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News

Home » Topics » CUNA News

Topics

Compliance: CECL implementation delay made official by FASB
Policy & Issues

NCUA updates simplified CECL Tool for March 31

NCUA released the March 2023 update of its Simplified CECL Tool. For credit unions that started using the Simplified CECL Tool in the first part of 2023, this release is to determine the credit loss expense from the date of adopting CECL until March 31, 2023.
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Cap1
Policy & Issues

CUNA outlines FY24 credit union federal budget priorities

CUNA wrote to the House Budget Committee outlining several credit union appropriations priorities for fiscal year 2024, noting credit unions are the types of community lenders that are suited to meet the needs of members and communities.


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Tracie Kenyon
CU System

Kenyon: S. 2155 has allowed communities to thrive

The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) is being wrongfully blamed by some for recent bank collapses, Montana's Credit Unions President/CEO Tracie Kenyon wrote in The Independent Record this week. 
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Cap2
Policy & Issues

Bill would establish ‘appropriate compliance timeline’ for section 1071

CUNA wrote in support of legislation to establish an “appropriate” compliance timeline for the CFPB's section 1071 rulemaking.
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Cap1
Policy & Issues

CUNA calls for appropriate funding for international CU priorities

CUNA wrote to members of House and Senate Appropriations subcommittees in strong support of FY2024 funding levels for several international credit union priorities, including the Cooperative Development Program and Credit for Agriculture producers' Technical Assistance Project.
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Cap2
Policy & Issues

CUNA calls for CDFI, CDRLF, FinCEN funding in FY24

CUNA wrote Congressional appropriations leaders in support of several credit union priorities this week, including the CDFI Fund, NCUA's Community Development Revolving Loan Fund, and increased funding for Treasury's Financial Crimes Enforcement Network.  
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Dawit Kebede
Policy & Issues

CUNA economics: Fed raises rates despite bank failures

CUNA Senior Economist Dawit Kebede said the FOMC's increase of the federal funds rate by 25 basis points shows consumer demand seems too strong for inflation to come down consistent with the Federal Reserve's target.
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DCUA1
CU System

Olson: CUs manage risks to stay safe, sound in any environment

Recent bank collapses show the importance of where consumers choose to put their money, Dakota Credit Union Association President/CEO Jeff Olson wrote in The Bismarck Tribune this week. 
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Cap1
Policy & Issues

Stverak to Congress: CUs are stable, necessary, popular choice for consumers

The credit union difference makes a secure financial option for consumers, CUNA Deputy Chief Advocacy Officer wrote to all 535 Congressional offices Tuesday, and it helps improve the financial well-being of members and communities.
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equipifi.jpeg
Policy & Issues

equipifi Wins Best of Show at CUNA GAC

equipifi, a fintech company enabling credit unions with buy now, pay later (BNPL) offers for purchases made on debit cards, was awarded with the CUNA Technology Council’s Best of Show Award at the 2023 CUNA Governmental Affairs Conference (GAC).   
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Credit Union Magazine: Spring 2023

Spring 2023

Credit Union Magazine’s Spring 2023 issue features the 2023 Credit Union Heroes and examines CUNA-League advocacy priorities, board leadership, the impact of financial well-being efforts, fee-related compliance issues, predictions for the year ahead, and more.
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