Forty-seven credit union professionals became Credit Union Development Educators after being guided by dedicated program facilitators and mentors through the intensive Credit Union Development Education (DE) Training from the National Credit Union Foundation.
Anti-money laundering and combating the financing of terrorism compliance is an essential part of the strategic landscape used by governments fighting against threats, such as the group calling themselves the Islamic State, a U.S. Treasury official told international bankers last week.
The League of Southeastern Credit Unions is partnering with CU Strategic Planning, Tacoma, Wash., to assist Florida credit unions in the application process to become certified community development financial institutions.
Over the past weekend, the chairman of CUNA’s System Structure and Governance Task Force, Tom Dorety of Suncoast CU, Tampa, Fla., discussed with the CUNA board some initial models the Task Force is considering. The group has been meeting since last fall and commissioned several focus groups and a nationwide survey of credit unions to gather credit union feedback to inform its deliberations.
Rep. Ed Royce (R-Calif.), a longtime champion of credit unions and their members, has made an appeal to credit unions to renew their efforts to support his bill to remove the cap on member business lending, as well as other credit union initiatives.
The Kansas Legislature Tuesday overturned Gov. Sam Brownback’s veto of a bill that will better protect both credit unions that have loans on cars used by transportation network companies and the drivers themselves.
An article about the National Credit Union Administration board’s approval of a rule to limit credit unions' use of associational common bonds to add to fields of membership was the most-read News Now article in April.
Consumer Financial Protection Bureau Director Richard Cordray will step down from the agency by the end of the month after serving since 2013. CUNA President/CEO Jim Nussle said CUNA looks forward to a new era at the bureau, one that takes credit unions’ structure and purpose into account during rulemakings.