Posts From January, 2013

N.J. Credit Unions to Host First Ever College Reality Fair, Attend NJCUL’s Required Volunteer Training on March 7th to Participate! 

Wednesday, January 16, 2013 10:45:00 AM
HIGHTSTOWN, N.J. – New Jersey credit unions will host their first ever Financial Reality Fair for college students on Tuesday, April 2nd at New Jersey City University, sponsored by Liberty... read more
 

Southern Chapter Holds First Meeting of 2013 

Wednesday, January 16, 2013 10:44:00 AM
VINELAND, N.J. – The Southern Chapter of Credit Unions held its first meeting of the New Year on Tuesday, January 15, 2013 at 8:00 a.m. at the Merighi’s Savoy Inn in Vineland,... read more
 

CUNA Notes Relief with NCUA 'Small CU' Action 

Tuesday, January 15, 2013 11:39:00 AM
ALEXANDRIA, Va. – Credit unions will see some real regulatory relief after last week's NCUA action to increase the asset-size threshold that defines a "small" credit union. The threshold was ... read more
 

CFPB Issues QM, Ability to Repay Rules; CUNA Provides Summary 

Friday, January 11, 2013 2:13:00 PM
WASHINGTON – Yesterday, the Consumer Financial Protection Bureau (CFPB) posted its standards to define a "qualified mortgage (QM)" under the agency's "ability to repay" rules to the bureau's ... read more
 

NCUA Amends Definition of 'Troubled Condition', CUNA will Monitor Change for Potential Adverse Impact on Dual Charter System 

Friday, January 11, 2013 2:12:00 PM
ALEXANDRIA, Va. – NCUA yesterday amended its definition of "troubled condition" and CUNA is concerned that the change could have an adverse impact on the dual charter system. "The dual... read more
 

CFPB Rules will likely set Safe Harbor for Prime Loans 

Thursday, January 10, 2013 12:06:00 PM
WASHINGTON – The Consumer Financial Protection Bureau (CFPB) is expected to address the standards to define a "qualified mortgage (QM)" under the agency's "ability to repay" rules that are... read more
 

NCUA Increases Small CU Asset Threshold to $50 Million 

Thursday, January 10, 2013 12:05:00 PM
ALEXANDRIA, Va. – Today, NCUA increased the asset-level test that defines a small credit union. The threshold was raised to $50 million as recommended by CUNA, up from $10 million. CUNA... read more
 

Banecker Retiring from Campbell EFCU, Ardire to Take on CEO Role 

Wednesday, January 09, 2013 11:06:00 AM
CHERRY HILL, N.J. – Martin Banecker is retiring from Campbell EFCU as president/CEO effective January 15th after 30 years of continuous service. David Ardire, VP Finance, will assume the... read more
 

NAFCU President Fred Becker to Retire; Dan Berger Selected as Successor 

Tuesday, January 08, 2013 11:55:00 AM
The National Federation of Credit Unions (NAFCU) announced that president/CEO Fred Becker will retire in July, with Dan Berger, NAFCU Executive Vice President of Government Affairs, to take... read more
 

ATM Fee Disclosure Bill: Federal, State Requirements 

Monday, January 07, 2013 8:46:00 AM
With the attention on the new ATM Fee Disclosure Bill – H.R. 4367 eliminating the federal requirement to have a physical notice of fees posted on the outside of ATM machines signed into law... read more
 
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