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Kansas Governor Appoints Augustine to Credit Union Council

Jul
22
Kansas Governor Appoints Augustine to Credit Union Council

Governor Sam Brownback (R-Kansas) has appointed Mike Augustine to the Kansas Credit Union Council (KCUC). Augustine is the president of Frontier Credit Union (Leavenworth, KS). 

Augustine will represent the 3rd Kansas Congressional District on KCUC. The seat was previously held by Lloyd Nugent of Midwest Regional Credit Union (Kansas City, KS).

Posted By Nora Revie read more

Kansas and Missouri U.S. Senators Sign CFPB Exemption Authority Letter

Jul
19
Kansas and Missouri U.S. Senators Sign CFPB Exemption Authority Letter

All four U.S. Senators from Missouri and Kansas signed a letter to the Consumer Financial Protection Bureau (CFPB), urging the agency to use its exemption authority when implementing regulations. U.S. Senators Roy Blunt (R-Missouri), Claire McCaskill (D-Missouri), Jerry Moran (R-Kansas) and Pat Roberts (R-Kansas) joined 66 other senators in signing the letter.

Posted By Susan Dyer read more

Comment Letters due August 10 for CFPB Proposed Annual Privacy Notification Requirement

Jul
18
Comment Letters due August 10 for CFPB Proposed Annual Privacy Notification Requirement

The annual privacy notice requirement was lifted by Congress in December 2015, when the issue was included in the Fixing America’s Surface Transportation (FAST) Act. Missouri U.S. Congressman Blaine Luetkemeyer (R-District 3) sponsored the privacy notice legislation, and credit unions strongly supported the effort. The bill took effect upon signing, which means annual privacy notices are no longer required UNLESS there is a change in policy. This will save financial institutions unnecessary compliance costs.

Posted By Susan Dyer read more

CFPB Exemption Authority Letter Circulates in U.S. Senate

Jul
11
CFPB Exemption Authority Letter Circulates in U.S. Senate

A letter urging the Consumer Financial Protection Bureau (CFPB) to utilize its exemption authority for credit unions and other smaller financial institutions is circulating in the U.S. Senate. U.S. Senator Jerry Moran (R-Kansas), U.S. Senator Roy Blunt (R-Missouri) and U.S. Senator Claire McCaskill (D-Missouri) have already signed on to the letter.

Posted By David Kent read more

HCUA Encourages Input on Incentive-Based Compensation Rule

Jul
10
HCUA Encourages Input on Incentive-Based Compensation Rule

The Heartland Credit Union Association (HCUA) encourages member credit unions to submit comment letters to the National Credit Union Administration (NCUA) regarding a joint proposal to regulate incentive-based compensation at financial institutions.

Posted By Nora Revie read more

MO Governor Signs Three Bills With Impact to Credit Unions

Jul
04
MO Governor Signs Three Bills With Impact to Credit Unions

Three bills with impact to credit unions are now signed into law by Missouri Governor Jay Nixon (D). The bills - SB 833, SB 932 and SB 947 - cover several legislative topics and will take effect on August 28. The Heartland Credit Union Association (HCUA) championed SB 833 and SB 932, and supported SB 947.

A brief overview of the legislation is below.

Posted By David Kent read more

Credit Unions Needed for Savings Promotion Program Working Groups

Jul
01
Credit Unions Needed for Savings Promotion Program Working Groups

Is your credit union interested in participating in prized-linked savings (PLS) accounts? Thanks to recent legislation passed this session in both Kansas and Missouri allowing Savings Promotion Programs - also widely known as prize-linked savings (PLS) accounts  -  this is now an option available to credit unions in both states.

Posted By Nora Revie read more

U.S. Rep. Luetkemeyer Addresses Regulatory Burden Impact on Credit Unions

Jun
25
U.S. Rep. Luetkemeyer Addresses Regulatory Burden Impact on Credit Unions

Credit unions are negatively impacted by regulatory burdens stemming from the Dodd-Frank Act, and the effects are growing.  As more and more resources are directed to comply with growing regulatory requirements, there are less funds available to assist credit union members - a direct impact on consumers.  

Posted By Amy McLard read more

Hike the Hill Brings Opportunity for Kansas and Missouri Credit Unions

Jun
21
Hike the Hill Brings Opportunity for Kansas and Missouri Credit Unions

Federal lawmakers from Kansas and Missouri heard from credit union advocates on key issues during Hike the Hill, June 14-16. Topics included data security, regulatory relief, credit union specific legislation including member business lending, and the credit union difference – including the need to maintain credit unions’ tax status.

Posted By Nora Revie read more

Hike the Hill Attendees Hear Details on NCUA CAMEL Rating Changes & Meet Board Member

Jun
17
Hike the Hill Attendees Hear Details on NCUA CAMEL Rating Changes & Meet Board Member

Kansas and Missouri credit union leaders were on hand as the National Credit Union Administration (NCUA) Board discussed potential changes with significant potential impact to Heartland Credit Union Association (HCUA) member credit unions during its June 16 meeting. Immediately following the meeting, HCUA Hike the Hill attendees met with NCUA Board Member Mark McWatters, providing an opportunity to discuss the issues raised during the meeting and other concerns.

Posted By Amy McLard read more

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