A new study has found credit unions fall short of their mission to serve low-income or “small-means” households. Credit unions enjoy many benefits, most notably a federal tax exemption. Many of these benefits stem from the original mission of credit unions to serve households of “small-means.” A recent report from the Federal Financial Analytics firm found the National Credit Union …

As a follow up to Tuesday’s OBA Update, we wanted to make sure our bankers took note of the new study that found credit unions fall short of their mission to serve low-income or “small-means” households. Credit unions enjoy many benefits, most notably a federal tax exemption. Many of these benefits stem from the original mission of credit unions to …

In This Issue… Latest issue of Oklahoma Economist focuses on state’s ‘brain drain’ Deadline for Oklahoma Bankers Hall of Fame nominations this week Annual Washington Visit scheduled Report: Credit unions fall short of serving households of ‘small means’ 2020 Oklahoma Views & Vistas Calendar available for discounted price until July 1 OBA education corner …

In This Issue… NFIP Reauthorization Act passes House committee Agencies issue final rule to streamline regulatory reporting requirements 2019 Convention Golf tournament rescheduled Business, banking aspects of medical marijuana focus of local story OBA brings back Compensation Survey OBA communications director promoted to senior vice president OBA education corner …

The OBA’s Annual Washington Visit has been scheduled for Sept. 15-17, 2019, and the hotel will be the Trump International Hotel Washington, D.C. Additionally, NEW this year, we are offering an offsite excursion to Mount Vernon that will include transportation, private tour (of the historic area, mansion & tomb), lunch and free time to explore the grounds. Registration information should …

The local news website NonDoc recently published a story on the business and banking aspects of the burgeoning medical marijuana scene in Oklahoma. The article features several quotes and insights from OBA President and CEO Roger Beverage, as well as Suzie Symcox, chief administrator officer at First Fidelity Bank in Oklahoma City, and positive comments on the SAFE Banking Act …

This month marks the 75th Anniversary of the Normandy Invasion by Allied forces during the Second World War. Led by American and British troops, it was and remains the largest invasion by air, land and sea in history. More than 5,000 ships, 11,000 airplanes and 150,000 soldiers from the United States, Britain and Canada stormed the Nazi-occupied French beaches of …

Late last month, the Congressional Budget Office released its cost estimate for H.R. 1595, the SAFE Banking Act, to enable banks and credit unions to serve legitimate cannabis businesses in Oklahoma and 32 other states that have legalized the use of marijuana for either medical or recreational use. According to the CBO, this bill, which is strongly supported by the …

In This Issue… FDIC issues FIL on weather-related guidance OBA brings back Compensation Survey Oklahoma Bankers Hall of Fame taking nominations House to consider NFIP reauthorization, beneficial ownership bills Annual Washington Visit scheduled OBA education corner …

Check out the 2019 OBA Convention highlights below with several photos from the event! The 2019 OBA Convention and Trade Show was held on May 20-22 at the Edmond Convention Center in Edmond and saw hundreds of bankers and those associated with the industry come together. Click here to visit the Convention photos page.