CUNA wrote to the House Financial Services Committee Wednesday on several legislative proposals for a hearing on the long-term impact of high housing costs, noting credit unions’ interest in their members’ financial well-being and advancing the communities they serve is of "paramount importance."

Funding the U.S. Agency for International Development’s (USAID) Cooperative Development Program (CDP) at $50 million for FY23 would build capacity for cooperatives around the world, CUNA wrote to House Appropriations Committee leadership Wednesday.

Credit union champions won in primaries in several states and a special election in Nebraska Tuesday. Credit Union Legislative Action Council (CULAC) and state Leagues have backed 213 credit union champions this cycle with a 98% success rate.

CDFI credit unions have until August 23 to apply for grants under the CDFI Fund’s Equitable Recovery Program. The CDFI Fund is making $1.73 billion available to serve communities that better access to financial services and were disproportionately affected by the COVID-19 pandemic.

Data on 2021 mortgage lending transactions reported by 4,338 U.S. financial institutions under the Home Mortgage Disclosure Act (HMDA) is available, including information on 23.3 million home loan applications.