cannabis banking

The big ‘what if’ in cannabis banking

Liquidity is a chief consideration for credit unions entering this business.

SAFE Banking act needed as public safety measure

As Congress returns after the August recess, one of CUNA’s top legislative priorities is advancing the SAFE Banking Act (H.R. 1595/S. 1200), a bill that would provide protections to financial institutions serving legal cannabis-based businesses.

Policy & Issues

NCUA provides needed clarity for CUs serving hemp businesses

Under new interim guidance released today by the National Credit Union Administration, federally insured credit unions can provide certain financial services to legally operating hemp businesses. The move comes on the heels of a request for clarification by Senate Majority Leader Mitch McConnell.

Policy & Issues

Pross: It's time Congress fixed cannabis' green problem

Maps Credit Union Chief Risk Officer Rachel Pross penned an op-ed for The Hill Wednesday on the challenges credit unions face around cannabis banking.

Policy & Issues

SAFE Banking Act would negate many cannabis safety risks

Allowing legal cannabis-based businesses access to financial services is a public safety issue, noted Rachel Pross, representing the CUNA/League system before the Senate Banking Committee Tuesday.

Policy & Issues

CUNA/League system to testify before Senate Banking Committee

Rachel Pross, Chief Risk Officer at Maps Credit Union, Salem, Ore., will testify on CUNA’s behalf before the Senate Banking Committee Tuesday during a hearing titled “Challenges for Cannabis and Banking: Outside Perspectives.”