WASHINGTON, D.C. (October 13, 2022) — In December of last year, the California Department of Financial Protection and Innovation (DFPI) approved Heritage Community Credit Union (HCCU)’s application to convert to an expanded community charter, allowing for the addition of three new counties as ...
WASHINGTON, D.C. (September 20, 2022) — CUCollaborate and CrossState Solutions have partnered to help New Jersey and Pennsylvania credit unions of all sizes maximize the impact they have on their members' lives and the communities they serve through a suite of subscription and consultative ...
WASHINGTON, D.C. (September 13, 2022) — The presence of minorities and women on a credit union’s board of directors can positively impact both an organization’s lending inclusion and asset growth, a CUCollaborate research team has found. Both groups, however, remain underrepresented among ...
WASHINGTON, D.C. (August 29, 2022) — On Tuesday, September 13, from 2–3 PM ET, CUCollaborate will host a free webinar to present the findings from research on credit union board composition and its impact on institutional performance. The project was sponsored by Jill ...
NEW ORLEANS, LA (July 14, 2022) — On December 22, 2021, the National Credit Union Administration (NCUA) approved New Orleans Firemen’s Federal Credit Union (NOFFCU)’s addition of five underserved areas comprising a total of 518 census tracts to its field of membership (FOM). ...
WASHINGTON, D.C. (June 28, 2022) — On April 6, 2022, the National Credit Union Administration (NCUA) approved Thrive Credit Union’s addition of a two-county well-defined local community to its field of membership (FOM). Thrive CU, a federal community credit union based in Muncie, ...
WASHINGTON, D.C. (April 15, 2022) — On January 25, 2022, the National Credit Union Administration (NCUA) approved Bragg Mutual Federal Credit Union (FCU)’s addition of two underserved areas comprising a total of 301 census tracts to its field of membership (FOM). Bragg Mutual ...
WASHINGTON, D.C. (April 14, 2022) — A group of Republican senators is accusing Biden Administration financial regulators of promoting radical environmental policies that could restrict credit to farmers and ranchers. “Many of your administration’s appointees have sought to promote unrealistic and radical environmental ...
WASHINGTON, D.C. (April 13, 2022) — The Consumer Financial Protection Bureau (CFPB) is purposely trying to inflame the public by claiming legitimate fees charged by credit unions and banks are “junk fees,” the two national credit union trade groups told the agency. The Credit ...
WASHINGTON, D.C. (April 12, 2022) — Legislation that would allow credit unions to expand their field of membership (FOM) into underserved areas is unnecessary and would create a major loophole for those institutions to increase their business lending, a group of state bankers associations ...
WASHINGTON, D.C. (April 8, 2022) — The Defense Department has hired a contractor to conduct a study about credit union and bank access to military bases, according to three credit union trade groups. And those groups—the Defense Credit Union Council, the Credit Union ...
WASHINGTON, D.C. (April 8, 2022) — The Federal Reserve says many Americans do not have enough savings to meet an unexpected expense of $400. Where can those people go when they need money quickly? A storefront check-cashing service. A payday lender. Or perhaps they ...
WASHINGTON, D.C. (April 8, 2022) — The Community Development Financial Institutions (CDFI) Fund on Wednesday announced it has awarded $26 million to 158 Federal Deposit Insurance Corp. (FDIC)-insured banks as part of its FY21 round of the Bank Enterprise Award (BEA) Program. Through ...
WASHINGTON, D.C. (April 8, 2022) — Credit union trade groups, community banker trade groups and consumer advocates are urging House Financial Services Chairwoman Rep. Maxine Waters, D-Calif., to schedule a markup of legislation they say would close a loophole that allows Industrial Loan Companies (...
WASHINGTON, D.C (April 7, 2022) — On January 24, 2022, the NCUA approved CBC Federal Credit Union (CBC FCU)’s conversion from a community to a multiple common bond charter, allowing for the addition of four underserved areas as well as three select groups ...
