The median growth rate in loans outstanding and membership at federally insured credit unions was positive over the year ending in the second quarter of 2023, according to the latest Quarterly U.S. Map Review released Wednesday by NCUA.
CUNA offices in Madison, Wis., and Washington, D.C., will be closed Friday, Dec. 22 and Monday, Dec. 25, in observance of the Christmas holiday. There will be no Daily newsletter Dec. 22 to Jan. 2 unless breaking news occurs.
Credit union loans outstanding increased 0.4% in October, compared to a 0.5% increase in September of 2023 and a 1.2% increase in October of 2022, according to thelatest Monthly Credit Union Estimates.
A rate cap bill introduced by Sen. Jack Reed, D-RI is raising concerns about its potentialnegative impact on consumers who need access to small dollar loans.
With a focus on the American Association of Credit Union Leagues’ recently updated mission, vision, and strategic pillars, credit union system leaders gathered in California this month for the 2023 AACUL Winter Conference.
Rep. Andy Barr, R-Ky., introduced a CUNA-supported bill that will rein-in the Consumer Financial Protection Bureau’s abuse of its authority to oversee unfair, deceptive, and abusive acts and practices, known as UDAAP.
The NCUA Board adopted a final 2024-2025 budget at its Thursday meeting. The approved budget isroughly $8.8 million lower than the proposed 2024 budget.
The 2022 Credit Union Diversity Self-Assessment Results Report is now available. In 2022, 481, or 10% of all credit unions, submitted a self-assessment. The figure represents an all-time high for submissions to the NCUA.