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NCUA releases OMWI annual report to Congress
NCUA released its Office of Minority and Women Inclusion annual report Wednesday detailing the agency’s progress in 2020 in advancing diversity, equity, and inclusion in its workforce. The report also highlights the agency’s efforts to ensure fair and inclusive business practices.
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ICUS introduces new CU Kind “Kids Who Care” initiative
The Illinois Credit Union System has successfully concluded its first CU Kind® initiative of 2021 culminating in donations totaling $2,800 to seven local charity organizations. The program is designed to engage ICUS staff and their families to share an organization whose mission is important to them.
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Increased CDP funding, USAID procurement reform needed
CUNA called on the House Appropriations Committee to ensure increased funding for the USAID's Cooperative Development Program in FY2022 and for procurement reform at USAID that ensures fair access to agency awards for smaller U.S. private voluntary and not-for-profit organization.
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NWCUA releases economic, community impact report
Credit union advocates in Idaho, Oregon and Washington have new, data-rich tools to support their advocacy and public awareness work this year. The Northwest Credit Union Association is providing its member credit unions with a suite of resources documenting credit unions’ economic and community impact.
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Agencies issue statement, RFI on BSA/AML Compliance
The federal banking agencies, in consultation with FinCEN and NCUA, issued a joint statement Friday addressing on risk management principles, as well as an RFI on the extent to which they support BSA/AML compliance.
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CUNA receives first nomination for Class C board special election
CUNA has received its first nomination for the Class C CUNA Board special election: Jose Lara, chief operating officer, SchoolsFirst FCU. A second special election is ongoing, for the District 6, Class B position. All nominations and seconds must be submitted by 5 p.m. (ET) April 22.
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PCA flexibility coming soon from NCUA
NCUA Chairman Harper recently indicated the agency will soon take action to reinstitute PCA relief that expired at the end of 2020, says CUNA Chief Advocacy Officer Ryan Donovan, who added more information will be available over the next few weeks.
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NCUA’s Harper talks with CUNA Small CU Committee
NCUA Chairman Todd Harper spoke with CUNA’s Small Credit Union Committee this week on various ways NCUA can help small credit unions continue to serve members in economically challenged times.
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CUNA leaders talk CFPB supervision compliance details
CUNA Chief Compliance Officer & Counsel Jared Ihrig and Senior Director of Advocacy and Counsel Alexander Monterrubio addressed what Consumer Financial Protection Bureau (CFPB) supervision will mean for credit unions, particularly over the next several years, during a webinar Thursday.
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Credit Union Business Lending Certification sessions begin in June
Registration is open for CUNA Business Lending Certification Virtual School, which begins in June. The sessions are credit-union-specific, and help with comprehending heavily regulated services. The virtual school is also the pathway toward the Credit Union Business Lending Professional certification.
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Donovan: CUs eager to bring financial services to communities
It’s more important than ever that communities retain access to a local financial partner that can meet their needs, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices Wednesday, adding that credit unions are eager to be that partner.
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Samaha & Associates joins as newest CUNA Associate Business Member
Samaha & Associates has become a business partner in advocacy for credit unions as the newest associate level CUNA Associate Business Member. For over 23 years, Samaha & Associates has aided hundreds of credit unions in enhancing respective technology and service platforms,
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Compliance: FinCEN seeks input on new CDD proposals
FinCEN is soliciting public comment on questions pertinent to the implementation of the Corporate Transparency Act, enacted into law as part of the National Defense Authorization Act for Fiscal Year 2021 Jan. 1. Comments are due by May 5.
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Tiffany Niederwerfer promoted to Vice President of Marketing for CUNA
CUNA announced Tuesday that Tiffany Niederwerfer has been promoted to Vice President of Marketing, effective immediately. In her new role, Niederwerfer will be responsible for all activities related to CUNA’s brand identity and will oversee the execution of the organization’s marketing strategy.
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CFPB review of General QM rule brings uncertainty to system
The CFPB's stated intention to review the General QM rule brings uncertainty and instability to the mortgage financing system, CUNA wrote in response to a statement indicating it would review the General QM Final Rule, finalized on December 10, 2020.
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CFPB proposes foreclosure moratorium until 2022
The CFPB proposed a set of rule changes intended to prevent foreclosures and assist consumers as the emergency federal foreclosure protections expire, including temporary amendments to Regulation X’s mortgage servicing requirements regarding loss mitigation
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Economic Update examines SIF premium possibilities
CUNA Chief Economist Mike Schenk examines the chances of NCUA issuing an NCUSIF premium and other topics in this month’s Economic Update video. NCUA Chairman Todd Harper said the agency may no longer be able to avoid charging a premium.
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Nomination received for CUNA board special election
CUNA received its first nomination for the District 6, Class B special election: Seth Schaefer, president/CEO, Rivermark Community CU, Beaverton, Ore. All nominations and seconds must be submitted by 5 p.m. (ET) April 22.
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Foundation announces credit union philosophy workshops
The National Credit Union Foundation will host four online Exploring Why™ Workshops tailored to important audiences within the credit union movement to provide a cooperative learning environment that builds an understanding of the credit union difference.
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