Association offices will be closed on Monday, May 27th. Normal business hours will resume on Tuesday, May 28th, including publication of the Daily CU Scan. x
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House Passes SECURE Act; Makes it Easier for Small Businesses to Offer Retirement Plans

The House has passed the Setting Every Community Up for Retirement Enhancement (SECURE) Act (H.R. 1994) with a 417-3 vote. The bill, introduced by Massachusetts Representative Richard Neal, would make it easier for small businesses to band together to offer 401(k) plans and eliminate the maximum contribution age on traditional individual retirement accounts, which is currently 70.5.

NCUSIF, CURE, Nonmember/Public Shares Focus of NCUA May Board Meeting

The National Credit Union Administration Board met on May 23rd and issued a proposal for comments on federal credit union nonmember and public unit shares. The Board also received a quarterly briefing on the National Credit Union Share Insurance Fund (“NCUSIF”) and on the efforts of the agency’s Office of Credit Union Resources and Expansion (CURE) to facilitate credit union growth.

Credit Unions and Disabled American Veterans Team Up to Combat Elder Financial Abuse

Hanscom President/CEO David Sprague, Disabled American Veterans Jr. Vice Commander Debora Olson and CCUA’s Walt Laskos were the guests yesterday of Kyle Toto and John MacGillivray, hosts of the weekly WRKO radio program, Sound Off. Their interview, recorded at WRKO’s Medford Studios, will air this Saturday at 5 pm at AM-680 on the radio dial. "Sound Off" is a weekly talk radio show produced by, for, and about veterans.

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Association Offices Closed on Monday, May 27th in Observance of Memorial Day
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Association offices will be closed on Monday, May 27th, as we honor the servicemen and women who sacrificed their lives defending the nation, and…

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