The U.S. Agency for International Development (USAID) and Worldwide Foundation for Credit Unions released the second and final disbursement from a $1 million liquidity fund to help partner credit unions affiliated with World Council [...]
NCUA released its Office of Minority and Women Inclusion (OMWI) annual report, which provides an overview of the NCUA’s diversity and inclusion programs and initiatives in 2021. The report also highlights the agency’s [...]
CUNA wrote to House members Tuesday in support of including the Secure and Fair Enforcement (SAFE) Banking Act in the final version of the America COMPETES Act. The America COMPETES Act passed the House in [...]
CUNA strongly objects to the Consumer Financial Protection Bureau’s (CFPB) classification of a broad range of common financial services fees as “junk fees,” it wrote Monday. CUNA responded to a CFPB request for information ([...]
Through pandemic interruptions of daily activities and the resulting threat to livelihoods, 132 Upstate women entrepreneurs—92 of them women of color—have kept their small businesses moving forward thanks to Small Business Administration (SBA) [...]
Members at Amplify Credit Union no longer have to worry about incurring any fees on their accounts. The $1.2 billion asset credit union in Austin, Texas, switched to a fee-free model in February that [...]
The CUNA CEO Council announced that two credit union CEOs were elected to the 2022-23 CUNA CEO Council’s Executive Committee and two members were re-elected. The two new members fill vacancies created by the [...]
Rep. Fred Upton, R-Mich., announced he will not seek re-election in 2022. Upton, who has served in Congress since 1987, has long supported credit unions. “Fred Upton has long been a friend to America’s [...]
The credit union movement is celebrating National Credit Union Youth Month throughout April. The theme of 2022's Youth Month, sponsored by EVERFI, is "Save Small. Dream Big. at your credit union™" Credit unions will spend [...]
NCUA and the Federal Deposit Insurance Corporation will co-host a webinar focused on credit union officials, bankers, and workforce providers who help young people (ages 16–24) toward financial stability Thursday, April 14, beginning at [...]
CUNA supports the overall objective of NCUA’s succession planning proposal but feels the provisions would be more appropriate as guidance than regulation, it wrote to NCUA Monday. The proposal would require federal credit union [...]
NCUA released its 2021 Community Development Revolving Loan Fund (CDRLF) Report to Congress, highlighting the fund’s significant and positive impact on credit unions, their members, and their communities. A complete list of grant and [...]
UW Credit Union President/CEO Paul Kundert testified before the House Financial Services Subcommittee on Consumer Protection and Financial Institutions Thursday for its hearing on overdraft programs. In advance of the hearing CUNA submitted its [...]
While enterprise risk management (ERM) may be a daunting undertaking, Tony Ferris believes an ERM framework can be applied within virtually every credit union. In its most basic form, ERM is simply a prioritization tool [...]
Banks’ misleading attack over bank sales to credit unions is harmful, CUNA Chief Advocacy Officer Ryan Donovan wrote in American Banker Wednesday. Donovan notes when banks sell to credit unions it’s generally beneficial to [...]
