WASHINGTON, DC (April 24, 2020) — The Federal Reserve Board Friday announced an interim final rule to amend Regulation D to delete the six-per-month limit on convenient transfers from the "savings deposit" definition. CUNA has urged the Federal Reserve to make this change for years, ...
WASHINGTON, DC (April 24, 2020) — After 60 days of national availability, more than 250 credit unions are using either Credit Union Compliance Management System™ (CU CMS), a CUNA or League member benefit, or Credit Union Compliance Management System PLUS™ (CU CMS+), the for-fee solution. ...
WASHINGTON, DC (April 24, 2020) — Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after the House passed and President Donald Trump signed a bill adding $310 billion to the Paycheck Protection Program (PPP), a program from the Treasury and ...
WASHINGTON, DC (April 23, 2020) — The National Credit Union Administration (NCUA) approved yesterday an interim final rule that would amend its capital adequacy and member business loans and commercial lending regulations following the creation of the Small Business Administration’s Paycheck Protection Program (PPP). ...
WASHINGTON, DC (April 22, 2020) — The Senate voted and approved an additional $310 billion in funds for the Paycheck Protection Program (PPP). The influx of funds contains a $60 million set aside for community lenders, lenders that include state and federal credit unions with: $...
WASHINGTON, DC (April 21, 2020) — Registration is now open for CUNA Putting Empathy into Action During a Pandemic eSchool (free to CUNA members) set for Tuesday and Thursday 1-hour sessions, April 28-May 7. In this new eSchool, presented with the National Credit Union Foundation, ...
WASHINGTON, DC (April 20, 2020) — Credit Union National Association (CUNA) and the World Council of Credit Unions (WOCCU) today announced the cancellation of World Moving: A Joint Credit Union Conference, which was set to take place July 19-22 in Los Angeles, California, USA. The ...
WASHINGTON, DC (April 16, 2020) — Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after the Small Business Administration (SBA) published an Interim Final Rule Thursday, effective immediately, announcing the implementation of Sections 1102 and 1106 of the CARES Act. ...
WASHINGTON, DC (April 16, 2020) — Reps. Brad Sherman (D-Calif.) Suzanne Bonamici (D-Ore.), Don Young (R-Alaska) and Brian Fitzpatrick (R-Pa.) today announced legislation that would exempt all credit union member business loans made during a declared disaster exempt from the member business lending cap for ...
WASHINGTON, DC (April 14, 2020) — Registration is now open for Navigating SBA Lending Programs in Response to the CARES Act & COVID-19 Pandemic webinar. This webinar, offered as a FREE CUNA member benefit, on April 15, from 10:00-11:30 AM CT gives credit ...
WASHINGTON, DC (April 9, 2020) — Today, Congressman Brad Sherman sent a letter to the Federal Reserve System seeking the temporary relief from Regulation D transfer limits. CUNA President/CEO Jim Nussle issued the following statement in response to Rep. Sherman’s letter: “Ensuring that ...
WASHINGTON, DC (April 6, 2020) — Credit union compliance and HR professionals can now access a free recorded webinar that covers how to apply the new paid leave requirements established in the Families First Coronavirus Response Act (FFCRA) that went into effect April 1. The ...
WASHINGTON, DC (April 3, 2020) — Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after the Small Business Administration (SBA) published an Interim Final Rule Thursday, effective immediately, announcing the implementation of Sections 1102 and 1106 of the CARES Act. ...
WASHINGTON, DC (March 27, 2020) — The House today passed the Phase III coronavirus disease (COVID-19) stimulus package, supported by the Credit Union National Association (CUNA) and its League partners. The bill was amended to include credit unions in several provisions that, through drafting oversights, ...
WASHINGTON, DC (March 26, 2020) — Credit Union National Association (CUNA) President/CEO Jim Nussle released the following statement after The Board of Governors of the Federal Reserve System, Consumer Financial Protection Bureau (CFPB), Federal Deposit Insurance Corporation, (FDIC), National Credit Union Administration (NCUA) and ...
