CUNA News

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Senate passes debt relief bill, Biden signature next

The Senate passed the Fiscal Responsibility Act (H.R. 3746) late Thursday night, which extends the U.S. debt ceiling to Jan. 1, 2025. President Biden is expected to sign the measure shortly.

Policy & Issues

Regulators issue AVM proposal, WH addresses appraisal bias efforts

NCUA and other federal financial regulators issued a proposed rule regarding Automated Valuation Models (AVMs) Thursday, part of several efforts announced by the Biden administration to address racial bias in home valuations.

CU System

Nine League executives participate in mentorship program

Nine women executives from eight Leagues and League Foundations participated in the 1-to-1Woman Mentoring Program’s most recent cohort, sponsored by AACUL. The 1-to-1Woman Mentoring Program pairs Caucasian C-suite executive level women with rising Black women professionals.

Lending, membership growth highlight July MCUEs

Policy & Issues

Credit union loans outstanding increased 0.8% in March

Credit union loans outstanding increased 0.8% in March, compared to a 0.5% increase in February 2023, and a 1.7% increase in March 2022, according to CUNA's latest Monthly Credit Union Estimates.

Policy & Issues

CFPB seeks new CUAC members, applications open July 3 to 16

The CFPB will accept applications to its Credit Union Advisory Council and other advisory committees July 3 through 16. The CUAC advises the CFPB on regulating consumer financial products or services via the unique perspective of credit unions.

Policy & Issues

NCUA Designates June as MDI Awareness Month

NCUA is designating June as Minority Depository Institution Awareness Month to enhance the public’s understanding of the vital work minority depository institution credit unions perform in underserved communities nationwide.

CU System

CCUA Launches initiative in partnership with American Red Cross

The Cooperative Credit Union Association’s We CU Care program officially launched its debut campaign supporting the American Red Cross, bringing credit unions together to make a difference in the lives of those affected by disasters. The campaign ends July 31.

Policy & Issues

CUNA to host free webinar on FedNow service strategy June 13

CUNA’s latest webinar on the FedNow service will take place June 13, and will cover planning for FedNow service. The webinar is free to CUNA members and features Joni Hopkins, vice president of customer relations at the Chicago Federal Reserve.

Lending, membership growth lead historic credit union performance

Policy & Issues

Debt ceiling deal has credit union implications

Congress is expected to vote this week on the debt ceiling deal reached over the weekend that would suspend the debt ceiling until Jan. 1, 2025. The legislation contains several implications for credit unions, including rescinding unspent funds from the Treasury’s Emergency Capital Investment Program.

Policy & Issues

FOM proposal is ‘important step’ toward more inclusive CU membership

NCUA’s proposed field of membership changes would reduce unnecessary burdens and increase efficiency in the FOM application process, CUNA wrote to the agency Tuesday. adding the proposed changes would help credit unions deliver necessary financial services to more consumers.

News

Topics

Senate passes debt relief bill, Biden signature next

Regulators issue AVM proposal, WH addresses appraisal bias efforts

Nine League executives participate in mentorship program

Credit union loans outstanding increased 0.8% in March

CFPB seeks new CUAC members, applications open July 3 to 16

NCUA Designates June as MDI Awareness Month

CCUA Launches initiative in partnership with American Red Cross

CUNA to host free webinar on FedNow service strategy June 13

Debt ceiling deal has credit union implications

FOM proposal is ‘important step’ toward more inclusive CU membership

Summer 2023

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