Headline News

Next Level Engagement: LCUL Introduces Political Advocate Program
The Louisiana Credit Union League works around the clock to advance the credit union mission and foster the public trust via multilayered grassroots efforts, CULAC fundraising, and community involvement. As our advocacy efforts grow, we recognize that there is a need to ensure that our communications are effectively delivered to the proper audience. We are ready to bring our advocacy efforts to the next level with the Political Advocate Program.

Identified by the credit union CEO, the primary role for the individual selected is to ensure that your credit union is ready to move when they need to. Your credit union's political advocate will identify credit union staff and board members who are willing to become politically active when alerted by the League on a critical legislative or regulatory issue.

As a benefit, political advocates will receive 50% discount to the state GAC as well as an invitation to local and statewide events such as meet & greets, in district meetings, and other functions.

Click here to for additional information on LCUL's Political Advocate Program. For questions, please contact Angela Gervais, VP of Advocacy.
NCUA Releases Q3 2019 Credit Union System Performance Data
NCUA Data on the financial performance of federally insured credit unions for the quarter ending Sept. 30, 2019, are now available from the National Credit Union Administration. The NCUA's Quarterly Data Summary Reports include an overview of the quarterly Call Report data as well as tables showing the recent history of major credit union performance indicators.

Beginning with the third-quarter data report, the NCUA has added a new feature: a spreadsheet listing all federally insured credit unions active as of Sept. 30, including key metrics.

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NDAA adopted without granting banks access to military bases
The credit union movement achieved a notable win Monday when the final version of the fiscal year 2020 NDAA was released without a provision that would have allowed certain banks to obtain cost waivers to operate on military installations.

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CFPB Issues Notice of Proposed Rulemaking on Remittance Rule
Last week, the Consumer Financial Protection Bureau (CFPB) issued a Notice of Proposed Rulemaking (NPRM) relating to the Remittance Rule. The Rule generally requires companies that provide remittance transfers in the normal course of business to disclose to consumers certain fees and the exchange rates that apply to transfers.

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News from CUNA Mutual