Credit union loans outstanding increased 2.1% in September, according to CUNA's latest Monthly Credit Union Estimates. This is compared to a similar 2.0% increase in August of 2022 and a 0.6% increase in September of 2021. 

Credit unions strongly support the enactment of a comprehensive national data security and data privacy standard that includes robust security requirements that apply to all who collect or hold personal data and is preemptive of state laws, CUNA wrote to the FTC Monday.

CUNA Senior Economist Ligia Vado discusses an overview of third quarter findings and end of year projections in the October 2022 CUNA Economic Update. Highlights include economic growth predictions and a look at "pressures" on credit union margins.

The Cybersecurity and Infrastructure Security Agency, Federal Bureau of Investigation, and Department of the Health and Human Services released a joint Cybersecurity Advisory with technical details associated with Hive ransomware variants identified through FBI investigations as recently as this month. 

The National Credit Union Share Insurance Fund reported a net income of $26.2 million, $20.2 billion in assets, and $73.7 million in total income for the third quarter of 2022, according to staff at NCUA's Thursday board meeting. The equity ratio for the fund remains at 1.26%.