The Cooperative Credit Union Association released its latest membership impact report, highlighting how the Association, in partnership with CUNA, works protect credit union interests in Washington, D.C., and their home states.

NCUA's third annual summit focused on diversity, equity, and inclusion will take place November 2-4. The theme of this year’s event is All-In on DEI & ACCESS. ACCESS represents NCUA’s initiative for Advancing Communities through Credit, Education, Stability and Support.

Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kansas introduced the Credit Card Competition Act Thursday evening, which poses a serious threat to sensitive financial data for millions of consumers by allowing the nation’s largest retailers to bypass established secure payment networks. CUNA strongly opposes the bill.

The Federal Reserve’s actions will impact every sector of the economy as it tries to tamp down the impact of inflation, CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak told WDUN’s Martha Zoller.

CUNA Senior Economist Dawit Kebede said two consecutive quarters of GDP decline doesn't mean the U.S. economy is in a recession, as consumer spending and a strong labor market continue to be "the firewall against a significant and widespread decline in economic activity."

The Senate Appropriations Committee Thursday released its 12 fiscal year 2023 appropriation bills. The House passed six of its appropriations bills, including the FY23 Financial Services and General Government (FSGG) bill, last week.

CUNA wrote to Sens. Dick Durbin, D-Ill., and Roger Marshall, R-Kansas, Thursday in strong opposition to a bill the two are expected to introduce that would allow merchants to route payments through an unaffiliated network.

The House passed CUNA and League-backed remote online notary and Community Development Financial Institutions (CDFI) Fund improvements Wednesday evening.

CUNA Senior Economist Dawit Kebede responded to the Federal Reserve Open Market Committee's increase of the federal funds rate by 75 basis points. The FOMC also announces that it anticipates more increases in future meetings to bring inflation down to its 2 percent goal.  

The House Financial Services Committee advanced the CUNA and League-led Credit Union Board Modernization Act (H.R. 6889) Wednesday. The bill would allow boards of federally charted credit unions the flexibility to meet at minimum six times a year rather than the required 12 times a year.