NCUA issued a Letter to Credit Unions (21-CU-13) reminding all federally insured credit unions the final final subordinated debt rule becomes effective Jan. 1, 2022. The final rule amends various parts of the NCUA’s [...]
CUNA Senior Economist Dawit Kebede issued the following statement in response to the Labor Department’s October Jobs Report: “The job market showed strong growth in October, as expected, after two months of disappointing performance. [...]
Credit unions have profound interest in preserving the Department of Defense’s (DoD) discretionary authority to allow credit unions to use land and space on military bases at a nominal rate, CUNA and other organizations [...]
CUNA's National Awards Committee announced the 2021 recipients of the Dora Maxwell Social Responsibility Community Service Award, the Louise Herring Philosophy-in-Action Member Service Award, and the Desjardins Awards for Financial Education. State Leagues across the [...]
NCUA and the Federal Deposit Insurance Corporation are cohosting a webinar focused on helping young people (ages 16–24) on the road to financial stability. Part II of the webinar series “Account Access and Financial [...]
Business continuity is all about minimizing business disruption. And in today’s world, it’s nearly impossible to do so without the right technology. Specifically, a sound compliance management system can minimize business disruption in [...]
CUNA will be engaged with several hearings on Capitol Hill this week, including ones related to the consumer data-related cyberthreats. The House is expected to release the complete text of its reconciliation bill around mid-week, [...]
At Lakota Federal Credit Union (LFCU), mobile banking has a much different meaning than what most people associate with their smart phones. Instead of an app, LFCU brings banking services to members with a bus [...]
Forty-four credit union professionals earned designations signifying their expertise by successfully completing CUNA Marketing & Business Development Certification School, endorsed by CUNA Marketing & Business Development Council, which took place virtually in October. “Our recent [...]
The COVID-19 pandemic and civil unrest of 2020 forced leaders across all industries, including credit unions, to examine their trauma-informed services. According to N’cho Behavioral Group Executive Director Hammad S. N’cho, a trauma-informed [...]
The White House's reconciliation framework does not contain the credit union-opposed provision requiring increased reporting to the Internal Revenue Service, according to reports Thursday. As of Thursday afternoon, the legislation released by Congressional leaders also [...]
Credit unions will fall behind without NCUA action on credit unions’ ability to purchase digital assets, CUNA wrote to the agency Wednesday in response to an agency Request for Information on digital assets and related [...]
Credit unions have great need of training solutions at a moment in time when new staff are being brought on board frequently, thanks to a national job-churn trend sparked by reaction to the pandemic. “The [...]
The Consumer Financial Protection Bureau (CFPB) missed many opportunities in its first decade of existence to leverage the credit union mission for consumers, CUNA wrote Tuesday, adding that new CFPB leadership can recalibrate this approach. [...]
The expanded Internal Revenue Service (IRS) reporting proposal should be withdrawn and the administration should look at more targeted methods of tax enforcement, CUNA and other organizations wrote President Joe Biden Monday. “Our members, and [...]
