The CUNA Board of Directors recently approved a resolution to adjust 2021 affiliation dues to provide relief for credit unions. The adjusted dues will help credit unions continue to prioritize the needs of their employees, members and communities amid the current health and economic emergency.
CUNA President/CEO Jim Nussle joined NCUA Chairman Rodney Hood and World Council of Credit Unions President/CEO Bran Branch Monday afternoon for a discussion on the credit union role in inclusion, justice and advocacy.
CUNA will be engaged in House floor votes and several hearings in both chambers of Congress this week, including testimony from Federal Reserve and Treasury leaders, and on Paycheck Protection Program loan forgiveness.
CUNA wrote House leaders Monday to support two pieces of legislation that are expected to come up on the House floor this week, the Ensuring Diversity in Community Banking Act of 2019 and COVID-19 Fraud Prevention Act.
The Treasury’s Financial Crimes Enforcement Network issued a final rule last week amending Bank Secrecy Act/Anti-Money Laundering regulations for non-federally insured credit unions. The rule is effective Nov. 16 of this year and has a compliance date of March 15, 2021.
A recorded version of CUNA's webinar on its MAP campaign, Credit Unions Voteis available for free to CUNA members. It features a review of the Credit Unions Vote platform, an overview of current member template and review the goals of MAP.
The NCUA board passed a final real estate appraisals rule, approved an exemption from the Bank Secrecy Act’s Customer Identification Program and heard a briefing on the new MERIT Examination system at its Thursday meeting.
CUNA joined dozens of organizations Thursday to call on Congressional leaders to support House and Senate bills to forgive Paycheck Protection Program loans under $150,000. The letter cites analysis showing an effective cost of $2,000-$4,000 for each business that applies for forgiveness.
The CFPB released the names of the latest Credit Union Advisory Council members Wednesday, and as in previous iterations of the CUAC all members come from CUNA-affiliated credit unions. The CUAC advises and consults with the CFPB on consumer financial issues related to credit unions.
More than six months into the COVID-19 crisis, the credit union industry continues to face new issues, CUNA wrote to NCUA Chairman Rodney Hood Wednesday reiterating several specific concerns it is hearing from credit unions and members, and including policy recommendations.