As a result of a new state law advocated by the Louisiana Credit Union League, Louisiana’s credit unions can now provide their members with prize-linked savings accounts that can help them win big bucks just for saving a few dollars.
CU Social Good, a microsite hosted by the Credit Union Association of the Dakotas (CUAD) that captures the positive impact that credit unions have in the lives of their members and their communities, accounted for $11.3 million in benefits to local communities in 2017, CUAD announced this week.
One of CUNA’s board members has recently ceased to be employed by a District 6, Class B credit union and is therefore ineligible to continue his service in that position. The board of directors has agreed to hold a special election to fill that position, which will expire at the adjournment of the Annual General Meeting in 2020.
Science is supposed to be fun, and the science of saving will be full of awesome fun for young savers during National Credit Union Youth Month, supported by Fiserv, in April. With the theme “The Science of Saving,” America’s youth are encouraged to picture themselves in the future to make saving easier.
The World Council of Credit Unions has filed a letter urging the Basel Committee on Banking Supervision to adopt the principle of proportionality for stress testing of credit unions in order to limit regulatory burden.