CUNA Mutual Group recently released its June Credit Union Trends Report, compiled with data from April 2019. The report found that credit union loan balances rose 0.6 percent in April, less than the 0.9 percent pace reported in April 2018, and 1.4 percent during the last 12 months.
The NCUA board of directors held its sixth open meeting of 2019 yesterday and approved a proposed rule on the agency’s Risk-Based Capital requirements. The proposed rule approved calls for a delay in the effective date for its RBC rules, pushing the date back to Jan. 1, 2022 rules that were to go into effect on Jan. 1, 2020. It is just the latest delay in a rule that was originally proposed in 2014 and finalized in 2015.
Attention: The New York Credit Union Association has issued an urgent call to action on the state municipal deposits legislation. The Association is encouraging all credit union advocates to contact their lawmakers and express their support for this critical legislation. Visit The New York Minute website to learn more. Continue reading “The NY Minute: June 20, 2019”
New York Credit Union Association Compliance Director Linda Bow unveiled a new “Let’s Talk for a Minute” video, which are brief compliance-related videos produced for the New York Minute.