NCUA released its 2021 CDRLF Report to Congress, highlighting the fund’s significant and positive impact on credit unions, their members, and their communities. A complete list of awardees and a breakdown and funding by state is also included in the report.
UW Credit Union President/CEO Paul Kundert testified before a House subcommittee hearing on overdraft programs, while CUNA submitted comments noting strong objection to legislation and other government intervention that restricts the ability of credit unions to offer overdraft protection plans.
CUNA’s latest MAP campaign launched this week, encouraging credit unions to inform their members of the resources available at CreditUnionsVote.com. The newly redesigned site launched last week to increase member engagement in the 2022 primaries.
Actions to severely limit the availability of overdraft services could force consumers away from reputable, regulated financial institutions, CUNA wrote a House Financial Services subcommittee Wednesday in advance of its hearing featuring testimony from UW Credit Union President/CEO Paul Kundert.
Banks’ misleading attack over bank sales to credit unions is harmful, CUNA Chief Advocacy Officer Ryan Donovan wrote in American Banker Wednesday. Donovan notes when banks sell to credit unions it’s generally beneficial to all involved.
The concept of proportionality can help increase financial access, and should be addressed in the G20 Leaders’ Declaration, CUNA President/CEO Jim Nussle wrote to Treasury Secretary Janet Yellen Tuesday. The letter includes language CUNA requests be included in the Leaders’ Declaration.
Systemic bias in home appraisals discredits the reliability and value of home appraisals, CUNA wrote to the House Financial Services Committee Tuesday, adding that credit unions rely on appraisals for accurate and unbiased opinions on the market values of homes.
The Small Business Administration’s (SBA) government guaranteed lending programs epitomize successful public-private partnerships, CUNA wrote to the House Small Business Committee Tuesday while noting its opposition to any proposals that allow SBA to implement a direct lending program.
CUNA wrote to the House Budget Committee Tuesday on appropriate funding levels for the Treasury's Community Development Financial Institutions Fund, NCUA’s Community Development Revolving Loan Fund, and USAID's Cooperative Development Program.
Limiting the reporting of certain debts would impact accessibility to credit, especially for low- and moderate-income borrowers, CUNA wrote to leadership of the Senate Committee on Housing, Banking, and Urban Affairs for its hearing on the economic impact of medical debt.