NASCUS Chairman Tom Candon has named Board Member Mary Hughes to fill the two-year board term vacated when former NASCUS Chairman George Reynolds retired.
Lawmakers were trying at press time to iron out a bipartisan agreement on legislation to overhaul the way financial services are regulated.
The secondary capital debate draws deep-seated philosophical arguments from both sides as you've seen in letters to the editor and opinion pieces in this publication and elsewhere,
Allowing credit unions to raise supplemental capital that is counted toward net worth requirements is an "appropriate policy consideration,"
Today NASCUS said that the "encroachment of federal preemption only weakens the states' strong front-line defense against deceptive and unlawful financial services practices."