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...
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.
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.
CU*Answers’ Communi7y Crew Hosts Blood Drive
On Tuesday, June 7th, 22 CU*Answers employees signed up for the blood drive hosted by the CU*Answers Communi7y Crew and Versiti. Michelle Gavalya details how the day went and the importance of donating.
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!
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.
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.
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.
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.
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.
