CUNA Chief Economist Mike Schenk recognized NCUA’s continuing improvements in its budget process Wednesday while presenting at NCUA’s budget briefing. The NCUA’s proposed 2019 operating budget is $304.4 million.
Credit Union Legislative Action Council, the federal PAC of CUNA, is launching its first round of independent expenditures for the 2018 midterm election cycle. The IEs are being launched in various stages throughout the week.
The National Cooperative Business Association CLUSA International will host its annual Co-op IMPACT Conference Oct. 3 through 5, providing platform to explore how co-ops are creating opportunities for broader and more sustainable economic growth.
The House Wednesday passed the conference report to a “minibus” bill that includes a continuing resolution to fund the government through Dec. 7. The federal government is scheduled to shut down Oct. 1 if the bill is not signed.
The Bureau of Consumer Financial Protection, in collaboration with 11 financial regulators and related organizations, seeks comments regarding a consultation document on a Global Financial Innovation Network, due by Oct. 14.
NCUA posted its proposed 2019-2020 budget Thursday and scheduled a budget briefing for Oct. 17. The agency will be accepting comments Oct. 26 and the board is scheduled to vote on the final budget Nov. 15.
Thirty-one young credit union professionals started their week in Washington, D.C. Monday hearing firsthand about the importance of credit union advocacy. CUNA’s young professionals’ advocacy training sessions were geared around the fall “Hike the Hill” visits.
More than 200 credit union leaders representing California, Iowa, Kentucky, Michigan, Minnesota, Nevada, Ohio, Vermont, West Virginia and Wisconsin are in Washington, D.C. this week to talk credit union issues with policymakers.
Current laws and examination practices ensure that credit unions members private information is properly protected, CUNA wrote Tuesday to the Senate Commerce Committee for the record of its hearing on data security.
While World Council of Credit Unions does not support a requirement for credit unions to obtain “Legal Entity Identifiers” it sees some potential value in encouraging increased use of this system, it wrote last week.
CUNA and the Leagues are encouraging credit unions to share stories about how their lending activities have made positive differences in the communities they serve. Stories can be submitted to CUSocialGood.com.