CUNA fully supports NCUA’s proposed plan to close the Temporary Corporate Credit Union Stabilization Fund, merge its assets into the share insurance fund and repay credit unions a portions of stabilization fund premiums in 2018.
Patrick Jury, Credit Union National Association (CUNA) board chair and president/CEO of the Iowa Credit Union League, called on the credit union movement to marshal its resources to help all those affected by Hurricane Harvey. Nearly 50 credit union institutions have reported closures and damage as a result of the historic storm and ongoing devastating flooding.
CULedger, blockchain technology used to provide credit unions and their members with innovative, cutting-edge products and services, announced the formation of CULedger, LLC, a new credit union service organization (CUSO).
CUNA has released the June 2017 edition of the CUNA Economic Update, sponsored by CUNA CFO Council. CUNA Chief Policy Officer Bill Hampel hosts the update, which provides a general overview of where the economy stands going into the summer.
The Consumer Financial Protection Bureau finalized its rule to eliminate arbitration clauses that are routinely included in many contracts for consumer financial products, which can protect credit unions from class action lawsuits.
CUNA President/CEO Jim Nussle said CUNA would push to remove language placing NCUA under the appropriations process from the House financial services and general government (FSGG) appropriations bill released Wednesday.
The Credit Union National Association (CUNA), CUNA Mutual Group and the National Association of Federally-Insured Credit Unions (NAFCU) jointly filed an amicus brief supporting the National Credit Union Administration’s field of membership rule.