During this year’s National Youth Savings Challenge™, young credit union members performed “Money Magic” by depositing $2,805,990.22 into their savings accounts and CDs. This year, 12,103 youth, representing 100 credit unions deposited an average of $231.84 per child.
Following the regulatory enhancements provided by the CARES Act and changes to NCUA's regulations, the Central Liquidity Facility experienced a significant increase in its membership and borrowing capacity. New memberships have added $945.8 million in additional subscribed capital stock to the facility.
More than 17% of credit union members are Black, compared with around 13% of bank customers, CUNA shared in a CNBC article about racial justice in banking. The piece also directed readers to find a credit union using the Your Money Further credit union finder.
A website has been launched for credit unions and other financial institution plaintiffs to file claims in the settlement reached in the Equifax data breach lawsuit stemming from a 2017 data breach that exposed the personal information of more than 145 million consumers.
Maine Credit Unions’ Campaign for Ending Hunger announced its month-long $100,000 Challenge raised over $200,000 to support Good Shepherd Food Bank’s COVID-19 response and community food pantries across the state. Maine credit unions, employees, volunteers, members and vendors supported the campaign.
CUNA Operations & Member Experience Council and CUNA Technology Council are announcing the “Share Your Story” campaign to celebrate and honor credit unions by collecting stories, videos and photos to showcase how they’ve been helping their members throughout this challenging year.
Twenty seven Minnesota credit unions have signed on to an agreement with the state's governor, lieutenant governor and attorney general, as well as other financial institutions to provide a uniform set of mortgage relief options for members affected by the pandemic.
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.