NCUA issued a Letter to Credit Unions reminding all federally insured credit unions the final subordinated debt rule becomes effective Jan. 1, 2022, and any issuances of secondary capital not completed by then will be subject to the requirements of the final rule, with one potential exception.
Maine Credit Unions’ Campaign for Ending Hunger announced a new fundraising initiative just in time for the holidays. Throughout the months of November and December, the Campaign is encouraging people to donate to help feed a hungry Mainer.
CUNA Senior Economist Dawit Kebede said the Labor Department’s October Jobs Report shows the labor force participation rate remains constant and is 1.7 percentage points lower than pre-pandemic rates, despite declining COVID-19 cases and the federal government ending supplemental unemployment benefits.
The Illinois League Service Corporation (LSC) has been rebranded to Envisant. The new branding is designed to illuminate in a clear, distinctive way the mission and value the organization brings as a service organization to more than 2,000 credit unions across the country.
OSHA Thursday issued a new emergency temporary standard requiring covered employers develop, implement, and enforce a mandatory COVID-19 vaccination policy. All covered employees are required to either be vaccinated or commence weekly testing by Jan. 4, 2022.
Credit unions have profound interest in preserving the DoD's discretionary authority to allow credit unions to use land and space on military bases at a nominal rate, CUNA and other organizations wrote prior to expected Senate consideration of the FY2022 National Defense Authorization Act.
The CFPB conducted its Credit Union Advisory Council (CUAC) meeting Thursday, the first with the current set of members. The meeting included a discussion of the CFPB’s small business lending data proposal, age-friendly banking, and youth financial literacy.
Increasing diversity, equity, and inclusion in the credit union movement is the right thing to do and is good business, CUNA President/CEO Jim Nussle said Tuesday during NCUA’s DEI summit during a panel moderated by CUNA Vice President of DEI Samira Salem.
Data privacy and security continues to be a major concern, and credit unions call on Congress to pass a robust national data security standard that would cover all entities that collect consumer information and hold those who jeopardize that data accountable.