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Nusenda returns over $7.8 million to members
Nusenda Credit Union announced the distribution of more than $7.7 million in Earn Your Return bonus dividends and Community Rewards to qualifying members. In addition, qualifying business members received over $192,000 in Business Debit Card rewards.
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Hearings on modern banking, housing scheduled this week
Both chambers of Congress are in Washington, D.C, this week. A House Financial Services Subcommittee will conduct a hearing that will cover several pieces of legislation, including a draft financial data privacy bill, and the Senate Banking Committee will conduct a hearing on housing.
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Disneyland will host CUNA Finance Council Conference May 21-24
The CUNA Finance Council Conference will convene in May at the AAA Four Diamond Award-winning Disneyland Hotel, and speakers and sessions for this annual conference are based on attendee and member feedback and curated specifically by and for credit union finance professionals.
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Compliance: NCUA to take flexible approach to HMDA reporting
NCUA issued a Regulatory Alert indicating it will take a flexible supervisory and enforcement approach to court-ordered changes to the 2020 HMDA rule. This comes after a court vacated the portion of the HMDA final rule that amended the closed-end loan reporting threshold.
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Auto lending report shows significant credit union member savings
Credit unions continue to fulfill their mission through extremely favorable auto lending interest rates, according to CUNA’s inaugural Credit Union Auto Lending Monthly Report. Consumers on the lowest end of the credit score spectrum average $13,204 in life-of-loan savings compared to other lenders.
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CUNA leaders meet with NCUA Chairman Harper
CUNA President/CEO Jim Nussle, EVP/Chief Advocacy Officer Robert Lewis, and Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak met with NCUA Chairman Todd Harper Thursday to discuss issues facing credit unions in a challenging economic environment.
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House passes CUNA, League-led board modernization bill
The House passed the CUNA-League-led Credit Union Board Modernization Act Monday night. CUNA wrote to House leadership Monday prior to the vote calling stating urging members of the House to vote in favor of the bill.
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Worldwide Foundation launches new grant programs for Ukraine
Worldwide Foundation for Credit Unions disbursed three new grants worth a total of $355,000 from its Ukrainian Credit Union Displacement Fund to help credit unions in Ukraine cover the cost of operating expenses, purchase alternative sources of power and recover the unpaid interest on loans.
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Key committee leaders supportive of credit union priorities
Key committee chairs and ranking members of the 118th Congress are familiar faces to credit unions and Leagues, including the Senate Banking, Housing, and Urban Affairs Committee; Senate Finance Committee, House Financial Services Committee, and House Ways and Means Committee.
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