Straight to The Point: February 16

Good morning. The New York Credit Union Association and our Affiliate organizations will be closed Monday, Feb. 19, in observance of Presidents Day. No votes are expected in the House or Senate today. Here’s what’s happening on this Friday morning:

The NCUA board of directors approved a $736 million Share Insurance Fund distribution in the third quarter of 2018 – NCUA

Last month, the Association hosted a conference call on the Equifax data breach lawsuit for member credit unions. A recording of the call is now available on the Association’s Advocacy Resources page – NYCUA (member login required)

Registration is open for the 2018 State Governmental Affairs Conference, scheduled for April 23-24 in Albany – NYCUA

The National Credit Union Share Insurance Fund shows a significant increase in reserves to reflect “probable and estimable” losses by specific credit unions – CUToday

Average credit scores on U.S. car loans rose to a six-year high in the fourth quarter of 2017 – Bloomberg

In the wake of breaches that have compromised the data of millions of Americans, industry observers and participants told a House subcommittee that data security should be standardized at a national level – PYMNTS

The CFPB is requesting feedback from institutions that the bureau has supervisory authority over – CU Times

Efforts to form a consensus on a housing finance reform bill once again are stuck in neutral – CU Journal