THE 'tude

I have to tell you, when Lena Giakoumopoulos of Global Women’s Leadership Network first contacted me to let me know I would be receiving this award today, I was of course humbled, appreciative, and excited.

The direct immediate impact of the new CCULR/RBC rule requires credit unions to hold between $30 to $40 billion more in reserves. 

The future of banking.  It’s a phrase we see used in news articles and in financial marketing campaigns. The phrase implies many things, but the primary takeaway is that financial institutions are finding new ways to shift to a digital-first business model. 

The direct immediate impact of the new CCULR/RBC rule requires credit unions to hold between $30 to $40 billion more in reserves.  These funds cannot be used for daily operations, such as expenses to increase member value or lower fee income or loan rates.

In 1994, a group of business, nonprofit, and philanthropic leaders came together to form the Enterprise Corporation of the Delta, a loan fund created to improve lives in 55 opportunity-starved counties in the tristate Mississippi Delta region. 

On Dec. 23, 2021, NCUA filed a new rule, RBC/CCULR, in the federal register. It took full effect just nine days later on Jan. 1, 2022. This rule is the most consequential ever passed by NCUA, and the most damaging.

Historically, the Enlightenment period was a time known not for its battles, but for its powerful ideas and for bringing forward intellectual and cultural awareness that changed the world.