WASHINGTON, DC (August 10, 2022) — Fourteen credit union-friendly candidates added 14 wins in Connecticut, Minnesota, Vermont and Wisconsin Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 274 credit union proponents this cycle with a 97% success rate. In Vermont, Democrat ...
WASHINGTON, DC (August 10, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s July Consumer Index Report: “The overall monthly price change remained flat in July as falling gas prices offset ...
WASHINGTON, DC (August 5, 2022) — The Government National Mortgage Association (Ginnie Mae or GNMA) issued an amendment to its mortgage-backed securities guide, removing credit unions’ categorization as non-bank mortgage lenders and recognizing them as insured depositories regulated by a prudential regulator. CUNA has engaged ...
WASHINGTON, DC (August 5, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s July Employment Situation: “The US economy added 528,000 jobs in July, double the size of expected amount, ...
WASHINGTON, DC (August 3, 2022) — CUNA President/CEO Jim Nussle issued the following statement in response to the passing of Rep. Jacqueline Walorski, R-Indiana, and two of her staff members. “Rep. Walorski was a champion for the credit union difference since her time in ...
WASHINGTON, DC (August 3, 2022) — Thirty-one credit union-friendly candidates won their primary races in Arizona, Kansas, Michigan, Missouri, and Washington Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 255 credit union champions with a 97% success rate this election cycle. ...
WASHINGTON, DC (August 1, 2022) — In the July 2022 CUNA Economic Update, Senior Economist Dawit Kebede, PhD, comments on the Federal Reserve’s Open Market Committee meeting and the chances of a recession. Highlights from the July update include: Housing investment and car sales: ...
WASHINGTON, DC (July 29, 2022) — Credit Union National Association (CUNA) adamantly opposes the Credit Card Competition Act, which poses a serious threat to sensitive financial data for millions of consumers by allowing the nation’s largest retailers to bypass established secure payment networks. CUNA ...
WASHINGTON, DC (July 28, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement after the U.S. Commerce Department released its second-quarter gross domestic product (GDP) report: “Real Gross Domestic Product (GDP) decreased by 0.9% for a ...
WASHINGTON, DC (July 28, 2022) — The House passed CUNA and League-backed remote online notary and Community Development Financial Institutions (CDFI) Fund improvements Wednesday evening. “We owe a big thank you to the House for passing these two bipartisan bills that will increase access to ...
WASHINGTON, DC (July 27, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement following the Federal Reserve meeting today: “The Federal Reserve Open Market Committee (FOMC) increased the federal funds rate by 75 basis points, in line with ...
WASHINGTON, DC (July 27, 2022) — The House Financial Services Committee advanced the CUNA and League-led Credit Union Board Modernization Act (H.R. 6889) Wednesday. Reps. Juan Vargas, D-Calif., and Anthony Gonzalez, R-Ohio, introduced the bill during the 2022 CUNA Governmental Affairs Conference in March. “...
WASHINGTON, DC (July 27, 2022) — This year’s theme for International Credit Union (ICU) Day is “Empower Your Financial Future with a Credit Union™,” which will take place on Thursday, October 22. International Credit Union Day festivities include community fundraisers, contests, picnics, and parades. ...
WASHINGTON, DC (July 20, 2022) — Credit union champions defended their seats against primary challengers in congressional races throughout Maryland Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 222 credit union proponents this cycle with a 98% success rate. Credit Union ...
WASHINGTON, DC (July 15, 2022) — The House passed the FY23 National Defense Authorization Act with several CUNA-supported provisions in a 329-101 vote late Thursday. The bill includes the Secure and Fair Enforcement (SAFE) Banking Act, extends CARES Act Central Liquidity Facility (CLF) flexibility, and ...
