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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

NCUA Calls for Input on Data Collection, Comments Due August 1

Jun
16
NCUA Calls for Input on Data Collection, Comments Due August 1

The National Credit Union Administration (NCUA) is conducting a comprehensive review of two vehicles used to collect information for regulatory oversight of federally insured credit unions (FICUs)—the 5300 Call Report (C

Posted By Nora Revie read more

Share “Ease the Burden” Message as HCUA Hike the Hill Kicks Off

Jun
14
Share “Ease the Burden” Message as HCUA Hike the Hill Kicks Off

The impact of regulatory burden is significant on credit unions in Kansas and Missouri. Credit union leaders from both states are bringing this message to Washington, D.C. for the Heartland Credit Union Association’s (HCUA) first official Hike the Hill on June 14-16.

Posted By Nora Revie read more

Missouri Governor Signs Savings Promotion Act, Bills to Take Effect in KS & MO

Jun
13
Missouri Governor Signs Savings Promotion Act, Bills to Take Effect in KS & MO

Missouri Governor Jay Nixon (D) signed HB 2125, which includes the Missouri Savings Promotion Act, on June 13. The bill will become law in Missouri on August 28. The bill was approved by both the Missouri Senate and Missouri House of Representatives in May.

Posted By Amy McLard read more

Credit Unions Attend CFPB Hearing on Small-Dollar Lending

Jun
07
Credit Unions Attend CFPB Hearing on Small-Dollar Lending

Kansas and Missouri credit union representatives attended the Consumer Financial Protection Bureau’s (CFPB) field hearing on its payday lending/small-dollar lending proposal on June 2. There was a capacity crowd for the event in the Kansas City Music Hall. Attendees from six credit unions and the Heartland Credit Union Association (HCUA) were scheduled to take part.

Posted By Nora Revie read more

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