Rize Credit Union’s Post

The Q2 State-Level Credit Union Data Report was released by NCUA. Total assets, shares and deposits, and membership at federally insured credit unions declined at the median over the year ending in the second quarter of 2024, while loans outstanding increased. Find out more: https://lnkd.in/eYCaifCq #creditunions #report #ncua #assets #deposits #membership

Delinquency rates by loan type on March 31 were: 2.02% for credit cards, up from 1.48% a year earlier and down from 2.11% on Dec. 31. 0.79% for auto loans, up from 0.58% a year earlier and 0.90% on Dec. 31. 0.47% for first mortgages, up from 0.29% a year earlier and 0.56% on Dec. 31.

Credit Union Alert 🚨 NSF and Overdraft Fees were a topic discussed by NCUA Chairman Harper during a Q&A this week. The NCUA Chairman discussed a proposed rule for Credit Unions with assets greater than 1 billion. Opinions on the proposed rule? Comment below! 👇 #WeAre🐺

Compounding of Contraventions under FEMA, 1999: RBI/FED/2024-25/78 A.P. (DIR Series) Circular. No. 17/2024-25 October 01, 2024 To, All Authorised Dealer Category I banks and Authorised banks Madam / Sir, Directions - The provisions of section 15 of Foreign Exchange Management Act, 1999 (42 of 1999) [hereinafter referred to as FEMA, 1999 ], enable compounding of contraventions and, empowers the Reserve Bank to compound any contravention as defined under section 13 of the FEMA, 1999 , except the contraventions under section 3 (a) of FEMA, 199... ... ... http://dlvr.it/TDxJ9g #FEMA #Circulars #TaxLaws #TaxTMI

RBI has commendably focused on protecting consumer interests all this while. One idea which should be explored in favour of lenders is to allow setup of mandates that enable recovery of dues from any bank account linked to the borrower's PAN. Boom💥 PS: Opinions are my own and not those of my organization.

WE'VE ONLY JUST BEGUN! The Federal Credit Union Act turned 90 years old this year. While today's system is thriving, we at the NCUA need to make it even stronger and more resilient. And, in an evolving marketplace, #creditunions must continue to innovate and focus on the needs of their members, especially those of modest means. The keys to that success will be transparency, fairness, vigilance, and foresight. Read more about my thinking at https://lnkd.in/exHzSA8p. #NCUA

The Banking Offence and Punishment Act was enacted in Magh 2064 B.S. to incorporate legal provisions related to Banks and Financial Systems in Nepal. The Preamble of the Act has mentioned that the Objective of the Act is to formulate legal provisions on Offenses relating to Banks. It desires to promote trust in the Banking and Financial System and mitigate the risks and consequences faced by such Institutions during their regular transactions. #bankingoffence #bankingoffense #learnwithbrshakya https://lnkd.in/dhVpZ4Sh

A helpful webinar for small and MDI credit unions!

The 2020 Federal Court of Appeal decision in TD Bank v Canada has major implications for lenders' security interests. Learn how this case could affect you and discover the new title insurance coverage that offers protection against super-priority claims. Read more on our blog: https://ow.ly/KOjV50RlhHR #DevryLaw

The 2020 Federal Court of Appeal decision in TD Bank v Canada has major implications for lenders' security interests. Learn how this case could affect you and discover the new title insurance coverage that offers protection against super-priority claims. Read more on our blog: https://ow.ly/KOjV50RlhHR #DevryLaw