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Delivering Substance on Regulatory Relief

CUNA, the leagues, and CUs sent lawmakers ideas on reducing the reg burden.
May 8, 2013
Bill Cheney
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When it comes to regulatory relief, CUs deliver substance with the rhetoric.
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CUs Shine in the Face of Hurricane’s Devastation

Assistance shows the movement’s principles at their best, CU leaders say.
December 1, 2012
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CUs from coast to coast have helped with volunteers, loan relief, and direct financial aid.
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NCUF Raises $15,000 for Tornado Relief

Foundation activated its online disaster relief system, CUAid, on Saturday.
May 3, 2011
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Tuscaloosa CUs offer members emergency loans, waived payments, and loan extensions following last week's devastating tornadoes (LSCU photo).
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Loans Aid Flood-Affected Members

July 14, 2010
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When 17 to 20 inches of rain pounded Nashville during the first weekend of May, Michael Bittle knew staff of Vanderbilt University Employees Credit Union would have to hit the ground running the following Monday to help members.
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May Cover

Credit Union Magazine

• May digital edition

May 2013

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Look into the Future of Finance

Scenes from the 19th Annual CUNA CFO Council Conference

Gladwell: CUs are David to Banks’ Goliath

Survey Says: Americans Lack Credit Score Knowledge

Warren Morrow Named 2013 CU Hero of the Year

Recent Discussion

In remembering Warren, the first thing I think of was his smile. He was a gentle, caring man who always thought of others first. I was honored to be a part of the MiOpportinidad project with Affinity Credit Union, Warren and Miriam. His hard work and dedication to that project was inspirational. Warren so deserves this award.

The author really understands the credit union philosophy and I really enjoyed the analogy of his bathroom remodel. The only thing missing was pictures of the finished bathroom! :)

Thank you Phillip for showing the differences between a Big Bank that is only looking to sell you products and a Credit Union that actually looks out for its members needs. Great article!

I love and give a standing ovation to Ron Kase and to other caring people just as much as those who passed away on 2012 like Warren Morrow at Des Moines Iowa. He worked hard for those who are under-served an under-represented, but wasn't mentioned in your magazine. It may be beneficial for the entire world to know about his accomplishments no for his benefit, obviously, but to increase the number of positive and caring people and to add members the CU. Just ask Coopera Consulting at Des Moines Iowa about Warren Morrow's legacy.

That’s right Lisa. The servicing rule would not require a credit union to create its own policies and procedures if all aspects of the servicing are delegated to a sub-servicer. However, remember that the credit union will have to conduct due diligence on the sub-servicer to make sure it is following the minimum requirements for policies and procedures. Unfortunately, even those credit unions that use a third party servicer will need to have a working knowledge of the CFPB’s servicing rule.

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