Federal Credit Union Act

Bipartisan Senate bill would raise loan maturity limits for FCUs

03/16/21

The proposed legislation is similar to a package put forward in 2020 and another introduced in the House in 2019.

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California credit union launches first-time auto ABS transaction

03/12/21

Unify Financial is sponsoring a $300M securitization of prime auto loans. The $3.3 billion-asset institution is only the second CU to sell securities backed by auto loans since the NCUA gave the green light for credit union securitizations nearly four years ago.

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House lawmakers give update on CECL, pot banking

02/26/20

At a credit union conference, Rep. Blaine Luetkemeyer, R-Mo., said Congress has "got to be pushing back" against the Current Expected Credit Losses standard, while Rep. Steve Stivers, R-Ohio, indicated that not all Republicans view the cannabis banking issue the same way.

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Another credit union-bank deal, another misinformed complaint

02/03/20

Despite what one critic says, Alaska USA Federal Credit Union’s acquisition of branches from TCF Financial will help underserved communities in Arizona.

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Why we converted from a credit union to a bank

01/23/20

A former credit union CEO explains why it chose to become a bank, subject to taxes, and says Congress needs to intervene in discussions on an NCUA proposal to loosen capital standards.

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The Navy commander behind the credit union banks love to hate

12/03/19

Navy Federal Credit Union is Exhibit A in banks' case to tax the credit union industry. But it wasn’t always seen as the powerhouse it is today. Meet Adm. Cutler Dawson, the man who changed that.

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Imagining a world in which credit unions pay income taxes

04/25/18

Putting aside the spin of both credit unions and banks, we offer some informed predictions about how the financial industry would be reconfigured if the century-old tax break were to disappear.

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Credit unions vs. banks: How we got here

04/24/18

Banks and credit unions have been fighting each other so long that many have forgotten how the feud started and why it may matter to the future of both industries.

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How other nations treat credit unions' tax status

04/24/18

Long considered a political third rail in the U.S., the movement's tax exemption is taking some heat. Here's a sampling of how other countries have handled this debate.

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