CUNA is on track to spend $7 million in support of congressional candidates from both sides of the aisle this cycle It is backing candidates who have a history of standing behind credit unions’ mission to deliver not-for-profit, member-owned financial services.

NCUA awarded $3.7 million in grants and no-interest loans to 162 low-income credit unions, helping them provide affordable financial services to their members and communities during the pandemic. These included NCUA 153 grants totaling nearly $1.5 million and nine no-interest loans of $250,000 each.

A new study on the savings habits of Minnesota credit union members found that prize-linked savings accounts incentivize people to save money for the first time and help change overall savings habits. WINcentive prizes are awarded on a monthly, quarterly, and annual basis, with prizes ranging from $100 to $5,000.

The National Credit Union Foundation launched its CUAid app in July as a way for the credit union system to strengthen the industry’s response in the face of disaster. The app is available for Apple and Android devices, and has a web browser version.

CUNA compliance and advocacy staff joined CUNA Mutual Group and the Illinois Credit Union League Thursday for a town hall meeting on overdraft rules and regulations. Illinois credit unions are among credit unions around the country that have seen an uptick in concerns about overdraft rules.