The Illinois Credit Union System helped those in need during the 2022 holiday season with donations totaling $15,000 for area food pantries. ICUS employees presented $1,000 checks to food pantries all over the state to alleviate ongoing hunger challenges.
Young credit union professionals have the opportunity to enrich themselves, while in turn enriching the credit union movement, by attending CUNA National Young Professionals Virtual Conference, May 16 and 17.
Peter Diamandis, founder and executive chairman of XPRIZE Foundation and executive chairman of Singularity University, will speak Feb. 27, at the 2023 CUNA GAC. He will demonstrate the disruptive power of exponential technologies and how to identify opportunities to innovate.
Federal credit union operating fees will decrease by an average of approximately 1.8% in 2023, NCUA said in a Letter to Federal Credit Unions. Credit unions that owe an operating fee must submit it no later than April 18.
The House passed the CUNA-League-led Credit Union Board Modernization Act Monday night. CUNA wrote to House leadership Monday prior to the vote calling stating urging members of the House to vote in favor of the bill.
CUNA joined other organizations calling for House members to vote in support of the Credit Union Board Modernization Act Monday. The bill would allow federal credit union boards to meet at minimum six times per year instead of the current once per month.
The NCUA has released updates to its frequently asked questions on the current expected credit losses (CECL) accounting standard and its Simplified CECL Tool. The CECL GAAP FAQs address common credit union topics.
Worldwide Foundation for Credit Unions disbursed three new grants worth a total of $355,000 from its Ukrainian Credit Union Displacement Fund to help credit unions in Ukraine cover the cost of operating expenses, purchase alternative sources of power and recover the unpaid interest on loans.
The Iowa Credit Union Foundation, the philanthropic arm of the Iowa Credit Union League, invested more than $155,000 in mission-aligned initiatives in 2022 to help champion financial well-being for all.
Key committee chairs and ranking members of the 118th Congress are familiar faces to credit unions and Leagues, including the Senate Banking, Housing, and Urban Affairs Committee; Senate Finance Committee, House Financial Services Committee, and House Ways and Means Committee.