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This week, the Mountain West Credit Union Association sent a letter to NCUA Chairman Rodney Hood, written on behalf of the credit unions we serve expressing our appreciation for the work of the NCUA to bring about regulatory relief during this current crisis. The letter also included the Association’s recommendations for …
The Small Business Administration’s $349 billion Paycheck Protection Program has officially run out of money. A notice, posted on the SBA’s website, states the “SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP …
Last night and earlier this morning, the U.S.Treasury released additional documents for lenders participating in the Paycheck Protection Program. The new documents include: Lender Electronic Data Form Final Borrower Application Form SBA Form 3506 Both forms are outlined in the PPP Final Rule that was released on Thursday afternoon. To …
The U.S. Treasury Department and the Small Business Administration have finally released their long awaited guidance for the Paycheck Protection Program (PPP). We have been working with our state governments to help compile a list of available lenders that are participating or planning to participate in the program in order …
Stephen Nelson, VP of Credit Union Support at the Utah Credit Union Association, recently shared some resources primarily geared toward helping smaller and mid-sized credit unions meet CECL requirements. The resources are on the Utah Credit Union Association website https://www.utahscreditunions.org/resources/123/ and include: 8 videos covering just about everything in the …
Livonia, Mich. — April 18, 2019 — The Mountain West Credit Union Association (Colorado, Arizona, Wyoming), Maryland & DC Credit Union Association, Indiana Credit Union League, Credit Union League of Connecticut, Cornerstone Credit Union League’s league service corporation, CU Resources (Texas, Oklahoma, Arkansas) and CU Solutions Group (CUSG) — a …
The Senate voted today to confirm Kathy Kraninger as the next director of the Bureau of Consumer Financial Protection. Kraninger replaces Acting Director Mick Mulvaney, and will serve a five-year term as director. “We’re pleased to have a new permanent director leading the BCFP, as credit unions and other parts …
MADISON, Wis., and WASHINGTON (May 23, 2018) – Support and information on state and federal regulations is now available in one central hub. After successful beta testing, three leagues have joined CUNA for the inaugural launch of CUNA & League Compliance Communities. These new communities, an extension of the CUNA …
The Mountain West Credit Union Association held a reception for former Division of Financial Services Commissioner Chris Myklebust on Thursday, January 18, 2018 in the Grant Street office in Denver. During his two terms as Commissioner, Mr. Myklebust served both the public interests, and the interests of credit unions, in …
