Credit union loans outstanding increased 1.4% in
October, according to CUNA's latest Monthly Credit Union Estimates. This is compared to a 2.0% increase in September
2022, and a 1% increase in October 2021.
Federally insured credit unions experienced continued asset and deposit growth over the year ending in the third quarter of 2022, while loan growth was the strongest in at least two decades, according to the latest NCUA Quarterly U.S. Map Review.
CrossState Credit Union Association's Michael Wishnow and Everence Federal Credit Union's Kristen Heisey appeared on Pennsylvania Newsmakers recently to talk about improving financial health with credit union in the new year.
Inclusiv Network — in partnership with the National Association of Latino Credit Unions and Professionals (NLCUP) and the California and Nevada Credit Union Leagues — has launched the first-ever Juntos Avanzamos-NLCUP Regional Chapter in California.
Credit unions looking to take the first steps on the diversity, equity, inclusion, and belonging journey can get critical information on getting started during a webinar hosted by NCUA Jan. 5, starting at 11:30 a.m. ET.
The World Council of Credit Unions’ Technology and Innovation for Financial Inclusion Project last week welcomed WOCCU President/CEO Elissa McCarter LaBorde to Dakar, Senegal for a series of workshops on growing SME lending, digitalization and gender lens investing in West African credit unions.
Michigan’s Financial Exploitation Prevention Act (FEPA) took effect Sept. 26, 2021, requiring financial institutions to report covered financial exploitation of vulnerable members. The act was a product of collaborative work led by the Department of Attorney General's Elder Abuse Task Force. The Michigan Credit Union League was an active and leading participant.
CUNA Strategic Services will take over leadership of the Credit Union Digitization Working Group, CUNA EVP/Chief Engagement Officer Greg Michlig and CUNA Strategic Services President/CEO Barb Lowman said on CUBroadcast, where they also discussed the group's future.
Montana’s Credit Unions successfully relaunched the “Brawl of the Wild” football icon fundraiser benefiting Shodair Children’s Hospital (Shodair), Montana’s only Children’s Miracle Network hospital. Credit unions from around the state participated in the fundraiser and donated $25,000 to Shodair.
Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.