Savings growth outpaced loan growth in March, according to CUNA’s latest Monthly Credit Union Estimates, resulting in an average loan-to-share ratio of 81.65% in March down from 82.12% in February. Credit unions’ liquidity has been generally increasing since last summer.
The Credit Union Act of 2019 is now officially law, which will grant credit unions based in the District of Columbia the option of applying for a charter from the DC Department of Insurance, Securities and Banking.
Since the COVID-19 pandemic reached Minnesota, the state’s credit unions have provided Main Street relief through more than $624 million in business loans, including more than $132 million in PPP loans during the first round of funding.
CUNA announced CULedger as the newest Premier Level CUNA Associate Business Member, joining in CUNA’s advocacy efforts to support, protect, unify and advance the credit union movement. CULedger created the premier platform of digital exchange for financial cooperatives globally.
CUNA has announced Extensia Financial as the newest Associate Level CUNA Associate Business Members. These business advocates join in CUNA’s advocacy efforts to support, protect, unify and advance the credit union movement.
CUNA will be hosting three free cybersecurity roundtable webinars. These webinars, facilitated by CUNA and NASCUS, connect credit union professionals for discussion on ways to solve shared cybersecurity challenges caused by the COVID-19 pandemic.
The new Fraud Brief: COVID-19 Trends webinar and Beyond the Virus: Scammers Want Your Money! article are now available as CUNA member benefits. Registration is also open for CUNA's May 1 webinar "Behind the Scenes of Pandemic Scams and Attacks."
Rep. Richard Neal (D-Mass.), chairman of the House Ways and Means Committee, joined SBA and Greylock FCU staff to visit a small business that secured a $21,000 PPP loan through the credit union to bring four workers back on payroll.
On Oct. 15 credit unions worldwide will be celebrating ICU Day. Celebrated for the first time in 1948, this annual event raises global awareness for the credit union movement through outreach, volunteering, fundraising and other ICU Day-themed activities.