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NCUA to conduct June 21 webinar on combatting appraisal bias
NCUA is hosting a webinar to discuss federal government efforts to combat bias in home valuations and increase opportunities for homeownership and relevant resources available for consumers and credit union professionals. It will take place June 21 at 1 p.m. ET.
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CUNA urges Congress to oppose interchange legislation
Credit unions urge members of Congress to oppose any legislation affecting the security and efficiency of the interchange system, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote. Grocers are visiting Washington, D.C., this week and CUNA expects them to push for credit union-opposed interchange legislation.
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'Junk fee,' blockchain hearings scheduled this week in D.C.
The House and Senate are in Washington, D.C., this week, with the House to consider legislation on the floor, and the Senate to consider executive nominations. Hearings of note will cover "junk fees," blockchain, and the U.S. dollar's status as a global reserve currency.
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Maine credit unions join forces to fight hunger in June
Credit unions across Maine are coming together to support the fourth annual $100,000 Ending Hunger Challenge. This initiative kicks off on June 1 with a goal to raise $100,000 in 30 days for Maine Credit Unions’ Campaign for Ending Hunger.
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CUNA economics: Strong hiring in May
CUNA Senior Economist Dawit Kebede said the Labor Department’s May Employment Situation shows hiring much higher than the consensus expectation, signaling a stronger labor market. The report also revised up job gains in the prior two months by 93,000, bringing the three-month average job growth to 283,000.
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Nine League executives participate in mentorship program
Nine women executives from eight Leagues and League Foundations participated in the 1-to-1Woman Mentoring Program’s most recent cohort, sponsored by AACUL. The 1-to-1Woman Mentoring Program pairs Caucasian C-suite executive level women with rising Black women professionals.
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CFPB seeks new CUAC members, applications open July 3 to 16
The CFPB will accept applications to its Credit Union Advisory Council and other advisory committees July 3 through 16. The CUAC advises the CFPB on regulating consumer financial products or services via the unique perspective of credit unions.
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CCUA Launches initiative in partnership with American Red Cross
The Cooperative Credit Union Association’s We CU Care program officially launched its debut campaign supporting the American Red Cross, bringing credit unions together to make a difference in the lives of those affected by disasters. The campaign ends July 31.
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Debt ceiling deal has credit union implications
Congress is expected to vote this week on the debt ceiling deal reached over the weekend that would suspend the debt ceiling until Jan. 1, 2025. The legislation contains several implications for credit unions, including rescinding unspent funds from the Treasury’s Emergency Capital Investment Program.
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FOM proposal is ‘important step’ toward more inclusive CU membership
NCUA’s proposed field of membership changes would reduce unnecessary burdens and increase efficiency in the FOM application process, CUNA wrote to the agency Tuesday. adding the proposed changes would help credit unions deliver necessary financial services to more consumers.
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Sullivan: Stories, data are most important parts of advocacy
Credit union lenders must be an active part of advocacy, CUNA Senior Director of Advocacy and Counsel Elizabeth Sullivan told the American Credit Union Mortgage Association’s OnPoint podcast, since they're the ones working to serve members while complying with the rules and regulations.
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CUNA-requested proposal would expand CDA charity definition
The NCUA board issued a proposal to update the definition of “qualified charity” in its Charitable Donation Accounts (CDA) rule at its Thursday meeting. CUNA requested NCUA add 501(c)(19) veterans organizations in addition to currently allowed 501(c)(3) organizations in June 2022.
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Defense Credit Union Council recognizes Memorial Day
DCUC recognizes the importance of this historic holiday and urges others to reflect on its true meaning during the upcoming extended weekend and DCUC President/CEO Anthony Hernandez shares a special tradition involving the American Flag.
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Veterans MBL bill would increase support to entrepreneurs
Credit unions recognize that financial inclusion and access to capital for entrepreneurs are critical to ensuring the growth and development of vibrant small businesses, CUNA wrote to the House Small Business Committee for its hearing on supporting veteran-owned small business.
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Reminder: 2023 CDRLF grant round open through June 30
Low-income and MDI credit unions have until June 30 to apply for Community Development Revolving Loan Fund grants. NCUA will administer approximately $3.5 million in CDRLF grants to the most-qualified applicants, subject to the availability of funds.
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Golf classic raises over $59K for CMN Hospitals
Credit unions and business partners came together to help raise over $59,000 for Children’s Miracle Network Hospitals (CMN Hospitals) at the Credit Union Miracle Day’s Annual Charity Golf Classic. Credit unions have raised more than $150 million for CMN Hospitals over the past 25 years.
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CUNA offices closed May 29 for Memorial Day
CUNA offices in Washington, D.C., and Madison, Wis., will be closed Monday, May 29, in observance of Memorial Day. There will be no Daily email May 29. The Daily will resume May 30.
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