The credit unions of Massachusetts, New Hampshire, and Rhode Island will be voting on a plan to merge their three Leagues next month. A voting schedule for each state has been established, which includes the opportunity to vote electronically on a secured website using a unique password or to vote in person at a polling place set in the state in which they are located. (See the schedule shown below.)
A sizable contingent of credit union leaders representing the Massachusetts Credit Union League, New Hampshire Credit Union League and the Credit Union Association of Rhode Island traveled to the nation's capital on September 17, to meet with lawmakers and discuss a number of issues that are of critical concern to credit unions and their members.
In a letter to the NCUA Board, League President Paul Gentile requested that the NCUA Board issue a supplemental rule on Risk Based Capital that would include an additional comment period.
The Rhode Island Department of Business Regulation, Division of Banking, released a 26 page proposed regulation yesterday, Banking Regulation 5 - Mortgage Foreclosure, which administers statutory changes to mortgage foreclosure provisions.
Association President Paul Gentile submitted a comment letter to NCUA on behalf of member credit unions regarding two regulations that NCUA proposed at its June board meeting. The comments were made on Proposed Rulemaking on Appraisals - Availability to Applicants and Requirements for Transactions Involving an Existing Extension of Credit.
The 2014 Fall Leadership Conference at the Wentworth by the Sea resort in New Castle, New Hampshire, on October 24-26, features a number of nationally acclaimed speakers and industry experts. One of the featured speakers, Michael B. Rubin, president of Total Candor who is from New Hampshire, is the bestselling author of "Beyond Paycheck to Paycheck,"
The National Credit Union Administration continues to indicate that Interest Rate Risk remains a top regulatory concern. The agency has not only addressed IRR in regulation and exam focus in recent years, but IRR is also tightly woven into the proposed Risk-Based Net Worth proposal.
During a discussion with credit union officials yesterday as part a meeting of the American Association of Credit Union Leagues (AACUL), NCUA Chairman Debbie Matz addressed several timely topics of interest.
Yesterday at its third listening session held in Alexandria, VA, NCUA made it clear that the agency's risk-based capital proposal will undergo changes in key areas before it is made final.
The Credit Union Association of Rhode Island presented a $65,000 check to Special Olympics Rhode Island at the Credit Unions of Rhode Island Charity Golf Tournament yesterday, July 14. These funds represent the total amount raised this year by credit unions, members, sponsors, etc. The Association's Social Responsibility Committee set the $65,000 goal in September 2013. This brings a seventeen-year total to $714,100.