NCUA will enter the third phase (Phase 3) of resuming its onsite operations on October 17, according to a Letter to Credit Unions (22-CU-11) issued this week. Onsite examination and supervision activity will resume in all locations under Phase 3. 

With the goal of facilitating effective and inclusive employment solutions for migrants, refugees and local residents, the United States Agency for International Development (USAID), World Council of Credit Unions’ (WOCCU) Economic Inclusion Project (EIP), the Ecuadorian Ministry of Labor, CONQUITO and Program Sin Fronteras have joined efforts to develop “The Guide for the Hiring of Human Talent in Ecuador.”

Federally insured credit unions experienced continued growth in assets, shares and deposits, and loans outstanding over the year ending in the second quarter of 2022, according to the latest Quarterly U.S. Map Review, released Tuesday by NCUA.

CUNA, the Defense Credit Union Council (DCUC) and the National Association of Federally-Insured Credit Unions (NAFCU) sent a letter to Senate Armed Services Committee leadership regarding potential provisions to the National Defense Authorization Act (NDAA) for the Fiscal Year 2023.

State Employees’ Credit Union (SECU) announced its $300,000 commitment to Worldwide Foundation for Credit Unions’ (WFCU) Global Bridges program.

The House and Senate are both in Washington, D.C., this week. The House Financial Services Committee and Senate Banking, Housing and Urban Affairs Committee will conduct hearings with the CEOs of the largest banks.

Reps. Peter Welch, D-Vt., and Lance Gooden, R-Texas, introduced the House version of the Credit Card Competition Act Monday. CUNA, Leagues, and credit unions strongly oppose the bill, which would allow merchants to route payments through an unaffiliated network.

Sen. Alex Padilla, D-Calif., introduced the CUNA and League-led Expanding Financial Access for Underserved Communities Act. The bill—which represents the most significant modernization of the Federal Credit Union Act since 1998—passed the House in June as part of a larger legislative package.

The Virginia Credit Union League and leaders from 12 member credit unions met with CFPB Director Rohit Chopra and Senior Policy Advisor Charles Johanek to discuss regulatory priorities and how credit unions' ability to serve members is affected by an ever-evolving regulatory landscape.

Confusion over Community Development Financial Institution (CDFI) certification for credit unions is costing communities in need valuable resources, CUNA President/CEO Jim Nussle wrote in Credit Union Times.