Credit union loans outstanding grew 0.6% in July, compared to a 0.7% increase in June, according to CUNA’s Monthly Credit Union Estimates for July. Other mortgages led loan growth during the month, rising 1.6%.
Indiana Credit Union League President John McKenzie appeared on a local news station last weekend to share the credit union difference, detailing how not-for-profit financial cooperatives and benefit their members and the communities they serve.
CUNA Thursday released the September 2019 edition of the Economic Update, sponsored by the CUNA Finance Council, highlighting findings from academic journals on the impact credit unions are making to the economy and financial inclusion.
At this year's CUNA Operations & Member Experience Council and Technology Council Conference in Chicago, awards were presented to credit union professionals for their outstanding accomplishments in their respective fields.
American Heritage CU President/CEO Bruce K. Foulke and Chief Operating Officer Scott McCaw performed a humanitarian trip to credit unions in the Bahamas impacted by Hurricane Dorian at the behest of the World Council of Credit Unions.
Federally insured, low-income credit unions that want to become certified CDFIs have until Oct. 5 to apply to use NCUA’s qualification process for streamlined CDFI certification for the final time in 2019.
NCUA awarded $1.9 million in grants to help 155 low-income credit unions increase outreach to underserved communities, improve digital services and security and train employees through grants ranging from $1,900 to $100,000.
CUNA Monday announced the expansion of its category-level brand campaign, Open Your Eyes to a Credit Union®, to Arizona, Nebraska, West Virginia and Vermont, bringing the number of states where the campaign is live to thirteen.
Professionals from the Virginia Credit Union League and CULedger learned the unique ways Estonian credit unions serve their members--including a new currency and green energy investments--during a WOCCU Global Classroom visit.