News & Insight

Johnson, Crapo urge more time for FHLB member criteria

Friday, September 19, 2014

Senate Banking Committee Chairman Tim Johnson, D-S.D., and Ranking Member Mike Crapo, R-Idaho, wrote Federal House Finance Agency Director Mel Watt requesting a 60-day extension of the comment period regarding proposed changes to Federal Home Loan Bank membership criteria.

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NCUA Board OK's technical rule changes, charter conversion

Friday, September 19, 2014

The NCUA Board yesterday approved a set of technical rule changes as well as the community charter conversion request of First Service Federal Credit Union of Groveport, Ohio.

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TFCU Article: Why You Hire Employees Who Are Weaker Than You

Friday, September 19, 2014

At first glance, you think this is utter nonsense. You tell yourself that you are always looking for the best people. But you are sometimes afraid of anyone knowing more than you. You like being the only expert. Ironically, it’s not enough just to be the boss.

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TFCU Article: Does Your Behavior Exhibit Your Brand?

Friday, September 19, 2014

What does your credit union stand for? Better yet, do your colleagues and employees know? We're not talking about buzzwords or the motivational signs that you've hung around the office. When a member walks into your credit union, what is his or her first impression?

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Issues & Regulations

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NCUA to reexamine the risk weights in its proposed risk-based capital rule

Capital Reform

NAFCU attended all of NCUA's three listening sessions in Los Angeles on June 26, 2014, Chicago on July 10, 2014 and Alexandria, Va. on July 17, 2014. During each session NCUA Board Chairman Debbie Matz said the agency would reexamine the risk weights in its proposed risk-based capital rule. Matz also said a second comment period for the proposal is unlikely and that the implementation period for any rule would be longer than 18 months.

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Merchants must be held accountable when fraud occurs on their end

Data Security

The time and resources it takes to notify members, reissue cards, and make members whole in instances of fraud is overwhelming. Federal standards must exist for merchants on the safekeeping of financial and personal information, as well as data breach notification.

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