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Credit Union Daily News
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.

Economic Update discusses crypto trends and risks
CUNA Senior Economist Ligia Vado discussed cryptocurrencies, risks and trends, and consumer interest in the latest CUNA Economic Update.

Filene provides a holistic financial well-being approach
The Filene Research Institute recently hosted a webinar, 'Putting Financial Well-being for All into Practice,' to move credit unions from commitment to action for their members.

CU Hero of the Year shares collaboration success
Mary Ann Pusateri, CEO of Partnership Financial Credit Union, appeared on CU Broadcast to discuss her Credit Union Magazine 2022 Credit Union Hero of the Year award.

Comments due on customer service, credit card late fees
Comments on several items relevant to credit unions are due in the next several weeks, including the CFPB’s advance notice of proposed rulemaking (ANPR) on credit card late fees.

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.

World Council, Filene to share Madison office
World Council of Credit Unions (WOCCU) will share Filene Research Institute’s space in its Madison, Wis., office at the end of summer.

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.

CrossState’s Conway applauds Pennsylvania legislation
On Friday, the Pennsylvania House of Representatives passed HB 331.

Voice service providers back CUNA position on call blocking codes
A coalition of voice service providers filed an ex parte letter with the Federal Communications Commission Friday expressing direct support of CUNA’s recently filed letter on call blocking notification codes.

NCUA delivers recommendations to National Bank of Ukraine, Deposit Guarantee Fund
Representatives from NCUA conducted two June briefings on how to charter, regulate and supervise credit unions, implement support programs for small credit unions and build a deposit insurance with the National Bank of Ukraine and Ukraine's Deposit Guarantee Fund

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. 

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. 

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

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.

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.

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."

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.

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.

Ukrainian agricultural loan reimbursement program launches
The Worldwide Foundation for Credit Unions’ (WFCU) Ukrainian Credit Union Displacement Fund is providing $100,000 in targeted aid to farmers faced with an increasing food security crisis brought on by Russia’s war in Ukraine.  

Credit union supporters win primaries, special election Tuesday
Credit union champions won in primaries in several states and a special election in Nebraska Tuesday. Credit Union Legislative Action Council (CULAC) and state Leagues have backed 213 credit union champions this cycle with a 98% success rate.

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. 

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.

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.

Approps markups, housing hearings scheduled this week
The House Appropriations Committee is expected to mark up the FY23 State, Foreign Operations, and Related Programs and Interior, Environment, and Related Agencies Appropriations bill starting Wednesday.

Comment deadline extension needed for CFPB late fee ANPR
The CFPB should extend the comment deadline on its advance notice of proposed rulemaking on credit card late fees and late payments by 60 days, CUNA wrote, as the ANPR issued last week has a 30-day comment deadline.

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.

MCUEs: Credit union loans outstanding increased 1.9% in April
Credit union loans outstanding increased 1.9% in April, compared to a 1.8% increase in March of 2022 and a 0.5% increase in April of 2021, according to CUNA’s latest Monthly Credit Union Estimates.

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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