Legislation from Rep. Mike Gallagher (R-Wis.) would establish a Department of Education grant program encouraging K-12 schools to offer financial literacy programs and aligns with credit unions' mission to improve the financial well-being of members.
The National Credit Union Foundation has been working closely with the California and Nevada Credit Union Leagues, Louisiana Credit Union League, and the Cornerstone Credit Union Foundation to evaluate the disaster relief needs of credit union employees and volunteers In response to the California Wildfires and Hurricane Laura
President Donald Trump announced Monday the nomination of Kyle Hauptman to the NCUA board. He is currently an advisor for Sen. Tom Cotton (R-Ark.) on economic policy and staff director of the Senate Banking Committee’s subcommittee on economic policy.
CUNA Chief Advocacy Officer Ryan Donovan gave an update on the latest phase of COVID-19 relief legislation, among other topics in his Advocacy Update video for this week. Both chambers of Congress are in session this week.
NCUA Chairman Rodney Hood responded to CUNA/League concerns about the effects of the coronavirus outbreak Tuesday following a meeting with CUNA President/CEO Jim Nussle, expressing expressing appreciation for the work that credit unions are doing for communities.
The NCUA board issued a corporate credit union proposal, adopted a final interagency policy statement on the CECL standard at its Thursday meeting, in addition to hearing briefings on credit union mortgage rates and the NCUSIF.
More than 5,000 credit union professionals will be in Washington, D.C. next week for CUNA’s GAC and CUNA Chief Advocacy Officer Ryan Donovan told Congress they are looking forward to meeting with policymakers on ways to advance communities.