Galdieri Named as New Hampshire Commissioner of Banks

January 12, 2022

New Hampshire Governor Chris Sununu has nominated Emelia A.S. Galdieri to the position of Commissioner of Banks, succeeding former Commissioner of Banks Jerry Little. Yesterday, the Executive Council granted its consent to the nomination unanimously and confirmed her appointment for a six (6) year term.

McLean Urges CFPB to Exempt CUs from Proposed Small Business Lending Data Collection

January 07, 2022

Citing the significant compliance burdens already on credit unions, especially small credit unions, and the impact the data collection rule will have credit unions’ compliance resources, Credit Union Association President/CEO Ron McLean urged the Consumer Financial Protection Bureau (“Bureau”) to exempt credit unions from the proposed rule relative to small business lending data collection.

Association Survey on CFPB Small Business Lending Data Collection Proposal

December 07, 2021

CCUA’s online survey 08-21 relative to Small Business Lending Data Collection under the Equal Access to Credit Opportunity Act (Regulation B) will collect your input on the pending proposal. Please complete the survey before December 31, 2021.

McLean Meets with MA Congressman Neal

December 06, 2021

CCUA  President/CEO Ron McLean had the opportunity to speak with House Ways and Means Committee Chair Congressman Richard E. Neal over the weekend during an event in Boston.   

Reminder: Crash the GAC Applications Due December 3

November 23, 2021

The CCUA is joining forces with the Cooperative Trust, CUNA, and other state leagues/associations to get 50 Crashers to CUNA GAC. Crashers receive free conference registration from CUNA and a $500 scholarship from the Association to support travel, lodging, and food costs, which are the responsibility of the Crasher and their credit union.

Elder Abuse Training Presented in Partnership with RI AG Office

November 22, 2021

Rhode Island’s Mickaela Driscoll, Elder Abuse Investigator, and Molly Kapstein Cote, Special Assistant Attorney General, recently examined the law, and associated fraud schemes and scams, with Cooperative Credit Union Association-affiliated credit union professionals. The duo shared alarming statistics, acknowledging that these crimes are drastically under-reported, since victims are often afraid and reluctant to come forward.

DE Advocacy Committee Meeting Features CBC Members and Congresswoman Lisa Blunt Rochester

November 04, 2021

Yesterday’s Delaware Advocacy Committee was a double-header, as members joined in a nationwide virtual meeting with members of the Congressional Black Caucus, followed by a robust and dynamic meeting with their Congressional Representative, Congresswoman Lisa Blunt Rochester.   

Massachusetts Holds Public Hearings on Credit Union Legislation

October 27, 2021

The Joint Committee on Financial Services (“Committee”) of the Massachusetts General Court held its first public hearing on banking matters yesterday, the subject of which was a number of credit union-specific bills, including all of the Cooperative Credit Union Association’s legislative priorities for the 2021-2022 session. Association President/CEO Ron McLean testified in support of several measures.

Summary of October NCUA Board Meeting

October 21, 2021

The National Credit Union Administration Board approved two items during its nineth open meeting of 2021:

•         A final rule that adds the sensitivity to market risk or “S” component to the existing CAMEL rating system and redefines the liquidity risk or “L” component; and

•         A final rule that expands the list of permissible activities and services credit union service organizations or CUSOs are allowed to engage in.

In addition, the NCUA Board received a semiannual briefing on cybersecurity risks confronting credit unions and the financial services sector.

Credit Union Elder Financial Abuse Virtual Training Program

October 20, 2021

In collaboration with the Rhode Island Attorney General’s Office, the Association is pleased to invite member credit unions to register for its upcoming credit union virtual Elder Financial Abuse training session on Monday, November 15 from 1:00 pm to 3:00 pm.

St. Jean’s CU’s Surface Meets with Mass. Senate Minority Leader

October 18, 2021

St. Jean’s Credit Union President/CEO C. David Surface recently joined Massachusetts Senate Minority Leader Bruce Tarr in the First Essex and Middlesex District to discuss a variety of business and credit union issues.

McLean Urges NCUA to Level Playing Field for CUs

October 18, 2021

In responding to request for comments on the National Credit Union Administration’s proposed rule on the Complex Credit Union Leverage Ratio (“CCULR”), Cooperative Credit Union Association President/CEO Ron McLean urged the NCUA to set the CCULR leverage requirement at 9% permanently so that credit unions will have a level playing field with community banks adopting the Federal Deposit Insurance Corporation’s Community Bank Leverage Ratio.

Rhode Island AG’s Office Holds Elder Financial Abuse Training

October 07, 2021

The Rhode Island Attorney General’s Office recently held a substantive training program on elder financial abuse for financial institutions, which was well attended by Association member credit unions.

CCUA 6th Annual Golf Tournament Huge Success

October 01, 2021

More than 125 golfers and volunteers gathered last Thursday for the sixth annual golf tournament for the Cooperative Credit Union Association, held at The Haven Country Club in Boylston, MA.  

McLean Hosts Senate and House Chairs of the Massachusetts Joint Committee on Financial Services

September 30, 2021

During the roundtable discussion, the Chairs reviewed the climate at the State House and noted that Committee public hearings are expected to remain virtual at least through year-end. They expressed their appreciation for the credit union education by members and the Association last session, which they viewed as instrumental to assist them in passing the credit union modernization law, and a sound strategy for the current session.

McLean Sends Letter to MA Congressional Delegation on Remote Notary Amendment

September 22, 2021

In continued advocacy efforts in support of flexible online notarization options, Cooperative Credit Union Association President/CEO Ron McLean sent a letter to members of the Massachusetts Congressional delegation relative to an amendment currently being considered as part of deliberations by the House of Representatives on the National Defense Authorization Act.

CCUA Survey on Capital Adequacy

September 21, 2021

In the Association’s continuing effort to represent the interests of member credit unions before the National Credit Union Administration (“NCUA”), your input on a pending proposal is requested using its online survey 07-21 relative to capital adequacy for complex credit unions and risk based capital (“RBC”).

2022 CCUA GAC Room Block - Reservations First Come, First Served

September 21, 2021

Preparations for the 2022 CUNA Governmental Affairs Conference are underway by the Cooperative Credit Union Association, Inc. As a convenient service exclusively for credit union members of the Association at no cost, the Association has negotiated a room block for our CUNA GAC attendees. By participating in the Association's room block and making any changes directly through the Association, penalties and cancellation costs may be limited and opportunities for clearing waiting lists after the room deadline are increased.

McLean Provides Testimony During Illinois CRA Public Meeting

September 20, 2021

Cooperative Credit Union Association President/CEO Ron McLean provided both oral and written testimony yesterday before the Illinois Department of Financial and Professional Regulation (“IDFPR”) relative to the newly enacted Illinois Community Reinvestment Act (“CRA”). In preparation for the public meeting, the following three Association members, as longtime practitioners of CRA, also met with Illinois League staff to brief them on the challenges of CRA compliance and to provide practical insights for change: Align Credit Union, Boston Firefighters Credit Union, and Jeanne D’Arc Credit Union.

McLean Provides Written Key Testimony to MA Joint Committee on the Judiciary

September 15, 2021

Cooperative Credit Union Association President/CEO Ron McLean represented state and federally-chartered credit unions yesterday providing written testimony on key issues for members pending before the Massachusetts Joint Committee on the Judiciary (“Committee”).

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