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Otsuka committee vote, appropriations bills scheduled this week

The House and Senate are in Washington, D.C., this week, with both considering appropriations legislation on their respective chamber floors. The Senate Banking Committee will on vote on several nominations Tuesday, including Tanya Otsuka to serve on the NCUA board.

Policy & Issues

CUNA responds to bank attack during hearing on military financial inclusion

CUNA President/CEO Jim Nussle cited a Department of Defense report in response to to a military banking association mention of credit unions during written testimony during a Senate hearing last week, noting the claims counter the results of a 2022 study requested by the House of Representatives and released by the DoD.

Building a diverse workforce from the STEM up

Policy & Issues

NCUA’s Hood lauds growth of DEI Summit, industry progress

NCUA Board Member Rodney E. Hood celebrated the significant evolution of the event and the ongoing commitment of the credit union community to DEI principles Thursday at NCUA’s 2023 Diversity, Equity, and Inclusion Summit.

Policy & Issues

CDFI Fund tells FIs to prepare for FY24 funding round

The CDFI Fund announced this week the FY2024 funding round will open later this fall. According to the CDFI Fund, the FY 2024 round will consist of funding provided under the Consolidated Appropriations Act, 2023 and “forthcoming FY 2024 appropriations.”

Policy & Issues

NTIA allows credit union participation in rural broadband grant program

Credit unions are eligible to participate the Broadband Equity, Access, and Deployment program, a $42.5 billion program to expand high-speech internet access, under a waiver issued this week by the National Telecommunications and Information Administration.

Policy & Issues

CU-backed legislation would remove restrictions to veterans business lending

Congress should support legislation to increase credit union lending to veteran-owned businesses, CUNA wrote to a Senate, committee for its hearing on financial services to veterans, the the Veteran Member Business Loan Act (S. 539).

February Subscriber Exclusives address security

Policy & Issues

CISA kicks off 2023 Critical Infrastructure Security and Resilience Month

The Cybersecurity and Infrastructure Security Agency kicked off the 2023 Critical Infrastructure Security and Resilience Month Wednesday, the agency’s annual effort focused on educating the public about the vital role critical infrastructure plays in the nation’s security.

Policy & Issues

CUNA rebuts merchant interchange bill claims in message to Congress

The proposed changes to credit card interchange in the big box interchange bill are a big concern for credit unions in how it would impact the 137 million members they serve nationwide, CUNA wrote to all members of Congress Tuesday.

Policy & Issues

NCUA, CDFI Fund to host webinar on small dollar lending program

Credit unions interested in the Community Development Financial Institutions (CDFI) Fund Small Dollar Loan Program can get valuable information on a Nov. 8 webinar hosted by CDFI Fund and NCUA, scheduled to begin at 2 p.m. ET.

Policy & Issues

Rep. Blumenauer announces he will not seek re-election

Rep. Earl Blumenauer, D-Ore., announced he will not seek re-election in 2024. Blumenauer has served in Congress since 1996 and has supported numerous credit union priorities during his career, including the SAFE Banking Act and expanded member business lending authority.

Rock Stars 2023

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.

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Otsuka committee vote, appropriations bills scheduled this week

CUNA responds to bank attack during hearing on military financial inclusion

NCUA’s Hood lauds growth of DEI Summit, industry progress

CDFI Fund tells FIs to prepare for FY24 funding round

NTIA allows credit union participation in rural broadband grant program

CU-backed legislation would remove restrictions to veterans business lending

CISA kicks off 2023 Critical Infrastructure Security and Resilience Month

CUNA rebuts merchant interchange bill claims in message to Congress

NCUA, CDFI Fund to host webinar on small dollar lending program

Rep. Blumenauer announces he will not seek re-election

Rock Stars 2023

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