Posts From January, 2014

NJ CU Foundation Elects Table Officers for 2014; Appoints Powers as Newest Board Member 

Posted by Marissa Anema Monday, January 13, 2014 11:59:00 AM
HIGHTSTOWN, N.J. – At its first board meeting and planning session of 2014, the New Jersey Credit Union Foundation elected Michael Hou, United Teletech Financial FCU, as chairperson; Tracy... read more

CUAC Expansion Bill Passes Assembly, Sent to Governor  

Posted by Marissa Anema Tuesday, January 07, 2014 1:15:00 PM
TRENTON, N.J. – Legislation (S-2660) that would expand the state’s Credit Union Advisory Council (CUAC) to seven members and provide for representation of federally chartered credit unions passed... read more

CFPB Provides Basic Guide for Lenders: What is a Qualified Mortgage 

Posted by Marissa Anema Monday, January 06, 2014 1:48:00 PM
WASHINGTON – Starting January 10, 2014, credit unions must assess the borrower’s ability to repay for virtually all closed-end residential mortgage loans. All Qualified Mortgages (QM) are presumed ... read more

CUNA Conducting CU Survey on Effects of Target Data Breach 

Posted by Marissa Anema Monday, January 06, 2014 11:27:00 AM
WASHINGTON – CUNA is conducting a brief survey of all CUNA/league member credit unions that offer debit and/or credit cards about the effects and costs of the recent Target data breach. The data... read more
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