CUNA News Archives

CUNA, ABA express support for SAFE Banking Act in op-ed

CUNA, ABA express support for SAFE Banking Act in op-ed

Congress can stop the cannabis banking conundrum now, CUNA President/CEO Jim Nussle and American Bankers Association President/CEO Rob Nichols wrote in Fox Business Thursday. A credit union witness is scheduled to testify on [...]

Cash crop

Cash crop

In the fall of 2013, James Collins heard gunshots while relaxing at his home in Central Washington. It turns out a neighbor had an illegal marijuana grow operation, attracting three armed men who showed up [...]

FASB proposes delay of CECL implementation to Jan. 2023

FASB proposes delay of CECL implementation to Jan. 2023

The Financial Accounting Standards Board (FASB) agreed Wednesday to propose a one-year delay in the implementation date for the current expected credit loss (CECL) standard as it applies to credit unions, moving it to January [...]

Compliance: Effective dates for CFPB’s payday rule

Compliance: Effective dates for CFPB’s payday rule

CUNA’s Compliance team has received a number of questions regarding which provisions of the Consumer Financial Protection Bureau’s short-term, small-dollar (payday) loan rule are delayed and which will become effective in August. In [...]

House passes NDAA w/out CUNA-opposed exemption expansion

House passes NDAA w/out CUNA-opposed exemption expansion

The House passed the National Defense Authorization Act (NDAA) for fiscal year 2020 Thursday without any language expanding the Department of Defense’s (DOD) discretionary authority to waive the certain costs for land leases and [...]

CUNA backs appraisal, diversity bills prior to markup

CUNA backs appraisal, diversity bills prior to markup

CUNA supported two bills marked up Thursday by the House Financial Services Committee, the Homebuyer Assistance Act of 2019 (H.R. 2852) and the Ensuring Diverse Leadership Act of 2019 (H.R. 281). H.R. [...]

PODCAST: Spreading the credit union gospel

PODCAST: Spreading the credit union gospel

In 2004, leaders of New Light Christian Church in Houston asked Harlene Johnson, a former banker who'd recently moved to the city from Louisiana, to lead the formation of a faith-based credit union. She proved [...]

CUNA, World Council urge USAID to expand funding opportunities

CUNA, World Council urge USAID to expand funding opportunities

CUNA President/CEO Jim Nussle and Chief Advocacy Officer Ryan Donovan joined World Council of Credit Unions President/CEO Brian Branch and Vice President of Advocacy Andrew Price, as well as and former Congressman and [...]

How to solve your indirect lending woes

How to solve your indirect lending woes

Credit unions might be the biggest players in the indirect auto game. The overall margins on indirect auto loans have shrunk— one of the reasons why credit unions are still a major component in the [...]

May MCUEs show loan growth slowing, savings up 1.3%

May MCUEs show loan growth slowing, savings up 1.3%

CUNA’s Monthly Credit Union Estimates for May 2019 shows a continuation of slowing loan and membership growth: credit union memberships increased just 0.31%, the slowest May increase since 2014. Moreover, loan portfolios were [...]

CO-OPs such as CUs are ‘essential’ to meeting future challenges

CO-OPs such as CUs are ‘essential’ to meeting future challenges

The cooperative business model is a tool for economic success and self-determination, the National Cooperative Business Association (NCBA) CLUSA wrote in an open letter to all Republican and Democratic candidates running for president in 2020 [...]