Press

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Simplified CECL tool updated for June 30, 2023

ALEXANDRIA, VA (June 26, 2023) — The National Credit Union Administration released the June 2023 update of its Simplified CECL Tool today. The update includes the latest life-of-loan, or Weighted Average Remaining Maturity, factors and additional minor enhancements. CECL became effective January 1, 2023, for ...

CUES selects Heather McKissick as next CEO after North American wide search

MADISON, WI (June 26, 2023) — CUES has selected Heather McKissick to serve as its next CEO after a North American wide search facilitated by DDJ Myers, the well-known executive search and leadership development firm. McKissick is an International Credit Union Development Educator (I-CUDE) and ...

Reminder: 2023 CDRLF grant round closes Friday, June 30

ALEXANDRIA, VA (June 26, 2023) — Low-income and MDI credit unions have four more days to submit applications for Community Development Revolving Loan Fund grants. All the necessary information a credit union needs to apply is available on the Grants page of the agency’s ...

Teachers Credit Union is now Everwise Credit Union

SOUTH BEND, IN (June 26, 2023) — Teachers Credit Union (TCU), the largest credit union in Indiana, today officially transitioned to Everwise Credit Union. The new name, brand, logo, and tagline better reflects the credit union’s mission to empower and serve all people and ...

Ascend Federal Credit Union awards $25,000 in academic scholarships

TULLAHOMA, TN (June 23, 2023) — Ascend Federal Credit Union, the largest credit union in Middle Tennessee, announced today that it has awarded $2,500 scholarships to 10 members. This is the 21st consecutive year Ascend has supported the ambitions of its members to further ...

Leominster Credit Union donates books to local organizations

LEOMINSTER, MA (June 23, 2023) — Leominster Credit Union has proudly participated in Children’s Book Month for over 20 years, an annual event sponsored by the Cooperative Credit Union Association. During the month of April, donations of new and gently used children’s books ...

TTCU holds ribbon cutting for new flagship branch

TULSA, OK (June 23, 2023) — TTCU Federal Credit Union hosted a ribbon cutting for its new flagship branch on June 23, inviting long-time members, community supporters and employees. Located at 3720 E. 31st St., this modern branch will replace the building currently on site. “...

Genisys Credit Union named a Best Credit Union in Michigan by Forbes

AUBURN HILLS, MI (June 23, 2023) — Genisys Credit Union received recognition as a Best Credit Union in Michigan on Forbes’ annual “America’s Best-In-State Credit Unions” list for the fourth consecutive year. “To our members, my deepest gratitude for your support in allowing Genisys ...

Sikorsky Credit Union donates backpacks for children’s summer camp

STRATFORD, CT (June 23, 2023) — Sikorsky Credit Union donated 400 string backpacks to the Sterling House Community Center for kids attending their summer camp program. For the last decade, Sikorsky Credit Union has donated string backpacks to the summer camp program at Sterling House ...

Inclusiv supports fully funding the CDFI Fund

Yesterday, the U.S. House of Representatives Financial Services and General Government Appropriations Subcommittee held a markup to consider the FY24 Appropriations bill. This bill would slash funding to critical programs like the Community Development Financial Institutions (CDFI) Fund that provides vital funding to the ...

TruStage’s May 2023 Credit Union Trends Report

MADISON, WI (June 23, 2023) — The Credit Union Trends Report is a monthly "pulse check" on the state of the credit union marketplace, often placed in a historical context. The report includes data from two months prior and is published and distributed by Steven ...

LSCU announces award winners for Volunteer of the Year

TALLAHASSEE, FL (June 23, 2023) — On Thursday, June 15, 2023, the League of Southeastern Credit Unions & Affiliates (LSCU & Affiliates) presented the LSCU Awards for Volunteer of the Year at the 2023 Southeastern Credit Union Conference & Expo in Orlando, Florida. The LSCU ...

Hiway Credit Union awarded 2023 HERBIE by St. Paul Chamber

ST. PAUL, MN (June 23, 2023) — Hiway Credit Union® has been honored with the 2023 HERBIE Award (Business/Organization) by the Saint Paul Area Chamber of Commerce. Named after famed hockey coach Herb Brooks, the HERBIE award recognizes individuals and businesses who exemplify the ...

Oregon credit union-backed bill requiring financial education passes

TIGARD, OR (June 23, 2023) — Senate Bill 3, which adds a requirement for high school students to complete one half-credit of higher education and career path skills and one half-credit of personal financial education in order to receive a high school diploma has passed ...