The Cornerstone Credit Union League achieved legislative success recently in all three states it represents: Arkansas, Oklahoma, and Texas. The bills range from senior protection to a tax reduction to reauthorizing a state credit union regulator.

The NCUA Board will vote on two final rules, the Current Expected Credit Loss (CECL) methodology and capitalization of interest, at its June 24 meeting. CUNA requested the agency move quickly to finalize both rules in a letter sent last month.

The FCC announced a beta test period for credit unions to access its Reassigned Numbers Database for free from July 1 through Sept. 30.  Participation will enable callers and caller agents to understand usage needs prior to signing up for a paid subscription.

Low-income-designated credit unions seeking Community Development Revolving Loan Fund grants, including MDI mentoring grants, have until June 26 to submit their applications. Grant requirements, application instructions, and other important information are available on the grants program page of NCUA.gov.

The National Credit Union Federation of Korea made a sizeable donation of facemasks to World Council of Credit Unions for the second time in less than a year in an effort to help credit union systems.