Association largely supportive of field of membership proposal, recommends improvements

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William J. Mellin

The New York Credit Union Association weighed in this week with a letter to the NCUA largely supporting changes to the agency’s proposed field of membership rule, but offering specific recommendations for improving the proposal.

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NDAA advanced without CU-opposed language

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A provision in the National Defense Authorization Act strongly opposed by the New York Credit Union Association was not included in the conference report, which is the final version of the bill after the House and Senate negotiated on the language of the legislation. The omission represents a significant victory for the credit union movement.

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Eligible CUs can apply for CUNA Mutual Group’s GAC scholarship

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Eligible credit unions can now apply for the Small Credit Union CUNA GAC Scholarship Contest, sponsored by CUNA Mutual Group. Through the program, two credit unions will win full scholarships to cover registration, airfare and lodging accommodations at the 2020 CUNA Governmental Affairs Conference.

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Association, state leagues pen joint-letter on CECL concerns

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The New York Credit Union Association — along with the California and Nevada Credit Union Leagues, the Heartland Credit Union Association and the Carolinas Credit Union League — penned a joint-letter to congressional leaders outlining concerns with the Current Expected Credit Losses accounting standard.

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