The European Council presidency and European Parliament reached a provisional agreement on the Digital Operational Resilience Act that allows for the proportional treatment of credit unions under new regulatory requirements on the security of financial institution network and information system.

The Cooperative Credit Union Association announced a new partnership with Smart Hive, providing a end-to-end protection against the most sophisticated forms of cyber-attacks. Smart Hive leverages the cooperative power of credit unions to serve as a threat detection tool.

Envisant, a subsidiary of the Illinois Credit Union League (ICUL), invested in credit union Service Organization (CUSO), Pure IT. This capital investment will allow an expansion of Pure IT’s innovative IT Strategy work and will assist credit unions to compete for, and serve, more members.

Credit union frontline workers will learn the importance of compliance and the best way to communicate regulations to members by attending CUNA Frontline Compliance eSchool. It will be held in five sessions, one Thursday per month June through October.

Worldwide Foundation for Credit Unions has now raised $1.37 million for its Ukrainian Credit Union Displacement Fund. That total includes donations from more than 1,200 individuals, nearly 200 credit unions and dozens of credit union leagues, associations, foundations and other partners.

Credit unions seeking resources for community development investments are encouraged to participate in a June 2 webinar hosted by NCUA and the Community Development Financial Institutions Fund. This webinar is available at no cost and will run approximately 90 minutes. 

The Minnesota Credit Union Foundation is seeking to raise $1 million to support the establishment of Village Financial Credit Union, a Black-led de novo credit union. CUNA Mutual Group recently announced it will be offering a donation match up to $250,000 through June 30.

Worldwide Foundation for Credit Unions awarded six credit union professionals the International Credit Union Development Educator designation Tuesday. The new educators, across the international credit union movement, qualified for the I-CUDE designation after completing the four required criteria.

CUNA Strategic Services announced a market feasibility pilot with startup Cue, an innovator in sales and service scripting software. The Cue solution offers credit unions turnkey access to make call center staff more effective, reducing costs while enhancing member experience.

Most in the credit union movement aren’t from finance or accounting, explains Caroline Willard, president/CEO of the Cornerstone League on its latest podcast episode, but are drawn by the credit union difference.