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Comments Due on Proposed Rules for Texas Home Equity Lending Law Changes
December 14, 2017

Texas voters approved changes to the home equity lending law on Nov. 7, 2017. The Texas Credit Union Commission and the Finance Commission have jointly published proposed interpretation amendments to implement SJR 60, which amends Article XVI, Section 50 of the Texas Constitution and applies to home equity loans entered on or after Jan. 1, 2018.

Questions Arise Regarding Home Equity Loan Closings in January 2018
December 14, 2017

As you have likely heard, home equity lenders in Texas are celebrating the successful amendment of the Texas Constitution effective Jan. 1, 2018. In the new year, home equity loans will involve revised disclosures. The question many credit unions are asking is, “which '12-day notice' do we provide in December 2017 for a home equity loan scheduled to close in early January 2018, the old disclosure or the revised disclosure?” Unfortunately, the conservative answer is “neither.”

In Memoriam: Linda Wardlaw of Federal Employees FCU
December 14, 2017

Linda McFerrin Wardlaw of Texarkana, Ark., died Nov. 28, 2017, at her home, surrounded by family. She had been an employee of Federal Employees FCU for 38 years, from 1972-2010, before retiring from her management position.

House Passes Bill with TILA, RESPA Regulatory Relief
December 14, 2017

The House voted 294-129 Tuesday in favor of a bill that would provide mortgage-related regulatory relief. The Community Institution Mortgage Relief Act of 2017 (H.R. 3971) was introduced in October by Rep. Claudia Tenney (R-N.Y.).

NCUA Releases Q3 2017 Credit Union System Performance Data
December 14, 2017

Data on the financial performance of federally insured credit unions in the quarter ending Sept. 30, 2017, are now available from the National Credit Union Administration. View all the details about selected performance indicators, assets, and liabilities and new worth here.

Uber, Michelangelo, and CUs Predict Future with AI, Machine Learning
December 14, 2017

Credit unions and many other organizations have long admired Uber for its signature friction-free app. In fact, the ride-sharing startup is often hailed as something of a pacesetter in user experience circles. What fewer people talk about is Uber’s emerging command of machine learning, an artificial intelligence technology experiencing exponential growth.

Terri Talley
Talley Celebrates 30 Years at Allegiance Credit Union
December 13, 2017

Terri Talley, business development officer at Allegiance Credit Union (ACU), is celebrating 30 years of outstanding service. The distinction makes her the longest-tenured employee in the history of the credit union, which was founded in 1963 as Federal Employees Credit Union (FECU) in downtown Oklahoma City. Talley began her career at FECU in November 1987 when she was hired as a receptionist.

Alamo Chapter Ugly Sweater Event
Alamo Chapter of CUs Hosts Ugly Sweater Event and Toy Drive Benefiting Children’s Hospital of San Antonio
December 13, 2017

The Alamo Chapter of Credit Unions hosted an ugly sweater networking event and toy drive benefiting the Children's Hospital of San Antonio on Dec. 5 at the Pacific Moon Restaurant. Credit union employees and members from the Credit Unions for Kids committee where invited.

CUNA Files Amicus Brief Supporting Authorization of President to Appoint CFPB Director under Vacancies Reform Act
December 13, 2017

CUNA announced that it will file an amicus brief in the U.S. District Court for the District of Columbia Tuesday in support of any U.S. president having the authority to appoint an interim director at the Consumer Financial Protection Bureau under the Vacancies Reform Act, rather than having an outgoing director select any person they want for the position.

#VoteForMiracles Campaign to Support Children’s Miracle Network Hospitals Enters Final Week
December 13, 2017

More than 100,000 fans of Children’s Miracles Network Hospitals have helped #VoteForMiracles surpass 300,000 votes with still one week left in the campaign. Over 2,500 credit unions have also been recognized by the public who are asked during the voting process to “choose their credit union.”

Debunking 'Chapter Chicken'
December 13, 2017

When I first started in my role nearly three years ago, I knew I would be attending many chapter meetings. I wasn’t sure what to expect. It had been years since I had regularly attended any chapter meetings. Before I get started here, I would also like to add fine print by saying, there are great chapters everywhere in the Cornerstone Region, and they are all doing great things, and these are just a few examples of all the great work. When I started in 2015, I expected "chapter chicken." Thankfully, I was wrong.

Date Event Location
12/14/2017 League Overview/Compliance Training Oklahoma City, OK
12/14/2017 Webinar: Fair Lending Online
12/14/2017 Greater Oklahoma Chapter Christmas Party Oklahoma City, OK
12/14/2017 Coastal Bend Chapter Meeting Corpus Christi, TX
1/17/2018 BSA and OFAC Training Teleconference
2/7/2018 CEO Roundtable Oklahoma City, OK
2/25/2018 - 3/1/2018 CUNA GAC Washington, D.C.
3/7/2018 CEO Roundtable Little Rock, AR
3/13/2018 - 3/14/2018 Oklahoma GAC Oklahoma City, OK
4/18/2018 - 4/20/2018 Annual Meeting & Expo Little Rock, AR
5/15/2018 Branch Manager Workshop Houston, TX
5/16/2018 - 5/18/2018 Southwest Lending Conference Galveston, TX