The need for regulatory relief--and credit unions’ continued ability to provide local-based financial services to their communities--were the focus of a meeting with Sen. Jon Tester (D-Mont.) and advocates from 4 Montana credit unions on Thursday.
Virtual lending to millennials will be critical to the future success and sustainability of credit unions, but it’s important to be cognizant of the growing risks posed by expanding online channels and take steps to mitigate them, CUNA Mutual Group’s Jim Bullard told a Discovery Conference audience Thursday.
CUNA Councils has officially launched its 2017 All In campaign. Started in 2015, the annual campaign encourages credit union to unlock the full value of CUNA Councils by signing up one credit union profession for each council.
The Financial CHOICE Act gives Congress an opportunity to provide credit unions with relief from the regulatory scrutiny of the Consumer Financial Protection Bureau, Diana Dkykstra, president/CEO of the California and Nevada Credit Union Leagues wrote in an opinion-editorial published in the East Bay Times.
Composed of largely the same lineup from last year, the new CUNA CFO Council executive committee features one departure: Suzanne Weinstein, CEO, Orlando (Fla.) FCU, is leaving her seat after completing her term.
CUNA Essential Management Skills eSchool, an online training series that teaches the core skills required for successful credit union management, will be held daily in 1- to 2-hour segments, Oct. 23-27.
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.
CUNA’s final rule analysis of the CFPB changes to the TRID rule is now available. The rule, published in the Federal Register this week is effective Oct. 10, with a mandatory compliance date of Oct. 1, 2018.
While proposed changes to the CFPB prepaid accounts rule provide some clarity, it will not be helpful for most prepaid card users and CUNA remains opposed to the rule’s application of Regulation Z to certain prepaid cards.