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Oct 14, 2011
Categories: Business Lending Operations

MBL Testimony; Repealing Durbin; State of CU Industry; Best Practices

Written by Steve Van Beek

Below are just a couple of items for your Friday.  

NAFCU Today has a detailed recap of Wednesday's testimony on H.R. 1418 - a bill to increase the credit union member business lending cap.

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On Wednesday, Rep. Jason Chaffetz (R-UT) and Rep. Owens (D-NY) introduced H.R. 3156 which would repeal the Durbin Amendment.  NAFCU Today has additional information on this first step of an uphill climb.

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NCUA issued Letter to Credit Unions 11-CU-16 which discusses the State of the Credit Union Industry and includes Financial Trends.  Included in the Letter is this information:

"While overall loan growth remains relatively flat, historically low-rate first mortgage real estate loans continue to grow.  This trend could impact credit unions’ future earnings potential.  Accordingly, NCUA is focusing supervisory efforts on credit unions with elevated levels of credit, interest rate, concentration, and strategic risk." 

NCUA follows this language with additional details on each of these risks that is worth taking a look at.  

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I wanted to thank everyone for the great advice as the Wedding Day approaches (currently in the single digits at 8 days!!)

I also wanted to share my own advice to those who may be in a similar situation now or in the future:

  • Try not to move within 30 days of the wedding - especially when your move date coincides with the RSVP response date.  The USPS might be pushing their mail service reliability - but it can take a while for that RSVP from Aunt Edna to finally hit your new mailbox.
  • No matter how much you want to say it, please do not mention the fact that if your favorite team continues on in the playoffs they will have a championship game during the wedding.  If you fail this, please do not compound the mistake by indicating the cocktail reception room - with the large TVs - would make a great viewing area.
  • And on a serious note - remember that it is not possible to say Thank You enough to your significant other.

Have a great weekend - and Go Blue!      

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