FinCEN issued a final beneficial ownership information (BOI) Access Rule Dec. 20. The Corporate Transparency Act (CTA) requires creation of a BOI database where companies and legal entities report BOI directly to FinCEN; financial institutions [...]
Financial education has been an important part of member service for years at SAFE Federal Credit Union in Sumter, S.C. Over the past 18 months, however, the $1.8 billion asset credit union has [...]
From economic uncertainty to mergers to technological advancements, 2023 had a bit of everything. Let’s look back at the 10 most popular CUNA News stories of the year: 10. Economy on a razor While [...]
It’s been an exciting and historic year for CUNA, NAFCU, AACUL, Leagues, and credit unions as we work toward our goals of advancing the communities we serve. Advocacy is the primary way we do [...]
Colleen Desselle is a big proponent of continuous learning. “When you quit learning, you quit living,” says Desselle, chief marketing officer at $458 million asset CSE Federal Credit Union in Lake Charles, La. As associate [...]
Credit union loans outstanding increased 0.4% in October, compared to a 0.5% increase in September of 2023 and a 1.2% increase in October of 2022, according to CUNA’s latest Monthly Credit [...]
A rate cap bill introduced by Sen. Jake Reed, D-RI is raising concerns about its potential negative impact on consumers who need access to small dollar loans. CUNA, NAFCU, and other financial trade associations joined [...]
In the dynamic credit union industry landscape, the pursuit of professional growth is not just beneficial; it's essential. As we edge closer to 2024, credit union professionals at all levels — from frontline staff to senior [...]
The NCUA Board adopted a final 2024-2025 budget at its Thursday meeting. The approved budget is roughly $8.8 million lower than the proposed 2024 budget. Specifically, compared to the proposed budget, the final 2024 [...]
Members of CUNA and NAFCU have trusted our organizations with the responsibility of transforming into something bigger and better than before: America’s Credit Unions. That includes making unparalleled educational opportunities a key pillar of [...]
The 2022 Credit Union Diversity Self-Assessment Results Report is now available. In 2022, 481, or 10% of all credit unions, submitted a self-assessment. The figure represents an all-time high for submissions to the NCUA. Of [...]
As members of CUNA and NAFCU last month approved the merger of the two organizations to form America’s Credit Unions, the associations have released the 2024 event lineup. All credit union members can attend [...]
CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak spoke with CBS21 on credit unions' efforts against the big box interchange bill and how it would negatively impact everyone except the biggest retailers. "[...]
CUNA Senior Director of Advocacy and Counsel Elizabeth Sullivan posted initial analysis of the Community Development Financial Institution (CDFI Certification Application on CUNA’s Compliance Community. While it will take weeks to dig into the [...]
It was great to meet with League leaders this week in Dana Point, Calif., for the American Association of Credit Union Leagues (AACUL) Winter Conference. As you can imagine, there was plenty to discuss. Thank [...]
