Credit unions in Kansas and Missouri have an opportunity to comment on the National Credit Union Administration's (NCUA) field-of-membership (FOM) proposal. Comments are due by December 9. The proposed rule makes several changes recommended by credit unions.
The NCUA's proposal impacts field-of-membership for federally chartered credit unions, and would:
The National Credit Union Administration (NCUA) is actively requesting credit unions to share thoughts and any reporting challenges regarding the NCUA Call Report and Profile. The NCUA adjusted the deadline from August 1 to August 15 to gain more feedback.
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.
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.
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.
An October 20 meeting with National Credit Union Administration (NCUA) Chairman Deborah Matz kicked off the Missouri-Kansas Hike the Hill. Credit union leaders from Missouri and Kansas discussed topics ranging from the Overhead Transfer Rate (OTR), the proposed member business lending rule, a potential field of membership (FOM) proposal, and account verification requirements.
If you are planning to participate in the Missouri-Kansas Hike the Hill - this Friday, September 25, is the deadline to register for the hotel room block. The advocacy event takes place on October 20-22, in Washington, D.C.
Registration is now open for the Missouri-Kansas Hike the Hill. The Missouri Credit Union Association (MCUA) and the Kansas Credit Union Association are holding the joint event in Washington, D.C. on October 20-22.
The National Credit Union Administration (NCUA) has introduced a Member Business Lending (MBL) Proposal that would make significant changes regarding credit union business loans to members. The MBL proposal comment period is now open and ends on August 31.
