The House Appropriations Committee Wednesday passed the fiscal year 2021 Financial Services and General Government Appropriations Act. The bill funds the Treasury’s CDFI Fund at $273.5 million, and NCUA's CDRLF at $2 million and protects financial institutions serving legal cannabis businesses.

Credit union-supported candidates saw several victories in primary elections Maine and runoff elections in Alabama in Texas Tuesday. Candidates were backed by state credit union Leagues and CUNA’s political action committee, the Credit Union Legislative Action Council.

Credit unions have supported more than a million pandemic-affected members through the Paycheck Protection Program (PPP), CUNA Chief Advocacy Officer Ryan Donovan wrote Tuesday to all 535 Congressional offices.

Credit unions have supported more than a million pandemic-affected members through the Paycheck Protection Program, as more than 900 credit unions have made more than 196,000 loans, averaging $49,487 per loan. Those loans have supported 1.18 million jobs.

Kyle Hauptman, nominated by the president to serve on the NCUA board, will appear before the Senate Banking Committee July 21. The hearing is scheduled to begin at 10 a.m. (ET), and will be livestreamed on the committee’s website.