The Financial Accounting Standards Board (FASB) has issued its proposal on giving certain entities, including credit unions, additional time to implement the current expected credit loss (CECL) standard. The proposal would delay implementation of CECL [...]
Northwest credit union leaders welcomed an opportunity to meet in Olympia last week with Todd Harper, recently sworn in as a Director on the three-person board of NCUA. Rep. Denny Heck, (D-Wash.) helped to facilitate [...]
The African-American Credit Union Coalition (AACUC) recognized Maurice R. Smith as the 2019 Recipient of the AACUC Pete Crear Lifetime Achievement Award at its 21st Annual Conference in Charlotte, N.C. Smith, CEO of Local [...]
The Consumer Financial Protection Bureau (CFPB) has announced adjusted threshold amounts for several provisions in Regulation Z, which implements the Truth in Lending Act (TILA). The CFPB is required to calculate the dollar amounts for [...]
The Federal Housing Finance Agency (FHFA) has directed Fannie Mae and Freddie Mac to make specific modifications to the Uniform Residential Loan Application (URLA), including removal of a question CUNA feels could have raised legal [...]
Credit unions need to work together for the good of the movement, embracing collaboration as our “superpower,” says CUNA President/CEO Jim Nussle. “We do it better if we do it together,” he says. Nussle, [...]
It’s a win for consumers, their communities and their financial institution in the few scenarios when a credit union purchases a bank, League of Southeastern Credit Unions President/CEO Patrick La Pine wrote this [...]
Eighty-seven graduates of CUNA Management School, held July 14-24 in Madison, earned their Certified Credit Union Executive (CCUE) designations. Awarded after completing a three-year executive education program, as well as exams, projects and an oral [...]
Credit Union National Association (CUNA) today wrote to the Federal Trade Commission (FTC) in support of amendments to the Safeguards Rule, which requires financial institutions to develop, implement and maintain a comprehensive security program to [...]
Credit Union National Association (CUNA) witness Rachel Pross, Chief Risk Officer of MAPS Credit Union in Salem, Oregon, delivered the following oral testimony at today’s hearing in the Senate Banking Committee, titled “Challenges for [...]
Rachel Pross, Chief Risk Officer at Maps Credit Union will deliver an oral testimony tomorrow on behalf of Credit Union National Association (CUNA) at the Senate Banking Committee hearing, titled “Challenges for Cannabis and Banking: [...]
Credit Union National Association (CUNA) today released the July 2019 edition of the Economic Update, sponsored by the CUNA Finance Council. Senior Policy Analyst Samira Salem reports on recent U.S. economic growth developments, most [...]
Rachel Pross, Chief Risk Officer at MAPS Credit Union in Salem, Oregon will testify on behalf of Credit Union National Association (CUNA) at a hearing on cannabis banking, , “Challenges for Cannabis and Banking: Outside Perspectives,” [...]
The U.S. Court of Appeals for the 7th Circuit dismissed a lawsuit against Aurora Policemen Credit Union citing alleged violations of the Americans with Disabilities Act (ADA) on Monday. Credit Union National Association (CUNA) [...]
