The Small Business Administration, in consultation with the Treasury, will re-open the Paycheck Protection Program (PPP) loan portal to PPP-eligible lenders with $1 billion or less in assets for First and Second Draw applications January [...]
The theme of 2021 National Credit Union Youth Month, which occurs in April, is “Be a credit union saver and your savings will never go extinct.” “National Credit Union Youth Month is a vehicle for [...]
CUNA and the African-American Credit Union Coalition (AACUC) announced a strategic alliance to further diversity, equity and inclusion (DEI) within the credit union movement. The collaboration agreement focuses on a scholarship program and an online [...]
2020 was certainly not an easy year. But years like that—where our members are at financial risk and our communities are struggling—are when the credit union mission and model shine. Not only did [...]
The U.S. Small Business Administration (SBA) and Treasury Department announced the Paycheck Protection Program (PPP) will re-open the week of Jan. 11 for new borrowers and certain existing PPP borrowers. To promote access to [...]
Columbia CU, Vancouver, Wash., announced at the end of 2020 it made a $15,000 donation to a nonprofit pediatric therapy clinic and $17,100 donation to local veterans’ groups. The $15,000 grant donation [...]
When Jordan van Rijn looks back at 2020, what stands out most is how quickly the economy is recovering following dramatic declines in gross domestic product and skyrocketing unemployment due to the pandemic. While the [...]
The NCUA board will propose a risk-based net worth rule to raise the asset threshold for defining a credit union as complex, among other items, at its Jan. 14 meeting agenda. The board will also [...]
As the scope of the SolarWinds cyberattack is still being explored, CUNA’s compliance staff examine what credit unions can do next in a recent CompBlog entry. The attack affected an estimated 18,000 SolarWinds [...]
CUNA continued to advance its 2021 advocacy agenda with a communication to all 535 Congressional offices sent early this week. CUNA Chief Advocacy Officer Ryan Donovan reminded Congress that America’s credit unions are committed [...]
It is critical for federal regulators, including the Consumer Financial Protection Bureau (CFPB), to appreciate the significant differences in the appropriate role of regulations and of guidance, CUNA wrote Monday. The letter was sent to [...]
After more than 40 years with First Missouri Credit Union in St. Louis, President/CEO Steve Ogolin plans to retire in January. During his tenure, Ogolin ushered First Missouri through a name change from St. [...]
All rules and guidance for any Paycheck Protection Program (PPP) enhancements be issued and finalized before the program goes into effect, CUNA and other organizations wrote to Treasury and Small Business Administration (SBA) leaders Wednesday. [...]
CUNA announces its new CUNA Agile Marketing eSchool to guide credit union marketers on methods to grow their credit unions with nimble and effective teams. “Agile, in the marketing environment, means using data and analytics [...]
Financial services employees should be included in Phase 1c of COVID-19 vaccination, a Center for Disease Control and Prevention panel voted Sunday. The presentation from the ACIP COVID-19 Vaccines Work Group covers phased allocations of [...]
