Credit union loans outstanding increased 2.4% in June, according to CUNA's latest Monthly Credit Union Estimates. Home equity loans led loan growth during the month rising 5%, followed by adjustable-rate mortgage loans (5%), other loans (4.3%), and unsecured personal loans (4.1%).
The FCC should avoid imposing excessive restrictions on “non-conversational traffic,” CUNA and other organizations wrote in response to a proposal involving methods to target and eliminate unlawful robocalls.
Credit union champions won their primary races in Hawaii Saturday and Alaska Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 279 credit union champions with a 96% success rate this election cycle.
A $100,000 loan reimbursement program made possible by Worldwide Foundation for Credit Unions’ (WFCU) Ukrainian Credit Union Displacement Fund has already provided targeted aid to 100 farmers facing a food security crisis brought on by Russia’s full-scale war in Ukraine.
The cumulative regulatory burden on credit unions is near an all-time high, though it has slowed recently, CUNA wrote to NCUA Monday in response to NCUA’s annual review of one-third of its regulations, this year’s covered parts 700 to 710.
CUNA, Leagues, and credit unions engaged with hundreds of state lawmakers from around the country over the last few weeks at the American Legislative Exchange Council (ALEC) in Atlanta and the National Conference of State Legislatures (NCSL) in Denver.
CUNA and organizations filed an amicus brief this week in the 11th Circuit Court of Appeals stating the text, structure, history, and purpose of the Fair Credit Reporting Act demonstrate its applications to matters of factual accuracy, not legal disputes.
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.