Members of CUNA and NAFCU Approve Merger
The proposed merger between CUNA and NAFCU to form America’s Credit Unions was approved last week by members of the organizations. The new entity will be legally formed on the first of the new year, reports Emily Claus.
NCUA’s Proposed 2025 Operating Budget Would Be Nearly $100 Million More Than Its Approved 2022 Budget
NCUA’s budget proposal for 2024-2025 has been released, and the numbers they are asking for should be setting off alarms with credit unions, says CUSO Magazine’s Esteban Camargo.
Marijuana Businesses Sue to Gain Access to Financial Services
Due to a lack of federal regulation, many financial institutions cannot serve marijuana businesses without risk of repercussions. This inaccessibility leaves marijuana businesses open to safety and financing issues, the Massachusetts marijuana businesses argued when they filed their lawsuit last week, reports David Baumann.
NCUA Board Nominee Tanya Otsuka Testifies at Confirmation Hearing
On Thursday, October 19, during a confirmation hearing before the Senate Committee on Banking, Housing and Urban Affairs, NCUA board nominee Tanya Otsuka provided her opening statement, reports Esteban Camargo.
Credit Unions Worldwide Celebrate the 75th Annual International Credit Union Day
On the 75th Annual International Credit Union Day, Emily Claus reports on the history of the event, past themes, and the celebrations going on across the world for the momentous occasion.
Senate Panel to Consider Otsuka Nomination to NCUA Board
The Senate Banking Committee on Oct. 19 will hold a confirmation hearing on the nomination of Tanya Otsuka to be a member of the NCUA board, reports David Baumann of CUCollaborate.
New Community Bank Survey Claims Credit Unions Are Not The Competition
The Conference of State Bank Supervisors has released its 2023 Community Bank Survey, which revealed that community banks do not view credit unions as their main competition in any product or service, reports Emily Claus.
NCUA Awards $3.1 Million in 2023 CDRLF Round
The NCUA announced Thursday that it has awarded $3.1 million in Community Development Revolving Loan Fund grants to 142 low-income credit unions and MDIs, reports David Baumann of CUCollaborate.
NCUA Passes Rule to Remove Barriers to Credit Unions Working with Fintechs
During its eighth open meeting of 2023, the NCUA Board unanimously approved a new rule that will improve the ability of federally insured credit unions (FICUs) to partner with financial technology companies, reports CUSO Magazine’s Esteban Camargo.
Flood Insurance Program to Expire Unless Congress Acts Quickly
On Sept. 30—the end of the fiscal year—the authorization for the NFIP to write new policies expires, which could cause the postponement of thousands of home purchases, reports David Baumann of CUCollaborate.
