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Mortgage subservicing: What is it, and how can it work for my CU?

CUNA highlights potential challenges in ROV guidance

CUNA commended federal regulators for undertaking efforts to provide regulated entities with guidance on integrating reconsiderations of value (ROV) into their appraisal processes in comments filed Tuesday but noted two parts of the proposal could be challenging for credit unions to implement

Policy & Issues

Registration open for 2024 Governmental Affairs Conference

Registration is now open for the Governmental Affairs Conference (GAC). The annual conference will be held at the Walter E. Washington Convention Center in Washington, D.C., and online, March 3 – 7, 2024.

Policy & Issues

Credit union loans outstanding increased 0.7% in July

Credit union loans outstanding increased 0.7% in July, compared to a 0.7% increase in June of 2023 and a 1.6% increase in July of 2022, according to CUNA's latest Monthly Credit Union Estimates. Home equity loans led loan growth during the month, rising 2.9%.

Policy & Issues

Rep. Wexton announces she will not seek re-election

Rep. Jennifer Wexton, D-Va., announced Monday she will not seek re-election in 2024. Wexton—who has served in Congress since 2019—opposed expanded Internal Revenue Service reporting requirements in October 2021, and co-sponsored the SAFE Banking Act, which would provide a safe harbor for financial institutions serving legal cannabis businesses.

Policy & Issues

Government funding, CBDC bill markup in Congress this week

The Senate will resume consideration of a “minibus” legislative package to fund the federal government past Sept. 30. Sponsors of the big box interchange bill have filed it as an amendment to the funding legislation. The House Financial Services Committee will also conduct a markup of legislation relating to the issuance of a central bank digital currency.

Policy & Issues

Credit unions continue interchange bill amendment opposition

CUNA continues its efforts to prevent the big box interchange bill from being attached to other legislation with a letter to Congressional leaders Friday. Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kan., are attempting to attach the bill to the Senate “minibus” government funding bill (H.R. 4366).

Policy & Issues

Leagues, credit unions advocate during Capitol Hill visits

Seven state Leagues and Associations representing credit unions from 10 states were in Washington, D.C., this week to advocate for credit union priorities. Visitors met with legislators, regulators, and CUNA staff during their visits.

Policy & Issues

NCUA releases Q2 2023 state-level credit union data report

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, while the growth rate in assets and shares and deposits was negative at the median, according to the latest Quarterly U.S. Map Review released by NCUA.

Policy & Issues

NCUA board to vote on final loan participation rule Sept. 21

The NCUA board will vote on a final loan participation rule and hear a quarterly update on the National Credit Union Share Insurance Fund at its Sept. 21 board meeting.

A path to digital—a lesson in leadership

Policy & Issues

Potential CBDC benefits do not outweigh potential risks

A central bank digital currency (CBDC) would be a “fundamental transformation” of banking and payments and poses serious risks, CUNA wrote to a House Financial Services subcommittee Thursday, listing cornerstone principles that should be part of any CBDC consideration.

Winter 2023

The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.

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Policy & Issues
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CUNA highlights potential challenges in ROV guidance

Registration open for 2024 Governmental Affairs Conference

Credit union loans outstanding increased 0.7% in July

Rep. Wexton announces she will not seek re-election

Government funding, CBDC bill markup in Congress this week

Credit unions continue interchange bill amendment opposition

Leagues, credit unions advocate during Capitol Hill visits

NCUA releases Q2 2023 state-level credit union data report

NCUA board to vote on final loan participation rule Sept. 21

Potential CBDC benefits do not outweigh potential risks

Winter 2023

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