The 2017 America’s Credit Union Conference will host a giveback event to support Children’s Miracle Network Hospitals in Las Vegas June 25. Attendees will assemble away-from-home kits parents can use during unexpected overnight hospital stays with children who are battling illnesses.
Credit Union Financial Exchange (CUFX), CUNA Technology Council’s open-source vendor agnostic integration standard for the credit union industry, released version 3.3 that includes more than 30 updates.
National Credit Union Youth Month’s savings challenge railed young members to deposit $16.8 million in their credit union accounts this April—double the amount deposited during the challenge last year.
The National Credit Union Foundation board of directors has elected John Sackett, board treasurer of Royal Credit Union, Eau Claire, Wis., to its board. The CUNA board of directors recently designated Sackett, a CUNA board member, as a CUNA board representative on the Foundation board.
The 2017 CUNA Technology Council Conference and CUNA Operations, Sales & Service Council Conference will be held Oct. 1-4 and co-located in Phoenix. The conferences provide a venue for professionals in both fields to connect with peers, find approaches to emerging challenges and discover ways to innovate at their credit unions.
As expected, credit union savings balances grew at a brisk pace in March, according to CUNA’s Monthly Credit Union Estimates. “Overall balances increased by 2.6% in the month--an astounding 31.2% annualized gain and the fastest monthly increase in five years,” said CUNA Senior Economist Mike Schenk. The March increase was a bit faster than February’s gain but the more recent month ended on a Friday so it reflects big payday deposits.
CUNA’s compliance staff was recently asked about a garnishment order for a member’s that receives federal benefits. The credit union determined the member did not have enough and the member asked the order be paid in full using those funds.