CUNA encourages Congress to enact legislation that provides flexibility to NCUA to offer forbearance from prompt corrective action to otherwise healthy credit unions impacted by federally declared emergencies or disaster, as the pandemic caused lending to slow and deposits to increase.

The Cornerstone League has announced the launch of a new podcast, The Cornerstone League Podcast, which aims to provide credit union professionals with resources to advance credit unions’ success across the Cornerstone region.

The House of Representatives passed the fiscal year 2022 National Defense Authorization Act Thursday with two CUNA-backed amendments and without language CUNA, Leagues and credit unions fought to exclude.

CUNA Senior Economist Dawit Kebede will present at a World Council of Credit Unions virtual symposium Oct. 7 designed to help credit unions prepare for the long-lasting impacts of the pandemic, as well as a post-COVID future. Registration is now open for the event. 

The NCUA board approved an item to place NCUA's CUSO, field of membership shared facilities, and mortgage servicing rights final rules on upcoming board meeting agendas through the end of the year. It also approved a subordinated debt proposal Thursday.