Legislation modernizing state credit union acts has passed in both the Idaho and Washington legislatures. The success in the 2022 legislative sessions is the result of collaboration between credit union advocates, legislators, state regulatory leaders, and the Northwest Credit Union Association.
CUNA released an issues brief showing an uptick in credit union diversity, equity, and inclusion (DEI) efforts. The DEI issues brief, based off results from the 2019 and 2021annual membership surveys, shows that credit unions have made tremendous progress on their DEI journey over a two-year period.
New Mexico Gov. Michelle Lujan Grisham signed a Credit Union Association of New Mexico-supported bill into law to cap the interest rate on installment loans March 1. HB 132 reduced the maximum annual interest rate on installment loans to 36% (down from the previous 175%).
The National Credit Union Foundation published a research brief detailing how credit unions can increase membership, expand lending and improve the financial well-being of members—by focusing on those most in need.
Credit unions, and their employees and members have joined other industry partners from around the world to donate more than $150,000 to the Ukrainian Credit Union Displacement Fund. These funds will be used to address immediate humanitarian needs.
The Worldwide Foundation for Credit Unions’ Global Women’s Leadership Network encourages industry women to apply for the 2022 GWLN Scholarship starting Tuesday, International Women's Day. Applications are due April 15.
The Illinois Credit Union League and Coopera partnership to advance financial inclusion will enter a new phase in 2022 as the organizations will work together on enabling Illinois credit unions to offer financial products and services to benefit underrepresented consumers across the state.
Credit unions can get valuable information on changes to the NCUA’s CAMELS rating system during an upcoming webinar hosted by NCUA on Thursday, March 10, beginning at 2 p.m. ET. The webinar will run approximately 60 minutes.
The League of Southeastern Credit Unions (LSCU) announced the hire of Samantha Beeler as the new President of LSCU. Beeler currently serves as vice president of Advocacy for the Northwest Credit Union Association.
CUNA’s Small Credit Union Committee released the Small Credit Union Talent Strategy Guide to address the challenges and opportunities for talent acquisition and to leverage small credit unions’ unique position in the marketplace to find, attract, and retain talent.
Credit Union Magazine’s Spring 2022 edition highlights inclusive lending, succession planning, fair lending and artificial intelligence, and the use of environmental, social, and governance (ESG) as a competitive differentiator.