The NCUA board heard a briefing on the agency’s Post-Examination Pilot Survey at its meeting Thursday. NCUA will add qualitative questions, consider credit union asset size in determining survey questions, and consider using a [...]
Toledo Urban Federal Credit Union CEO/Treasurer Suzette Cowell tells the story of the $12.3 million asset credit union in this episode of the CUNA News Podcast. Cowell joined the credit union movement after [...]
Advocates from all six states represented by the soon-to-be-merged Mountain West Credit Union Association and Northwest Credit Union Association traveled to Washington, D.C., for Capitol Hill visits June 8 and 9. Following meetings in [...]
The House passed the CUNA-League-led Expanding Financial Access for Underserved Communities Act Wednesday as part of a larger financial services bill. CUNA, Leagues, credit unions, and system partners strongly support the bill, and engaged House [...]
At a bank where Suzette Cowell used to work, loan applications from two Toledo, Ohio, ZIP codes were automatic rejections. Now, Cowell leads a credit union located in one of those ZIP codes. As CEO/[...]
Federally insured credit unions experienced growth in assets, shares and deposits, and loans outstanding over the year ending in the first quarter of 2022, according to the latest Quarterly U.S. Map Review released Tuesday [...]
CUNA requested NCUA update its Charitable Donation Accounts (CDA) rule definition of “qualified charity” to allow credit unions to do more to serve worthy organizations. The CDA rule allows federal credit unions to make investments [...]
Nearly two-thirds of all federally insured credit unions have less than $100 million in assets, and they face an array of challenges in a rapidly changing financial services market. Staff from NCUA will discuss strategies [...]
Credit unions celebrate Pride Month with their own collective voice of identity and representation. CU Pride, the LGBTQ+ association for credit unions, provides a space where credit union LGBTQ+ colleagues and allies can come together [...]
The National Security Agency, Cybersecurity and Infrastructure Security Agency, and Federal Bureau of Investigation issued a joint cybersecurity advisory on cyberattacks from China. The advisory describes the ways in which state-sponsored cyber actors continue to [...]
As interest rates rise, credit unions must look for strategies to protect margins and valuations on their loans and investments. A new update to Financial Accounting Standards Board accounting rules may provide options to use [...]
Sixty-six credit union supporters won primary elections in California, Iowa, Mississippi, New Jersey, New Mexico, and South Dakota Tuesday. Candidates were backed by Credit Union Legislative Action Council (CULAC), CUNA’s federal political action committee [...]
In NCUA’s 2022 Supervisory Priorities letter, NCUA Chairman Harper indicated that examiners will be focusing on reviewing policies covering loan workout strategies, risk-management practices, BSA and AML/CFT, ALLL, fair lending, and overdraft, among [...]
Illinois Credit Union League (ICUL) President/CEO Tom Kane recently appeared on CU Broadcast to preview the second annual #ILoveMyCreditUnion social media blitz campaign, scheduled for July 29. “This all started a couple years ago [...]
Leaders from CUNA, the Illinois Credit Union League, Faith-Based Credit Union Alliance, Inclusiv, and CUNA Mutual Group, met with leaders from the Congressional Black Caucus (CBC) in Chicago. The groups discussed the importance of financial [...]
