CUNA joined several financial trade organizations Thursday to call on House leadership to pass the SAFE Banking Ac, a bill to provide legal protections to financial institutions serving legal cannabis-based businesses.
Credit unions have a proven track record of protecting interests of their members, because they are the owners too, CUNA wrote to House leadership this week, and the hallmark of any member-owned institution is establishing a dispute resolution process.
Registration is now open for the largest credit union advocacy event of the year, the 2020 CUNA GAC. The event will take place Feb. 23-27 at the Walter E. Washington Convention Center in Washington, D.C.
The Senate Appropriations financial services and general government subcommittee passed its fiscal year 2020 bill Tuesday, a bill that funds the Treasury’s CDFI Fund at $251 million, a $1 million raise from this fiscal year.
American Heritage CU President/CEO Bruce K. Foulke and Chief Operating Officer Scott McCaw performed a humanitarian trip to credit unions in the Bahamas impacted by Hurricane Dorian at the behest of the World Council of Credit Unions.
Federally insured, low-income credit unions that want to become certified CDFIs have until Oct. 5 to apply to use NCUA’s qualification process for streamlined CDFI certification for the final time in 2019.
The CFPB should take special note of the challenges faced by credit unions and other smaller mortgage lenders in the absence of certain expansions of the Qualified Mortgage safe harbor, CUNA wrote to the CFPB Monday.
NCUA awarded $1.9 million in grants to help 155 low-income credit unions increase outreach to underserved communities, improve digital services and security and train employees through grants ranging from $1,900 to $100,000.
CUNA Monday announced the expansion of its category-level brand campaign, Open Your Eyes to a Credit Union®, to Arizona, Nebraska, West Virginia and Vermont, bringing the number of states where the campaign is live to thirteen.
FinCEN announced the launch of its Global Investigations Division, which will investigate and target terrorist finance and money laundering threats and work more closely with foreign counterparts to coordinate actions against such threats.