The Mountain West and Northwest Credit Unions Associations completed their merger Thursday. forming a new six-state Association poised to advance and elevate the collective credit union voice. The new name, logo, and branding will be revealed Tuesday, July 5.
CUNA wrote to the House Financial Services Committee Wednesday on several legislative proposals for a hearing on the long-term impact of high housing costs, noting credit unions’ interest in their members’ financial well-being and advancing the communities they serve is of "paramount importance."
Funding the U.S. Agency for International Development’s (USAID) Cooperative Development Program (CDP) at $50 million for FY23 would build capacity for cooperatives around the world, CUNA wrote to House Appropriations Committee leadership Wednesday.
Credit union champions won in primaries in several states and a special election in Nebraska Tuesday. Credit Union Legislative Action Council (CULAC) and state Leagues have backed 213 credit union champions this cycle with a 98% success rate.
CDFI credit unions have until August 23 to apply for grants under the CDFI Fund’s Equitable Recovery Program. The CDFI Fund is making $1.73 billion available to serve communities that better access to financial services and were disproportionately affected by the COVID-19 pandemic.
Data on 2021 mortgage lending transactions reported by 4,338 U.S. financial institutions under the Home Mortgage Disclosure Act (HMDA) is available, including information on 23.3 million home loan applications.
The House Appropriations Committee is expected to mark up the FY23 State, Foreign Operations, and Related Programs and Interior, Environment, and Related Agencies Appropriations bill starting Wednesday.
The CFPB should extend the comment deadline on its advance notice of proposed rulemaking on credit card late fees and late payments by 60 days, CUNA wrote, as the ANPR issued last week has a 30-day comment deadline.
The House Financial Services Committee advanced two CUNA-supported bills Thursday: the Close the ILC Loophole Act (H.R. 5912) and Downpayment Toward Equity Act of 2021 (H.R. 4495). CUNA wrote in support of both bills prior to the committee’ markup.
A House Energy and Commerce subcommittee passed a CUNA-supported bill to authorize the use of remote online notarization and create national standards and protections for its use by a unanimous 22-0 vote Thursday.
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.