CUNA Vice President of Diversity, Equity, and Inclusion (DEI) Samira Salem hosted a panel whether DEI is a “fad” or something more permanent. Though the panelists had different backgrounds and ways DEI is embedded within their work, they all agreed DEI is here to stay.
Chartway Credit Union President/CEO Brian Schools, who will chair the America's Credit Unions Transition Board, wrote that credit unions are the best friend a consumer can have when it comes to securing a financial future.
It's imperative to separate the sensational misconceptions when it comes to overdraft, writes California and Nevada Credit Union Leagues President/CEO Diana Dykstra, adding that opting in to overdraft protection is a valued and worthwhile choice for many credit union members.
The merger of CUNA and NAFCU culminates next week with the official launch of America’s Credit Unions. This transformation is to provide the credit union industry a stronger and more responsive voice on the national stage. NAFCU Board of Directors Chair Gary Grinnell and CUNA Board of Directors Chair Lisa Ginter recently signed documents to certify the merger.
FinCEN has issued its final beneficial ownership information (BOI) Access Rule. The Corporate Transparency Act (CTA) requires creation of a BOI database where companies and legal entities report BOI directly to FinCEN; financial institutions will have access to the database.
CUNA submitted comments to NCUA supporting regarding the Simplification of Share Insurance Rules proposal to simplify the share insurance regulations by establishing a “trust accounts” category that would provide for coverage of funds of both revocable trusts and irrevocable trusts.
NCUA is hosting a webinar on January 3 to share key data points from the 2022 Credit Union Diversity Self-Assessment Results Report and provide information on how to submit your credit union’s 2023 voluntary assessment.