OMNI Community Credit Union awarded a “Give Back” grant to a local shelter organization, S.A.F.E Place, which helps thousands of domestic abuse victims and their children.
The $5,000 grant helps the shelter provide services to victims at no cost.
“S.A.F.E. Place is an organization that is invaluable,” says Ted Parsons, CEO of OMNI Community Credit Union, Battle Creek, Mich. “Helping domestic violence victims by giving them the peace of mind that they are safe and don’t have to worry about money at such a difficult time is vital. We are proud to be given the opportunity to help these families.”
CUNA compliance staff recently responded to a query if credit unions are required to disclose the numerical value of the military annual percentage rate to borrowers covered under the Military Lending Act.
Following its groundbreaking comprehensive study on regulatory burden, CUNA released its new Regulatory Burden Calculator that allows individual credit unions to assess the impact of regulation on their operations.
After months of advocacy by CUNA, the CFPB Thursday wrote to CUNA announcing it will initiate a rulemaking this summer to address issues with the bureau’s Truth in Lending Act-Real Estate Settlement Procedures Act integrated disclosures rule.