Total loans outstanding in federally insured credit unions increased $132 billion, or 9.1%, over the year ending in the third quarter of 2023, to $1.59 trillion, according to the latest financial performance data [...]
The Federal Housing Finance Agency (FHFA) released a report outlining roughly 50 recommendations for the Federal Home Loan Bank (FHLB) System. One recommendation that’s particularly relevant concerns the types of collateral credit unions can [...]
America’s credit unions play an integral role in helping working families achieve homeownership, CUNA and NAFCU wrote to a House Financial Services subcommittee in advance of its hearing on housing affordability. “Credit unions support [...]
Rep. Patrick McHenry, R-N.C., announced Tuesday he will not seek re-election in 2024. McHenry has served in Congress since 2005 and has chaired the House Financial Services Committee since January 2023. “Rep. McHenry has [...]
Chartway Credit Union President/CEO Brian Schools, who will chair the transition board of America's Credit Unions, wrote that credit unions are the best friend a consumer can have when it comes to securing a [...]
The House passed a resolution of disapproval for the Consumer Financial Protection Bureau’s section 1071 rule Friday. The Senate passed the resolution in October and it will now head to President Joe Biden’s [...]
We’re continuing the pressure against the big box interchange bill as Congress heads into the final weeks before the holiday break. Credit unions have known since before the Durbin Amendment that government price controls [...]
CUNA Vice President of Diversity, Equity, and Inclusion (DEI) Samira Salem hosted a panel discussion Thursday on the present and future of DEI, part of United in Sustainability’s sixth annual summit for credit unions. [...]
CUNA is concerned the Department of Labor’s overtime proposal—while it attempts to strike a balance between the 2016 and 2019 overtime rules—will have negative impacts on credit unions in rural and low-cost [...]
CUNA and NAFCU suggested principles the Consumer Financial Protection Bureau (CFPB) should operate under and made other recommendations on the CFPB's structure, rulemaking, and more in a letter sent to the House Financial Services Committee [...]
CUNA, NAFCU, and other financial services organizations requested the Federal Reserve extend the deadline for its interchange proposal by at least 90 days in a letter sent Wednesday. The Fed proposed the changes at an [...]
I’m thankful to be part of a movement that does so much good for so many. I’m thankful for your support of America’s Credit Unions and belief in this new organization. I’[...]
CUNA Chief Economist Mike Schenk discusses loan delinquency trends in America in this month’s Economic Update, and breaks down current metrics such as household debt as a percent of disposable income and the financial [...]
It's imperative to separate the sensational misconceptions when it comes to overdraft, writes California and Nevada Credit Union Leagues President/CEO Diana Dykstra. Contrary to the distorted portrayals by guest commentators and consumer “advocates” in [...]
CUNA and NAFCU wrote to Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra urging the bureau to issue an Advance Notice of Proposed Rulemaking (ANPM) before it published its Notice of Proposed Rulemaking on the [...]
