DEI takes center stage at 2021 World Credit Union Conference

DEI takes center stage at 2021 World Credit Union Conference

Diversity, equity, and inclusion (DEI) thought leader Raven Solomon helped credit union professionals get “future ready” in the second 2021 World Credit Union Conference (WCUC) keynote speech, which focused on generational equity. Solomon explained how [...]

UW Credit Union drops OD/NSF fees to $5

UW Credit Union drops OD/NSF fees to $5

UW Credit Union in Madison, Wis., reduced its overdraft and (OD) and nonsufficient funds (NSF) fees by more than 80%, to $5 per occurrence from $30. The $4.5 billion asset credit union says the [...]

CUNA survey seeks information on credit card costs, regulations

CUNA survey seeks information on credit card costs, regulations

As CUNA and Leagues work to ensure interchange regulations are not extended to credit card programs, CUNA seeks input from credit unions with credit card programs for its Credit Card Interchange Regulation Survey. “Being able [...]

Fed account, services access guidelines should be clear, consistent

Fed account, services access guidelines should be clear, consistent

CUNA supports the Federal Reserve Board creating “clear and consistent” guidelines for access to Reserve Bank accounts and services, it wrote Monday. CUNA’s letter is in response to proposed guidelines for evaluating requests for [...]

Credit union finance 101

Credit union finance 101

Credit union directors come from all walks of life. Some are familiar with business and financial issues, some aren't. Even if you come from a business or financial background, there's a good chance that background [...]

Sakash discusses small credit union report highlights

Sakash discusses small credit union report highlights

CUNA’s Manager of Small Credit Union Initiatives Tom Sakash spoke on CUBroadcastrecently to discuss highlights and takeaways from CUNA's recent white paper, "The State of Small Credit Unions Today." The paper, released earlier this [...]

PODCAST: Marketing in concert

PODCAST: Marketing in concert

Good marketers don’t go it alone. Instead, they collaborate to gain multiple perspectives and achieve the best possible outcomes. That approach works well for Alana Kelly, marketing manager at $365 million asset On Tap [...]

Connecticut League’s Adams talks ‘baby bonds’ bill

Connecticut League’s Adams talks ‘baby bonds’ bill

Connecticut’s “Baby Bonds” bill, which was approved by both Houses of the General Assembly and signed by the governor last month, will help the state take a major step towards breaking the cycle of [...]

CUNA white paper details state of small credit unions

CUNA white paper details state of small credit unions

CUNA’s Small Credit Union Committee published a comprehensive white paper Tuesday examining the key opportunities and challenges facing small credit unions. The State of Small Credit Unions Today outlines how cross-industry support can lead [...]

FHFA issues policy statement on fair lending

FHFA issues policy statement on fair lending

The Federal Housing Finance Agency (FHFA) issued a Policy Statement on Fair Lending communicating its "commitment to comprehensive fair lending oversight of Fannie Mae, Freddie Mac (the Enterprises), and the Federal Home Loan Banks" and [...]

Regulators should focus on appropriate AI governance

Regulators should focus on appropriate AI governance

CUNA recommends federal financial agencies continue to work with financial institutions on the use of artificial intelligence (AI) in the delivery of financial services it wrote in response to a joint agency request for information [...]

‘Disruptive’ changes to FCRA could impact financial access

‘Disruptive’ changes to FCRA could impact financial access

While the Fair Credit Reporting Act (FCRA) should be examined for necessary amendments and modernized, CUNA has concerns about the negative impact that could result from “well-intentioned but overly disruptive changes to the system. CUNA [...]