The New York Credit Union Association has drafted comment letters on legislation and regulations that affect how our members do business. Read the letters below to find out more about our position.

2022

default Comments to NCUA on Federal Credit Union Bylaws (127 KB) (12/2/222)

pdf Interest Rate Risk Evaluation and the continued use of the Net Economic Value Test (244 KB) (9/12/22)

pdf Request for Comment Draft Amendment to 23 NYCRR 500 - Cybersecurity Requirements for Financial Services Companies (310 KB) (8/22/22)

pdf Letter to Leader Schumer regarding Community Development Financial Institutions (CDFIs) (148 KB)  (5/2/22)

pdf Request for Information Regarding “Vacation Policy as an Internal Control Safeguard” (173 KB)  (3/8/22)

2021

pdf Capital Adequacy: The Complex Credit Union Leverage Ratio; Risk-Based Capital (175 KB) (10/15/21)
pdf Letter to Lt. Gov. Kathy Hochul - Vaccine Eligibility for CU Employees (155 KB) (3/15/21)
pdf Field of Membership—Shared Facility Requirements (357 KB) (2/10/21)

2020

pdf Opposition to New GSE Adverse Market Refinance Fees (283 KB) (8/25/20)
pdf NYCUA Letter in Support of Combination Transactions (296 KB) (8/13/20)

2019

pdf Response to Proposed Rulemaking, Chartering and Field of Membership (585 KB) (12/9/19)
pdf Letter to Sen. Schumer - NCUA taxi regulations review (243 KB) (5/30/19)
pdf
Proposed Bylaw Amendments (245 KB)
(1/14/19)

2018

pdf Payday Loans (299 KB) (7/31/18)
pdf Proposed 1st Amendment of Regulation 187 (11 NYCRR 244) (507 KB) (2/26/18)

2017

pdf NCUA proposal to close Stabilization Fund (226 KB) (9/5/17)
pdf NCUA proposed improvements to appeals process (1.20 MB) (8/7/17)
pdf Briggert-Waters Flood Insurance (249 KB) (1/6/17)

2016

pdf DFS Proposal on Zombie Properties (439 KB) (11/28/16)
pdf NYCUA-CUNA Cybersecurity Proposal (446 KB) (11/16/16)
pdf Wildcard letter to the DFS (362 KB) (10/27/16)
pdf CFPB payday loan proposal (311 KB) (10/5/16)
pdf NCUA proposal on extended exam cycle (255 KB) (8/4/16)
pdf Proposed Rulemaking for Parts 701 and 721, FCU Occupancy, Planning, and Disposal of Acquired and Abandoned Premises; Incidental Powers (380 KB) (6/24/16)
pdf FASB proposed CECL standard (364 KB) (3/21/16)
pdf Notice of Proposed Rulemaking Regarding Associational Common Bond (417 KB) (2/8/16)

2015

pdf Joint Letter to State AG on Chip and Pin Proposal (270 KB)  (10/28/15)
Department of Labor's proposal to raise exempt employee salary threshold (9/3/15)
NCUA's proposed MBL amendments
(8/27/15)
pdf NCUA's implementation on the Credit Union Share Insurance Fund Parity Act (265 KB)  (7/15/15)
pdf CFPB on Integrated Mortgage (279 KB)  (7/1/15)
pdf NCUA's small credit union definition (255 KB)  (5/5/15)
NCUA's Revised Risk-Based Capital Proposal
(4/27/15)
pdf CFPB's Proposed Mortgage (841 KB)  (3/19/15)
pdf FHLB Membership Amendments (338 KB)  (1/12/15)

2014

pdf
Chartering and Field of Membership Manual (278 KB)
 (6/30/14) 
pdf NCUA's Risk‐Based Capital Proposal (184 KB)  (5/28/14)
pdf Shared Appreciation Loan Modifications Proposal (133 KB)  (1/31/14) 
pdf In-Home Credit Union Proposal (62 KB)  (1/23/14)

2013

pdf Flood Insurance Proposal (267 KB)  (12/06/13)
pdf Interagency QRM Proposal (182 KB)  (10/30/13) 
pdf HUD QM Proposal (167 KB)  (10/29/13) 
pdf Derivatives Proposal (132 KB)  (7/29/13)
pdf Fixed Assets Proposal (97 KB)  (5/16/13)
pdf Qualified Mortgage Amendments (188 KB)  (2/25/13) 
pdf Remittance Transfer Requirements  (60 KB) (1/30/13) 
pdf Ability to Pay (41 KB)  (1/7/13)

2012

pdf Investment in Treasury Investment Protected Securities (83 KB)  (TIPS) (11/26/12) 
pdf Payday Alternative Loans (88 KB)  (PALs) (11/26/12)
pdf CFPB Streamlining Regs Comment Letter (207 KB)  (3/5/12)
pdf TDR Proposal Comment Letter (178 KB)  (3/2/12)
pdf RegFlex Program Comment Letter (44 KB)  (2/27/12)
pdf Loan Participation Comment Letter  (55 KB) (2/16/12) 
pdf Emergency Liquidity Comment Letter (53 KB)  (2/16/12)