Eligible low-income credit unions (LICUs) may accept 30-year subordinated debt investments from the Treasury’s Emergency Capital Investment Program (ECIP), as detailed in a letter to credit unions (21-CU-11) from NCUA. A LICU may treat [...]
CUNA wrote in support of a bill from Sen. Tim Scott (R-S.C.) Thursday that would prohibit implementation of increased financial institution reporting to the Internal Revenue Service (IRS), the Prohibiting IRS Financial Surveillance Act. [...]
Credit unions around the world are finding a variety of ways to recognize and celebrate International Credit Union (ICU) Day. The 73rd annual event, which started in 1948, was held on Thursday by CUNA and [...]
CUNA wrote in support of a House bill Wednesday that would prohibit implementation of increased financial institution reporting to the Internal Revenue Service (IRS), the Prohibiting IRS Financial Surveillance Act (H.R. 5586). The bill [...]
Credit unions around the world are preparing to celebrate International Credit Union (ICU) Day on Thursday, Oct. 21. The annual event, which started in 1948 and is held by CUNA and the World Council of [...]
Improved supervision and data reporting in the world’s second-most populous country combined with continued growth across the globe resulted in a 29% year-to-year increase in international credit union membership, according to World Council of [...]
The path toward becoming a chief lending officer (CLO)—no matter where you start—begins with realizing and vocalizing your intentions. “If you’re looking to make the climb, you need to communicate and be [...]
Two nominations have been received for the nine open director positions on CUNA’s Board of Directors. The deadline for nominations and seconds is Thursday, Nov. 11. In contested elections, voting will begin Nov. 12 [...]
Corporate shareholders want to see their investments grow in an organization. They look for a viable strategy, sustainable vision, and strong financial performance. When the company fails to deliver on shareholder expectations, investors may look [...]
Sixty-four participants from three states were selected to participate in the inaugural Tristate Mentor Match - a 12-month formal mentorship program developed in partnership by the Minnesota Credit Union Network, Montana’s Credit Unions and [...]
Any changes to risk-based capital requirements—including the proposed adoption of a complex credit union leverage ratio (CCULR)—requires a delay of the Jan. 1, 2022 RBC effective date, CUNA wrote to NCUA Thursday. CUNA [...]
Northwest credit unions turned out in force to raise funds for the movement’s charity of choice during the Northwest Credit Union Association’s Enchanted Northwest Gala and Auction at its MAXX 2021 convention. Attendees [...]
CUNA wrote to new Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra Tuesday highlighting several key principles that should guide future CFPB actions. Chopra was confirmed in September by the Senate to lead the CFPB. “[...]
Training in the credit union movement has changed greatly in recent years and throughout the pandemic. Trainers are expected to facilitate virtual and in-person learning across multiple branches with individuals who have varying degrees of [...]
October rates will continue to follow recent mortgage rate spikes, CUNA Chief Economist Mike Schenk said during a recent interview with Fox Business. He added mortgage rate trends are likely to continue through October. "We [...]
