Tag Archives: credit unions

NCUA Issues Alternate Capital Proposal for CUs

The National Credit Union Administration today published an advanced notice of proposed rulemaking to expand the types of investment capital that federally insured credit unions could use to meet certain regulatory requirements.

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Legal Briefs: The Great Credit Union Capers

By Dawn Causey, Thomas Pinder and Andrew Doersam There they go again! 
In the famous words of former President Reagan, the National Credit Union Administration is once again reprising its cheerleading role for the credit union industry and ignoring the tenets of the Federal Credit Union Act that justify the credit union tax exemption. And, once again, ABA has filed ...

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CU Member Business Lending Bill Introduced

Reps. Ed Royce (R-Calif.), Jared Huffman (D-Calif.), Don Young (R-Alaska) and Peter DeFazio (D-Ore.) yesterday introduced an ABA-opposed bill (H.R. 389) that would exclude non-owner occupied, 1-4-family dwellings from the calculation of the cap on credit union member business loans.

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ABA Opposes New Overreaching CU Membership Proposal

In a comment letter to the National Credit Union Administration today, ABA expressed strong opposition to an additional proposal by the credit union regulator to amend its chartering and field of membership requirements for federal credit unions seeking community charters.

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