by Chris Noble | Dec 16, 2020 | Advocacy, eLumination, eLumination 2020.12.17, Regulatory
Credit unions pay for the privilege of regulation through operating fees to the National Credit Union Administration (NCUA). With that in mind, those in the industry need to remain vigilant about NCUA's budget allocations and increases to make sure credit unions are...
by Emily Leite | Dec 16, 2020 | eLumination, eLumination 2020.12.17, Ohio CU News, Regulatory
More than ever, 2020 has shown a spotlight on the incredible impact credit unions make in their communities. Whether it is working around the clock to process Paycheck Protection Program loans or participating in social justice initiatives, credit unions have...
by Chris Noble | Dec 2, 2020 | Advocacy, eLumination, eLumination 2020.12.03, Regulatory
With the cooperative member-owner structure, credit unions are often regarded as pioneers of financial consumer protection. This also rings true in diversity and inclusion, where marginalized communities have often relied on credit unions for access to credit as an...
by Chris Noble | Nov 10, 2020 | Advocacy, eLumination, eLumination 2020.11.12, Regulatory
It’s no secret that federally chartered credit unions are assessed fees for the privilege of being regulated by the National Credit Union Administration (NCUA). However, many credit unions risk taking on an additional financial burden when calculating operating fees...
by Chris Noble | Nov 10, 2020 | Advocacy, eLumination, eLumination 2020.11.12, Regulatory
As the regulatory burden continues to result in significant litigation risk and today’s business climate becomes more complex for credit unions, the League continues to scan the legal horizon to protect credit union interests. That’s why, earlier this year, the League...
by Chris Noble | Oct 28, 2020 | Advocacy, eLumination, eLumination 2020.10.29, Regulatory
As federal financial regulators ease back into the rulemaking process, the League continues to scan the regulatory horizon for opportunities to promote and protect Ohio credit union interests. That's why we advocated for additional regulatory relief in a recent NCUA...
by Lianne Simeone | Oct 28, 2020 | Advocacy, Education & Training, eLumination, eLumination 2020.10.29, Events, Ohio CU News, Regulatory
In this continuously changing environment, it is more challenging than ever for credit unions to stay current and compliant. That's why the League and PolicyWorks are partnering to bring you helpful insights through this virtual Regulatory Roundtable on Nov. 10 at...
by Chris Noble | Sep 30, 2020 | Advocacy, eLumination, eLumination 2020.10.01, Regulatory
As credit unions continue to navigate uncertainty associated with the ongoing pandemic, the League is working tirelessly on your behalf to provide greater regulatory flexibility and transparency moving forward. That’s why we asked National Credit Union Administration...
by Chris Noble | Sep 2, 2020 | Advocacy, eLumination, eLumination 2020.09.03, Ohio CU News, Regulatory
Federal regulations can often prove confusing and difficult to comply with, even when regulated institutions do their best to remain compliant. That’s why the League recently advocated for the Consumer Financial Protection Bureau (CFPB) to better enable compliance...
by Chris Noble | Sep 2, 2020 | Advocacy, eLumination, eLumination 2020.09.03, Events, Ohio CU News, Regulatory
As the regulatory environment continues to change at a rapid pace due to COVID-19, it has been increasingly difficult for credit unions to predict what regulators might expect from during future examinations. National Credit Union Administration (NCUA) Regional...
by Chris Noble | Aug 19, 2020 | Advocacy, eLumination, eLumination 2020.08.20, Events, Ohio CU News, Regulatory
As the pandemic continues to impact the economy, your credit union might be wondering how COVID-19 might disrupt your next exam. The National Credit Union Administration (NCUA) recently updated its 2021 examination priorities, and the League is bringing the...
by Chris Noble | Aug 5, 2020 | Advocacy, eLumination, eLumination 2020.08.06, Ohio CU News, Regulatory
When corporate credit unions can operate effectively and efficiently, it builds greater confidence in the safety and soundness of the entire credit union system. That’s why the League argued for reasonable regulatory flexibility in response to a proposed National...
by Chris Noble | Jul 22, 2020 | Advocacy, eLumination, eLumination 2020.07.23, Ohio CU News, Regulatory
The ability to access additional capital is more important than ever as low-income designated credit unions (LICUs), complex credit unions, and new credit unions are at risk of being undercapitalized due to the stress put on the economy. The League recently submitted...
by Cory Fleming | Jul 22, 2020 | Advocacy, eLumination, eLumination 2020.07.23, Events, Legislative, Ohio CU News, Regulatory
Legal advocacy is increasingly important for credit unions due to the recent uptick in costly litigation throughout the Movement. To ensure Ohio’s top court hears the credit union perspective, the League recently coordinated a dialogue between credit union attorneys...
by Emily Leite | Jul 7, 2020 | Advocacy, Advocacy News, Compliance, eLumination, eLumination 2020.07.09, Legislative, Regulatory
While credit unions continue to manage compliance complexities associated with cannabis banking, there is a similar conversation beginning with hemp banking. Ohio recently legalized hemp cultivation and established a Hemp Program, allowing licensed individuals to grow...
by Emily Leite | Jul 7, 2020 | Advocacy, Advocacy News, eLumination, eLumination 2020.07.09, Legislative, Regulatory
As credit unions focus on serving people, families, communities, and businesses during difficult times, Congress continues to adjust the Small Business Administration (SBA) Paycheck Protection Program (PPP) to make it easier to do so. Recent PPP changes extend the...
by Chris Noble | Jul 7, 2020 | Advocacy, eLumination, eLumination 2020.07.09, Ohio CU News, Regulatory
Credit unions have been a source of great financial relief and flexibility for their members during the COVID-19 pandemic, and the League is here to make sure credit unions can modify their operations with confidence to continue supporting their members. In April, the...
by Chris Noble | Jul 7, 2020 | Advocacy, eLumination, eLumination 2020.07.09, Events, Ohio CU News, Regulatory
Many credit unions have stepped up to help small business navigate the uncertainty of the current health and economic crisis through PPP lending. Unfortunately, the program has opened financial institutions up to unexpected liability, as well. The League hosted a...
by Chris Noble | Jun 24, 2020 | Advocacy, eLumination, eLumination 2020.06.25, Ohio CU News, Regulatory
With more than 80 Ohio credit unions utilizing the Federal Home Loan Bank (FHLB) of Cincinnati for liquidity and community investment needs, it is vital that any changes to FHLB membership standards uphold robust safety and soundness standards. To avoid diluting...
by Emily Leite | Jun 10, 2020 | Advocacy, Advocacy News, eLumination, eLumination 2020.06.11, Legislative, Regulatory
As credit unions continue to prioritize people during the pandemic, the League is constantly scanning the federal horizon for opportunities to further protect and advance the cooperative model, like changes to the Small Business Administration (SBA) Paycheck...
