CFPB Issues Annual Notice of Asset-Size Exemption Thresholds for Regulations C and Z
The CFPB has announced the asset-size exemption thresholds for depository institutions under Regulation C and for creditors under the escrow requirements and small-creditor portfolio and balloon-payment qualified mortgage requirements, and the prohibition against balloon-payment high-cost mortgages under Regulation Z. These thresholds are effective Jan. 1, 2017. You can access the notices at: Regulation C Regulation Z
Tax Season – Now is the Time to Offer Member Savings
What’s the number one thing that credit unions do best? They “serve” their members with great products and services at the best possible cost. This is why your League partners with “Love My Credit Union Rewards” through CU Solutions Group to bring all Tennessee credit unions the best possible products and services for their members. […]
Ascend Federal Credit Union Opens New Financial Center in La Vergne
Middle Tennessee’s largest credit union has opened a new financial center in La Vergne. Ascend Federal Credit Union, which was ranked the 2015 Credit Union of the Year by the National Association of Federal Credit Unions (NAFCU), has opened a location at 231 Waldron Road. The new financial center features Ascend’s Personal Assistance Service System, […]
Y-12 Federal Credit Union Promotes Four Long Serving Employees
We are pleased to announce the promotions of four employees. Amber Price has been promoted to Director of Marketing. Price has been with Y-12 Federal Credit Union for 23 years and started her career as a teller. She worked several years in the Marketing Department and transitioned to Branch Operations where she managed the Clinton Branch […]
CUNA-Backed Occupancy Rule Finalized by NCUA Board
The NCUA board voted to finalize a CUNA-supported final rule that provides regulatory relief to credit unions by giving them more flexibility in managing their fixed assets. The rule is the second piece of CUNA-backed regulatory relief involving fixed assets finalized by the board in recent years. The rule amends the regulations surrounding federal credit […]
CUNA Says Share Insurance Premium Not Necessary in 2017
There is no good reason for the NCUA to tinker with the National Credit Union Share Insurance Fund, CUNA wrote in a white paper released today on the very remote possibility of a 2017 insurance premium. The NCUA has signaled the possibility of a 3 to 6 basis point premium in 2017, which CUNA believes […]
Appalachian Community FCU wins Louise Herring Award
CUNA’s National Awards Committee recently selected the recipients of the 2016 Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Awards for Financial Education. The awards, which are given in several credit union asset sizes, were selected among the winning entries at a league level. The first […]
ECU’s $12 Million Extraordinary Dividend Largest in History
Who gives back $12 MILLION as a year-end bonus? Eastman Credit Union (ECU) does! ECU’s Extraordinary Dividend has grown to a better than ever, record-breaking $12 million. The January payout marks the nineteenth year and more than $92 million in Extraordinary Dividends paid to members since 1998. “Over the past several years, ECU has announced […]
Gibson Joins Life Credit Union Board
Dawn Gibson was named to Life Credit Union’s Board of Directors. Gibson had previously served on Life’s Supervisory Committee for two years. Dawn Gibson is the practice administrator for MidState Pulmonary Associates. Prior to her current position, Gibson spent fourteen years with Saint Thomas Health. At Saint Thomas Midtown Hospital she managed the Metabolic Surgery Center, […]
UT Federal Credit Union Celebrates New Branch Location
UT Federal Credit Union celebrated the grand opening of their new branch location inside of The University of Tennessee Medical Center in Knoxville with a ribbon cutting ceremony and open house on December 8, 2016. UTFCU has had a full-service branch located in UT Medical Center since 1988, but after 28 years in the basement […]