CUNA wrote in support of the PPP Forgiveness Act Wednesday, a bill that would simplify forgiveness of PPP loans under $150,000. Credit unions have issued thousands of PPP loans, including more than 60,000 loans averaging $49,000 each from the smallest credit unions.

CUNA welcomed the new chairman of the Financial Accounting Standards Board Richard Jones, with a letter sent Wednesday. FASB is a standard-setting entity responsible for, among other things, the current expected credit loss (CECL) standard..

Credit union supporting Congressional candidates won in a dozen primaries in Colorado, Oklahoma and Utah Tuesday. Those candidates were backed by state credit union Leagues and CUNA’s political action committee, the Credit Union Legislative Action Council.

Lifting the credit union member business lending (MBL) cap would help small businesses and low-income families disproportionately impacted by the lockdowns, Young Voices’ John Kristof wrote this week on the Foundation for Economic Education site.

The 2020-2021 CUNA E-Scan is now available, containing data, analysis and forecasting from top industry experts on credit union-relevant trends that are shaping the competitive landscape. New for 2020-2021, the purchase of CUNA E-Scan includes a Fall 2020 update..