Neighbors FCU member Laine Hardy was the winner of the latest season of American Idol, and the credit union hosted his supporters to watch Sunday's finale, where they saw him perform several songs and eventually take home the grand prize.
The CFPB significantly expanded its Misadventures in Money Management financial education tool to active-duty servicemembers. It was initially developed for future servicemembers who enlisted but had not yet shipped off to basic military training.
In the May edition of the CUNA Economic Update, sponsored by CUNA Finance Council, CUNA Chief Economist Mike Schenk explores President Donald Trump’s decision to increase Chinese tariffs from 10% to 25% and its impact on the U.S economy.
CUNA requested NCUA explore the idea of adopting a floating interest rate cap for federal credit union loans instead of its traditional fixed interest rate (currently 18%) in a letter to NCUA board members Wednesday.
The Department of Labor’s current proposed overtime regulation under the Fair Labor Standards Act is an improvement over the 2016 overtime rule, but CUNA urges DOL to avoid creating excessive costs and compliance burdens on credit unions.
CUNA announced Wednesday the appointment of Chris Lorence as Chief Credit Union Awareness Officer. Lorence will lead CUNA’s Awareness initiative and its Open Your Eyes to a Credit Union® marketing campaign to raise consumer consideration of credit unions.
Credit union supporter Fred Keller (R), supported by CULAC and the Pennsylvania Credit Union Association, won a special election to represent Pennsylvania 12th Congressional District in Congress Tuesday, defeating Democratic challenger Marc Friedenberg.
Reinstating the CFPB's rule on arbitration agreements would undermine the ability of credit unions and other financial institutions to offer faster, more cost-effective resolutions to potential disputes than class action litigation.
CUNA brought its serious concerns about the FCC's scheduled June 6 vote on default call blocking to the attention of NCUA Chairman Rodney Hood Tuesday, requesting he intervene and ask that FCC delay and reconsider the ruling.
Credit unions take Bank Secrecy Act/Anti-Money Laundering compliance seriously, but when resources are disproportionately spent on compliance, fewer safe and affordable products are available for members.
CUNA and its credit union members are committed to ensuring the housing finance market remains both accessible and affordable to minority borrowers, CUNA wrote to House Financial Services Committee leadership Tuesday.
More than 5,500 eligible institutions will receive dividends totaling $160.1 million from the National Credit Union Share Insurance Fund starting this week, according to NCUA. Credit unions have received statements indicating the amounts they will receive.
CUNA supports federal credit unions’ access to federal courts via diversity jurisdiction, one of the two methods for a federal court to have jurisdiction, the association indicated in an amicus brief filed Monday with the U.S. Court of Appeals for the Fourth District