The Small Business Administration should work to provide certainty for Paycheck Protection Program (PPP) loan forgiveness applications, as there is a large backlog of forgiveness applications that have not received a response from the SBA.
Allowing credit unions to expand into rural communities and other underserved areas would advance communities throughout the nation, CUNA wrote to the Senate Banking, Housing, and Urban Affairs Committee Tuesday.
CUNA has received its second nomination for the Class C CUNA Board position, from Debbie Smith, president/CEO, Georgia United Credit Union, Atlanta, Ga. All nominations and seconds must be submitted by 5 p.m. (ET) this Friday, April 22.
The House passed the CUNA-supported Secure and Fair Enforcement (SAFE) Banking Act Monday. The bill would provide protections to financial institutions that serve state legal cannabis-based businesses.
CUNA wrote to House leadership Monday to express support for two bills prior to House consideration this week. The bills are the Secure and Fair Enforcement (SAFE) Banking Act (H.R. 1996) and the Housing Financial Literacy Act of 2021 (H.R. 1395).
Both chambers of Congress are in session this week, and the House will include the CUNA-supported Safe and Fair Enforcement (SAFE) Banking Act in a list of bills it will consider starting Monday evening.
CUNA encouraged the Federal Housing Finance Agency (FHFA) to pursue climate and natural disaster risk mitigation strategies that do not abandon low- and moderate-income Americans in a letter sent Monday.
Credit Union Magazine is now accepting nominations for the ninth annual Credit Union Rock Stars program, sponsored by Fiserv. Credit Union Rock Stars are professionals and volunteers who leverage creativity, innovation and passion to advance their credit union’s mission and elevate their community.
The NCUA Board published an interim final rule Monday making two temporary changes to its PCA regulations to help ensure that federally insured credit unions remain operational and liquid during the COVID-19 pandemic. A similar rule expired at the end of 2020.
CUNA rounds out the Associate Business Membership Advisory Committee with representation from Elite level member, CO-OP Financial Services. The committee will provide advice, guidance and strategic direction to CUNA for engaging as an associate business member.