Credit union loans outstanding increased 0.5% in September, compared to a 0.8% increase in August of 2023 and a 1.7% increase in September of 2022, according to CUNA's latest Monthly Credit Union Estimates.
CUNA and NAFCU wrote to CFPB Director Rohit Chopra urging the bureau to issue an Advance Notice of Proposed Rulemaking (ANPM) before it published its Notice of Proposed Rulemaking on the consumer reporting under the Fair Credit Reporting Act (FCRA).
NCUA awarded $400,000 in Community Development Revolving Loan Fund grants to support innovative credit union pilot projects: CBC Federal Credit Union, Greenstate Credit Union, ELGA Credit Union, and True Community Credit Union.
Worldwide Foundation for Credit Unions is providing a $30,100 grant to Agricultural Credit Cooperatives of Turkey through the Turkish Cooperative Earthquake Relief Fund to purchase over 40 air conditioners that will allow for safer conditions for 126 workers and 20,489 members impacted by the devastating Feb. 6 earthquakes.
CUNA offices in Washington, D.C., and Madison, Wis., will be closed Nov. 22-24 in observance of Thanksgiving. There will be no Daily email Nov. 23-24. The Daily will resume Monday, Nov. 27.
CrossState Credit Union Association announced a new partnership with eTrain, an online training platform with hundreds of educational webinars professional development opportunities for front-line staff, volunteers, back-office managers, senior leadership, and everyone in between.
The CFPB consistently oversteps or fails to consider the whole impact of its regulations on credit unions and other consumer-focused institutions, CUNA's Jason Stverak wrote in American Banker, adding that this reality counters the bureau's pro-consumer mission.
President Joe Biden signed a continuing resolution Friday funding the federal government into 2024, following Senate passage of the bill late Wednesday. It funds financial services and general government areas and the National Flood Insurance Program through Feb. 2.
CUNA's National Awards Committee announced the 2023 recipients of the Dora Maxwell Social Responsibility Award, Louise Herring Philosophy in Action Member Service Award, and Desjardins Adult and Youth Financial Education Awards.
CUNA announced the addition of three Associate Business Members: Credit Unions First, Member Access Processing, and Vanco Payments LLC. Membership in the program offers a comprehensive suite of advantages aimed at enhancing market visibility and credibility.