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CCUA Launches Small Credit Union Assistance Program
In its ongoing effort to support the growth and development of small credit unions, the Cooperative Credit Union Association (CCUA) today unveiled a new source of funding dedicated exclusively to help its small credit unions improve services to their members.
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MWCUA, NWCUA merger creates GoWest
The Mountain West Credit Union Association (MWCUA) and Northwest Credit Union Association (NWCUA) is officially GoWest Credit Union Association, as of July 5.
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Oversight needed for digital assets marketplace
In a letter to the Department of Commerce’s International Trade Administration, CUNA said it supports developing a comprehensive regulatory framework governing digital assets that protects consumers, financial institutions, and the economy.
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Michigan governor signs financial literacy education bill
Michigan Gov. Gretchen Whitmer signed House Bill 5190, a bipartisan bill updating Michigan’s high school curriculum to include a financial literacy course for the first time in state history. The Michigan Credit Union League and Michigan's credit unions supported the legislation.
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Interagency webinar covers latest flood insurance Q&As
Staff from NCUA and other federal financial regulators will conduct an interagency webinar focusing on recently issued 2022 Interagency Questions and Answers Regarding Flood Insurance. Registration is open for the free webinar, which is scheduled for July 27 from 2 to 3 p.m. ET.
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CFPB issues advisory opinion on debt collection fees
The Consumer Financial Protection Bureau issued an advisory opinion on fees charged by debt collectors, known as “pay-to-pay” or “convenience fees.” CUNA filed an amicus brief related to this issue in February in the Ninth Circuit Court of Appeals
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Applications for CUAC, other advisory groups, open July 5
The CFPB is accepting applications to its Credit Union Advisory Council and other advisory committees starting July 5. The CUAC advises the CFPB on regulating and consists entirely of representatives from CUNA member credit unions.
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MWCUA, NWCUA complete merger, new name coming next week
The Mountain West and Northwest Credit Unions Associations completed their merger Thursday. forming a new six-state Association poised to advance and elevate the collective credit union voice. The new name, logo, and branding will be revealed Tuesday, July 5.
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Credit unions exist to serve members in all market conditions
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."
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CDP should be funded at $50M to aid international cooperatives
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.
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MnCUN's Cummins announces retirement in April 2023
The Minnesota Credit Union Network announced Mark Cummins will retire as President and CEO of the state trade association next spring. Cummins has served in the role for 15 years, and has served on the CUNA Executive Committee and chaired AACUL's board.
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League leaders talk inclusion, community service
Michigan Credit Union League President/CEO Patty Corkery welcomed a fellow League president on her Credit Unions, Coffee, and Conversations podcast, Credit Union Association of New Mexico President/CEO Juan Fernandez Ceballos.
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CDFI Fund offering $1.73B to help communities recover from pandemic
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.
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FFIEC releases 2021 mortgage lending data
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.
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Dakota League's Olson: CUs help members feel secure
Credit unions have lots to offer when it comes to helping members feel financially secure, Dakota Credit Union Association Jeff Olson wrote in The Minot Daily News, noting credit unions provided $12,557,606,745 in direct financial benefits to members in 2021.
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Recertify CCUFC designations during August eSchool
Earning and maintaining the Certified Credit Union Financial Counselor (CCUFC) designation is important for any credit union staff member who wants to counsel members to improve their financial well-being.
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