The credit union movement’s brightest finance stars were recognized during an awards luncheon ceremony during the CUNA Finance Council Conference, May 21-24, in Anaheim California.
Credit union loans outstanding increased 0.7% in April, compared to a 0.8% increase in March 2023, and a 1.7% increase in April 2022, according to CUNA’s latest Monthly Credit Union Estimates.
The Cybersecurity and Infrastructure Security Agency issued Progress Software Releases Security Advisory for MOVEit Transfer, a Cybersecurity Alert addressing a critical vulnerability that affects the MOVEit Transfer web application. This vulnerability is known as CVE-2023-34362.
The June edition of CUNA’s Auto Lending Monthly Report contains updated data from Equifax, which revised the historical data going back to 2005. The revision affected the total outstanding balances and originations for banks and auto finance companies, but no changes were made to credit union originated loans.
Federal financial institution regulatory agencies today jointly issued a final policy statement on commercial real estate loan accommodations and workouts. CUNA supported the proposed policy statement in comments filed last October, noting it is a “thorough and well-supported update to existing guidance.”
CUNA supports NCUA’s commitment to continually reviewing its regulations, CUNA wrote in response to NCUA’s annual review of one-third of its regulations, also providing suggestions on how to streamline, clarify or otherwise improve regulatory requirements in the regulations covered by the review.
Credit Union Rock Stars are outstanding credit union professionals and directors from a wide range of disciplines who inspire and innovate to advance the missions of their credit unions. The 25 members of the 11th class of Rock Stars were selected for their exceptional creativity, innovation, and passion.