The CDFI Fund will pause acceptance of new CDFI certification applications and requests for Target Market modifications for six months, starting Oct. 1. It will resume accepting new application submissions and requests on April 3, 2023.

Credit union loans outstanding increased 2.3% in May, compared to a 1.9% increase in April of 2022 and a 0.8% increase in May of 2021, according to CUNA's latest Monthly Credit Union Estimates.

South Carolina Gov. Henry McMaster signed H. 3279, a Carolinas Credit Union League-backed bill, into law. H. 3729 combats the predatory practice of bad actors in the towing industry who do not send proper notice to all interested parties of a vehicle in their possession, running up excessive storage fees.

Credit unions oppose Durbin Amendment expansion because it would increase financial pressure on consumers, League of Southeastern Credit Unions and Affiliates President Samantha Beeler wrote in The Capitolist, a publication focused on Florida business, policy, and politics.

The 2022 World Credit Union Conference concluded Wednesday with a Scottish-themed closing party that put the finishing touches on a four-day event at the Scottish Events Campus. More than 1,600 credit union professionals from 51 countries attended the conference.

Four credit union employees whose homes and property were damaged by the recent flooding in south central Montana received some extra financial assistance as they work to recover from their losses last week, thanks to the cooperative generosity of credit unions

World Council of Credit Unions announced Diana Dykstra, president/CEO of the California and Nevada Credit Union Leagues, as its new board chair during the 2022 World Credit Union Conference. Dykstra will serve as Chair for a one-year term through July 2023.

World Council of Credit Unions presented awards to Northpark Community Credit Union; Sicredi, the largest credit union system in Brazil; and Peach State FCU President/CEO Marshall Boutwell during its Annual General Meeting at the 2022 World Credit Union Conference.

Maine Credit Unions’ Campaign for Ending Hunger raised $121,036 in June as part of its 30-day, $100,000 challenge fundraiser. Since 1990, the Maine Credit Unions’ Campaign for Ending Hunger has raised over $11.3 million, including over $930,000 in 2021.

World Council of Credit Unions President/CEO Elissa McCarter LaBorde identified the strengths of the global credit union industry and issued some challenges to its leaders in her inaugural “State of the Movement” Monday at the 2022 World Credit Union Conference.