Credit unions will continue to benefit from the relatively strong economy in 2019, but credit union performance could revert toward longer-term trends in coming months, according to the latest CUNA Economic and Credit Union Forecast for January 2019.
Registration is live for the next two years of CUNA Attorney’s Conference. The 2019 CUNA Attorney’s Conference will be held October 28-30 in Atlanta, and 2020’s conference will be held October 26-28 in Jackson Hole, Wyo.
Without having been asked by the government, credit unions are doing the right thing and assisting the federal workers furloughed by the federal government shutdown, CUNA wrote to Rep. Maxine Waters, chair of the House Financial Services Committee.
Partial funding for the federal government ran out as members of Congress were unable to pass legislation for funding past Dec. 21. NCUA will continue to operate through the shutdown, as it is not funded through the appropriations process.
CUNA expressed multiple concerns with CFPB data collection policies in a letter sent on Thursday, Dec. 27 in response to a request for information from the bureau on the efficiency and effectiveness of its data collection processes.
CUNA and the Wisconsin Credit Union League filed an amicus brief Friday with the Wisconsin Supreme Court supporting a narrow interpretation of the Wisconsin Consumer Act (WCA). Plaintiff’s attorneys in Wisconsin have been targeting lenders, including credit unions, with litigation under the WCA. CUNA and the league argue these suits are frivolous and could affect access to credit.
CUNA offices will be closed Dec. 24-25 and Jan. 1. There will be no morning Daily news e-mail from Dec. 24 to Jan. 1. CUNA News e-mails will be sent with any notable developments morning Daily e-mails will resume Wednesday, Jan. 2.
The House passed the Retirement, Savings, and Other Tax Relief Act (H.R. 88) Thursday, a bill that contains a provision that would eliminate the new UBIT on not-for-profit transportation and athletic facilities fringe benefits.
CUNA joined the Illinois and Wisconsin Credit Union Leagues to file a brief Thursday in the U.S. Court of Appeals for the 7th Circuit in support of a credit union facing a lawsuit due to uncertainty with the Americans with Disabilities Act.
Access to a liquid secondary mortgage market is vital to the health of credit union mortgage lending, CUNA wrote to the House Financial Services Committee Thursday, for the record of a hearing on the Bipartisan Housing Reform Act of 2018.
The Vote For Miracles campaign wrapped up another successful campaign in 2018, with Hurley Children’s Hospital in Flint, Mich., netting the most votes and securing a $50,000 donation from CO-OP Financial Services.
History-making polar explorer, mountaineer and The New York Times bestselling author Alison Levine will speak at CUNA GAC, spotlighting leadership tactics such as creating cohesive teams and taking responsible risks.
CUNA wrote in opposition to a provision in a House bill that would place credit unions under the Community Reinvestment Act. H.R. 7262 has a Senate companion bill containing the same provision, which CUNA opposed in October.