Prize-Linked Savings Allowed in Bill Passed by Pennsylvania House of Representatives

Prize-Linked Savings Allowed in Bill Passed by Pennsylvania House of Representatives

The Pennsylvania House of Representatives passed House Bill 331 sponsored by Representative Rosemary Brown (R-Monroe/Pike) allowing incentive-based savings programs and protecting financial institutions from offering cannabis-related business services, reports Esteban Camargo.

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Takeaways from the 2022 CU*Answers Leadership Conference

Takeaways from the 2022 CU*Answers Leadership Conference

CU*Answers held its Annual Leadership Conference discussing the future of the industry and of CU*Answers as it moves forward into 2023. Check out the key takeaways from each section of the event!

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Bill Expanding Credit Union Fields of Membership Passed by House

Bill Expanding Credit Union Fields of Membership Passed by House

On Wednesday, June 15, the House passed the Expanding Financial Access for Underserved Communities Act which will give federal credit unions the ability to expand their fields of membership to include underserved communities, reports CUSO Magazine’s Esteban Camargo.

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Federal Housing Administration Gains Support for Forty-Year Mortgage Proposal

Federal Housing Administration Gains Support for Forty-Year Mortgage Proposal

As the comment period for the 40-year mortgage proposal made by the Federal Housing Administration drew to a close, NAFCU and CUNA voiced their support, reports Esteban Camargo.

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Is It Time for Credit Unions to Get Their Bank On?

Is It Time for Credit Unions to Get Their Bank On?

With overdraft fees in the crosshairs, certified Bank On accounts are gaining recognition. Esteban Camargo explains what these accounts are and how credit unions can implement them at their institutions.

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CUNA Releases Study on Credit Unions’ DEI Efforts

CUNA Releases Study on Credit Unions’ DEI Efforts

Esteban Camargo reports on the Credit Union National Association’s recently published study on credit union efforts to incorporate diversity, equity, and inclusion efforts into their strategic plans.

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Senate Subcommittee Meets to Discuss Overdraft Fees

Senate Subcommittee Meets to Discuss Overdraft Fees

The United States Senate Subcommittee on Financial Institutions and Consumer Protection met on Wednesday, May 4 to discuss overdraft fees and their effects on working families. Esteban Camargo reports on the discussion.

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NACUSO Fills Six Seats as a Result of the 2022 Board Election

NACUSO Fills Six Seats as a Result of the 2022 Board Election

The National Association of Credit Union Services Organizations (NACUSO), announced the results of their 2022 Board Election in the Annual Membership Meeting on April 26, 2022 at the Disney Yacht & Beach Club Conference Center in Orlando, FL.

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The CAMELS in the Room

The CAMELS in the Room

Starting April 2022, NCUA introduced a new letter to the CAMEL rating system: “S” for Sensitivity to Market Risk. Esteban Camargo gives a brief history of CAMELS and what each letter stands for in this financial literacy month series.

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Michigan Legacy Credit Union partners with Wayne State University Institute of Gerontology to fight financial exploitation of vulnerable adults

Michigan Legacy Credit Union partners with Wayne State University Institute of Gerontology to fight financial exploitation of vulnerable adults

Michigan Legacy Credit Union (MLCU) announced it has launched a pilot program with Wayne State University’s Institute of Gerontology to help protect its vulnerable members from financial exploitation. The announcement was made by Michigan Legacy Credit Union President and CEO Carma Peters.

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