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News
- Senate Passes Short-Term Spending Measure, Averting Federal Government Shutdown
November 16, 2023Your League was pleased to see the passage late Wednesday in the U.S. Senate of a stopgap spending measure that will fund the federal government until at least mid-January. We urged lawmakers to avoid a federal government shutdown, knowing the hardships it would create for credit union members, and by extension, credit unions.
- League's Carrie Hunt Testifies on NCUA's Budget Proposal; Urges Agency to Consider Impact of Increased Regulation, Rising Costs on CUs' Ability to Serve Members
November 16, 2023League President/CEO Carrie Hunt testified today during the National Credit Union Administration’s public hearing on the agency’s 2024-2025 budget proposal. During her testimony. Hunt noted three key areas of concern: cybersecurity, the agency’s allocation of resources as it relates to serving credit unions of every size, and an increased scrutiny on consumer compliance.
- NCUA Board Meeting: CAMELS Code 3 on the Rise
November 16, 2023During today's NCUA Board meeting, the Board received a quarterly update on the Share Insurance Fund. Part of this update includes data on the CAMELS codes of credit unions. While the CAMELS codes of individual credit unions are confidential, this aggregate data shows some trends and insights. Today's data shows growth in CAMELS code 3 credit unions - not only in the number of credit unions in this category but also in shares and deposits held in these credit unions.
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