Credit union champions won their primary races in Hawaii Saturday and Alaska Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 279 credit union champions with a 96% success rate this election cycle. 

A $100,000 loan reimbursement program made possible by Worldwide Foundation for Credit Unions’ (WFCU) Ukrainian Credit Union Displacement Fund has already provided targeted aid to 100 farmers facing a food security crisis brought on by Russia’s full-scale war in Ukraine.  

The cumulative regulatory burden on credit unions is near an all-time high, though it has slowed recently, CUNA wrote to NCUA Monday in response to NCUA’s annual review of one-third of its regulations, this year’s covered parts 700 to 710.

CUNA, Leagues, and credit unions engaged with hundreds of state lawmakers from around the country over the last few weeks at the American Legislative Exchange Council (ALEC) in Atlanta and the National Conference of State Legislatures (NCSL) in Denver.

CUNA and organizations filed an amicus brief this week in the 11th Circuit Court of Appeals stating the text, structure, history, and purpose of the Fair Credit Reporting Act demonstrate its applications to matters of factual accuracy, not legal disputes.

CUNA Senior Economist Dawit Kebede said overall monthly price change remained flat in July, however, year-over-year inflation remains elevated at 8.5% despite falling from a record 9.1% in June. 

CUNA President/CEO Jim Nussle wrote to all 535 members of Congress Wednesday in strong opposition of the credit card bill from Sens. Roger Marshall, R-Kan., and Dick Durbin, D-Ill. CUNA and Leagues continue to call on credit unions, Leagues, and members to oppose the bill.

Fourteen credit union-friendly candidates added 14 wins in Connecticut, Minnesota, Vermont and Wisconsin Tuesday. The Credit Union Legislative Action Council (CULAC) and state leagues have backed 274 credit union proponents this cycle with a 97% success rate.  

CUNA launched its “Protect My Card” Member Activation Program (MAP) campaign to activate credit union members to share concerns with the interchange bill introduced by Sens. Roger Marshall, R-Kan., and Dick Durbin, D-Ill.

NCUA  is hosting a webinar on August 24 at 2 p.m. ET to discuss Bank Secrecy Act trends and challenges, and provide credit unions with valuable updates on BSA compliance. Online registration for the free webinar webinar is open.