Association offices will be closed on Monday, January 18, 2021 in honor of Dr. Martin Luther King. Normal business hours will resume on Tuesday, January 19, 2021, including publication of the Daily CU Scan. x

Advocacy

NCUA Board Meeting Summary

January 14, 2021

The National Credit Union Administration held a Board meeting on a number of proposed and final rules as well as received briefings on the ACCESS (Advancing Communities through Credit, Education, Stability & Support) Initiative and Consolidated Appropriations Act.


McLean Hosts “A Dialogue with NCUA Chairman Rodney Hood”

January 13, 2021

Cooperative Credit Union Association President/CEO Ron McLean hosted a virtual meeting yesterday with NCUA Chairman Rodney Hood, along with credit union leaders from throughout the region.


The 151st Delaware General Assembly Begins its 2021 Session

January 11, 2021

Although Legislative Hall remains closed to the public until further notice, Delaware legislators will start the new session virtually January 12th.


Massachusetts End of 2019-2020 Legislative Session Highlights

January 07, 2021

In an eventful final night of the 2019-2020 legislative session, a number of actions were taken on items important to both Massachusetts state and federally-chartered credit unions. Leadership and members of both the House and Senate deliberated through the night and well into the early morning to pass the Association’s priority legislation, the credit union modernization bill, and legislation on the Massachusetts Credit Union Share Insurance Corporation, as well as multiple gubernatorial overrides to the state’s budget, economic development legislation, and more.


McLean Submits Comment Letter to NCUA on Supervisory Guidance

January 04, 2021

Cooperative Credit Union Association President/CEO Ron McLean has submitted a timely comment letter to the National Credit Union Administration Board (“NCUA”) on its proposed rule relative to the role of supervisory guidance.


McLean Submits Comments to NCUA on Proposed Derivatives Rule

December 28, 2020

Cooperative Credit Union Association President/CEO Ron McLean has submitted a timely comment letter to the National Credit Union Administration Board (“NCUA”) on its proposed rule regarding derivatives.


Deadlines Extended on Two Important CCUA Advocacy Surveys

December 22, 2020

The deadlines to provide your input regarding the role of supervisory guidance and derivatives have been extended. 


Sarah Canepa Bang Appointed Senior Advisor to Vice Chairman Hauptman

December 22, 2020

National Credit Union Administration Vice Chairman Kyle S. Hauptman announced the appointment of Sarah Canepa Bang as his Senior Advisor.


CDC Recommends Financial Services Workers Be in Third Phase of Vaccinations

December 21, 2020

A panel of the Centers for Disease Control and Prevention voted over the weekend to include financial services workers in Phase 1c of COVID-19 vaccinations.


CDC Recommends Bank Workers Be in Third Phase of Vaccinations

December 21, 2020

A panel of the Centers for Disease Control and Prevention today voted to include financial services workers in Phase 1c of COVID-19 vaccinations. Under the recommendations of the CDC’s Advisory Committee on Immunization Practices, banking employees would be prioritized for vaccine doses alongside workers in sectors considered essential but with a substantially lower risk of exposure to COVID-19.


Summary of Second NCUA December Board Meeting

December 18, 2020

The National Credit Union Administration has adopted a final rule to amend its regulation governing assessment of the annual operating fee to FCUs, approved its 2021-2022 budget, and approved a notice that makes several clarifying changes to the methodology it uses to determine how it apportions operating fees charged to FCUs. 


McLean Sends Letter of Support for Auto IRAs to MA Congressman Neal

December 17, 2020

Cooperative Credit Union Association President/CEO Ron McLean recently sent a letter of support to Massachusetts Congressman Ritchie Neal, Chairman of the Committee on Ways and Means, to help promote retirement savings opportunities for all Americans by creating automatic individual retirement accounts through The Automatic Retirement Plan Act of 2020 (“Auto IRA”).


NCUA Board Meeting Summary

December 17, 2020

The National Credit Union Administration held a Board meeting on a number of proposed and final rules, as well as received a briefing on the Share Insurance Fund's Normal Operating Level.


McLean Hosts Discussion with Congresswoman Katherine Clark

December 14, 2020

The Cooperative Credit Union Association hosted a credit union discussion with Massachusetts Congresswoman Katherine Clark yesterday.


McWatters Resigns from Board

November 23, 2020

Following an announcement that J. Mark McWatters has resigned from his position on the board of the National Credit Union Administration, Cooperative Credit Union Association President/CEO Ron McLean noted, “ We are a stronger credit union movement and millions of Americans have benefited from greater access to credit unions through McWatters’ leadership at the NCUA.”


NDAA Conference Committee Meets; CCUA CUs Well Represented

November 20, 2020

Bipartisan leadership of the Senate and House Armed Services Committees, including Rhode Island Senator Jack Reed who serves as Ranking Member of the Senate Armed Services Committee alongside Chairman Jim Inhofe of Oklahoma, met last week on the National Defense Authorization Act for Fiscal Year 2021 (“NDAA”).


NCUA Releases 2019 Credit Union Diversity Self-Assessment Results

November 20, 2020

The NCUA's 2019 Credit Union Diversity Self-Assessment Report is available on NCUA’s website.


Summary of November’s NCUA Board Meeting

November 19, 2020

Proposed Rule – Capitalization of Interest (Part 741, Appendix B) - The Board issued a proposed rule to allow the capitalization of interest in connection with loan workouts and modifications.


Massachusetts Congresswoman Katherine Clark Claims Assistant Speaker Position

November 19, 2020

Massachusetts Congresswoman Katherine Clark ascended the Democratic leadership ladder this week by advancing two positions to claim the fourth highest ranking member position overall in the caucus in the coming Congress.


NCUA’s Harper Joins McLean, CUs for Open Discussion

November 16, 2020

Cooperative Credit Union Association President/CEO Ron McLean and members of the Association welcomed The Honorable Todd Harper, National Credit Union Administration Board Member, to an open dialogue last Friday. Harper provided an update on the impact of the coronavirus pandemic on the economy and the nation’s credit unions.


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