A Decade of Service: Site-Four Celebrates Milestone Anniversary
In honor of Site-Four’s tenth anniversary, Emily Claus delves into the history of the data center, its successes, and the hard work of everyone involved.
The House Financial Services Committee Approves Controversial Legislation to Limit Overdraft Fees
Last week, the House Financial Services Committee approved overdraft legislation which would limit the number of overdraft fees banks and credit unions can charge their clients. Emily Claus discusses the bill’s future and repercussions.
House Passes Bill on NCUA Third-Party Authority and Marijuana Banking
Last week, the House of Representatives passed the National Defense Authorization Act. Emily Claus details what parts of the bill impact credit unions and what changes can be expected.
USPS Banking Pilot Faces Legality Issues From Multiple Opponents
In September of 2021, the United States Postal Service announced it would begin a new program at a few select offices wherein people could cash their paychecks or business checks in exchange for gift cards. Participants could cash checks up to $500. The program at the time was met with...
Filene Research Institute Reveals Results of DEI Survey
Emily Claus shares the results of the Filene Research Institutes survey on DEI Practices and Policies including where credit unions are succeeding and where there is room for improvement.
Maine Harvest Credit Union to Merge Only Two Years After Opening
Maine Harvest Federal Credit Union has announced it will be merging with other Five County Credit Union—only two years after its much-publicized opening. Emily Claus dives into the reasons behind the merge.
Letter From NCUA Chairman Makes Crypto Services More Accessible for Credit Unions
NCUA Chairman Harper has finally responded to requests for the NCUA to issue regulations for working with cryptocurrency technology in a four-page letter. Emily Claus details the contents of the letter and what this means going forward.
The Death of the Member
Are credit union members slowly being transitioned from owners to customers, and if so, can the cooperative foundation of the industry survive? Emily Claus weighs in.
NCUA Argues for Third-Party Vendor Authority in Capitol Hearing
The NCUA has made another bid for third-party vendor authority, this time focusing on AI technology. Citing shortcomings with small credit unions, the NCUA argues that their intervention is necessary for both security and financial reasons.
New Bill Aims to Prevent the SBA From Becoming a Direct Lender
Republicans have introduced a new bill to congress that aims to scale back the Small Business Association’s lending abilities, leaving a gap for credit unions to fill in the lending sphere. Emily Claus details the contents of the bill as well as CUNA’s endorsement of it.
