Credit union loans outstanding increased 0.8% in July, compared to a 1.0% increase in June of 2021 and a 0.7% increase in July of 2020—according to CUNA’s latest Monthly Credit Union Estimates. Other mortgage loans led loan growth during the month, rising 1.8%.
Credit unions presented Children’s Miracle Network Hospitals with a check for $180,059 Sunday morning just before the 48th running of the Credit Union Cherry Blossom Ten Mile Run. Credit unions have raised more than $10 million for CMN Hospitals.
Credit union lending and compliance leaders will learn practical strategies for complying with fair lending regulations at CUNA Fair Lending Virtual Workshop, Oct. 12 and 13. The program goes beyond lectures to offer engaging discussions led by knowledgeable facilitators.
Credit union leaders will learn the benefits of including an arbitration agreement in contracts with their members by attending Adopting an Arbitration Agreement: The Pros, the Cons and the Details. The Sept. 20 webinar is free for CUNA members.
NCUA awarded $1.5 million in Community Development Revolving Loan Fund (CDRLF) grants to help 105 low-income credit unions expand outreach to underserved communities and improve digital services and security.
Is there a housing bubble? CUNA Chief Economist Mike Schenk looks into that question in CUNA’s latest Economic Update video. Schenk, who spoke to Buzzfeed recently about the same topic, looks at surging U.S. home prices.
NCUA, along with other regulators recognize the serious impact of California wildfires on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.
NCUA and other regulators issued a statement on the the impact of Hurricane Ida on the customers and operations of many financial institutions and will provide appropriate regulatory assistance to affected institutions subject to their supervision.
NCUA is monitoring Hurricane Ida and advises credit unions and their members that the agency stands ready to assist federally insured credit unions in the areas potentially affected by the storm, predicted to be the coasts of Texas, Mississippi, Louisiana, and Alabama.