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SBA programs should continue as public-private partnerships

Credit unions oppose any legislation that would remove financial institutions from their direct relationship with borrowers by allowing the SBA to lend directly to small businesses, as the SBA is likely to harm local financial institutions’ relationships if it was a direct lender.

Policy & Issues

Increased IRS reporting ‘risky and unnecessary’ for consumers

CUNA urged Joint Economic Committee leadership to take a “close look at the dangers” of proposed increased Internal Revenue Service reporting requirements, as the committee met Wednesday to discuss various funding measure for pending reconciliation legislation.

Policy & Issues

Increased broadband access will help CUs fulfill mission

Rural and underserved communities need access to a trusted, local financial partner, and significant bank branch consolidation over the last 15 years has resulted in credit unions increasingly left as the local financial institution of record in local communities.

Policy & Issues

Postal banking pilot program brings ‘grave reservations’

Credit unions strongly support—and are diligently working on—expanding financial inclusion, but CUNA has “grave reservations” about efforts of the USPS to provide banking services, especially as credit unions can generally offer these services with more options at a lower cost.

Policy & Issues

NCUA to host Oct. 21 webinar on pathways to account access

NCUA will host a webinar, “Pathways to Safe and Affordable Account Access for Consumers,” Oct. 21 in recognition of International Credit Union Day. Registration is now open for the webinar, which is scheduled to begin at 2 p.m. ET.

Policy & Issues

Ginnie Mae nominee, infrastructure funding hearings this week

The Senate Banking, Housing, and Urban Affairs Committee will hear testimony from President Joe Biden’s nominee to lead Ginnie Mae, and there will be a Joint Economic Committee meeting on funding the Build Back Better Act this week.

Policy & Issues

MWCUA’s Earl: Increased IRS reporting ‘bad for consumers’

Increased financial institution reporting to the IRS is bad for consumers, Mountain West Credit Union Association President/CEO Scott Earl wrote in AZCentral in response proposed language to require the additional reporting.

Policy & Issues

Kebede updates economic forecast, looks through end of 2021

CUNA Senior Economist Dawit Kebede gives an update to the previous June forecast in this month's Economic Update, as well as a run-down of some key figures heading into the fourth quarter of 2021 and the historic low charge-off rate in the second quarter.

Policy & Issues

House bill introduced to prohibit increased IRS reporting

A CUNA-supported House bill was introduced Friday that would prohibit implementation of any expanded Internal Revenue Service (IRS) financial institution reporting requirements. The bill follows a Senate companion bill introduced last week.

Policy & Issues

Leagues, credit unions engage with policymakers during hill visits

Ten Leagues representing credit unions from 15 states have met with policymakers in-person and virtually over the past two weeks, part of credit unions’ fall advocacy efforts. In addition to members of Congress, many Leagues and credit unions met with staff at NCUA, CFPB, and others.

Fall 2023

Credit Union Magazine’s Fall 2023 issue examines how artificial intelligence is shaping marketing, strategies to improve cyber hygiene and overall cybersecurity, the need to employ risk management to address inflation and its impacts, new approaches to board recruiting, and NCUA’s top supervisory priorities.

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Policy & Issues
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SBA programs should continue as public-private partnerships

Increased IRS reporting ‘risky and unnecessary’ for consumers

Increased broadband access will help CUs fulfill mission

Postal banking pilot program brings ‘grave reservations’

NCUA to host Oct. 21 webinar on pathways to account access

Ginnie Mae nominee, infrastructure funding hearings this week

MWCUA’s Earl: Increased IRS reporting ‘bad for consumers’

Kebede updates economic forecast, looks through end of 2021

House bill introduced to prohibit increased IRS reporting

Leagues, credit unions engage with policymakers during hill visits

Fall 2023

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