The latest "100-year" economic crisis to affect the global economy, which lately seems to occur every seven to eight years,
is the Euro-Zone debt crisis. The culprit: Too much borrowing and spending during the last decade.
Robert Korthase's 37 years of work on behalf of member and youth education received recognition from the National Endowment for Financial Education (NEFE) at its first Youth Financial Education Conference last week. READ MORE
"Credit unions' sole purpose is to improve the well-being of their members and the public at large," CUNA Chairman Dave Maus told the 250 attendees of the Youth Financial Literacy Conference, which the National Endowment for Financial Education (NEFE) hosted last week. "Credit unions are proud to be associated with the High School Financial Planning Program. Our efforts, enthusiasm, and pride are rooted in our history," he declared. READ MORE
The Colorado Division of Financial Services will hold a hearing July 13th to consider the final adoption of rules that require increased documentation for the approval of credit union mergers. READ MORE
Further CUNA analysis of the U.S. Department of Labor’s overtime rule found minor relief, but CUNA remains concerned about the increased burden on credit unions. Several CUNA-suggested changes were included in the final rule.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.