NCUA’s proposed 2024 budget represents a very significant increase from 2023 and CUNA is concerned with both the extent of and the reasons for the increase, CUNA Chief Economist Mike Schenk said at NCUA’s budget meeting Thursday.

The NCUA board approved a final rule expanding the definition of “qualified charity” credit unions can contribute to using a Charitable Donation Account (CDA). CUNA engaged with NCUA for more than a year on the need for such a rule, and fully supported it as proposed in comments filed in July.

Maine Credit Unions’ Campaign for Ending Hunger is bringing back its Holiday Meals for Mainers initiative. Now through Dec, 26 the Campaign is encouraging people to donate $5 (or more) to help feed a neighbor in need.

The Treasury’s Office of Cybersecurity and Critical Infrastructure Protection has been working closely with its financial services sector partners to respond to a ransomware incident last week targeting a financial institution and encourages all members of the financial services sector to review the relevant alerts.

CUNA announced its latest Associate Business Member is Open Lending, an industry leader in loan analytics and risk-based pricing. This partnership aims to strengthen advocacy efforts for credit unions and provide enhanced opportunities for borrowers.