CUNA Senior Economist Dawit Kebede said Labor Department’s October Employment Situation shows a slower pace in job and hourly wage increases, indicating labor market conditions might be moving in the direction the Federal Reserve wants them.
The Cooperative Credit Union Association conducted a Mental Health First Aid at Work workshop for CCUA member credit unions in partnership with the National Council for Behavioral Health for a first-of-its-kind hybrid certification program.
Credit union diversity, equity, and inclusion (DEI) efforts are part of the credit union movement, whether internally, or how credit unions serve communities, panelists said Wednesday at NCUA’s DEI Summit. CUNA Vice President of DEI Samira Salem participated in a panel on sustainable DEI in the credit union movement, and moderated a panel on DEI in leadership later in the summit.
CUNA, the American Association of Credit Union Leagues (AACUL), and Leagues wrote to NCUA board members Wednesday urging the board to ensure that creditworthy credit unions with negative tangible equity are able to “quickly and efficiently” obtain necessary written requests for advances from NCUA to the Federal Home Loan Banks (FHLBanks).
CUNA Senior Economist Dawit Kebede said the Fed's raising of the benchmark interest rate reiterates its commitment to bring inflation down to 2% but said future rate increases will consider the lag with which monetary policy affects economic activity and inflation.
NCUA released the results of the 2021 Credit Union Diversity Self-Assessment, showing 61% of responding credit unions reporting a leadership and organizational commitment to diversity and 56% reporting taking steps to implement employment practices to demonstrate that commitment.
The NCUA board released its monthly meeting schedule for 2023. No meeting is scheduled for August and the meeting schedule is subject to change. The calendar is posted to NCUA’s website and agendas are available one week in advance of each open board meeting.
Credit unions derive significant benefits from being a part of the Federal Home Loan Bank (FHLBank) system, CUNA wrote to the Federal Housing Finance Agency (FHFA) Monday. CUNA’s comments were sent to the FHFA for its comprehensive review of the Federal Home Loan Bank system.
CUNA advocacy leaders will give a first look at what’s in store for the 118th Congress Thursday, Nov. 10 during a free webinar for CUNA members. Registration is open for the webinar, which is scheduled for 2 p.m. ET Nov. 10.
CUNA submitted its written comments on NCUA’s proposed 2023-24 budget Friday, thanking NCUA for its continued transparency and engagement but noting concern as the proposed increase comes against “a backdrop of elevated financial pressure” for credit unions.
Credit Union Magazine’s Fall 2022 issue highlights credit unions’ role in cryptocurrency, the state of digital assets, cannabis banking compliance, the human side of technology implementation, and involving the board in financial discussions.