Bringing Communities Together On International Credit Union Day 2024

Bringing Communities Together On International Credit Union Day 2024

As credit unions worldwide celebrate the 76th annual International Credit Union Day, Emily Claus shares the history of the event, the year’s theme, and how credit unions are commemorating the occasion.

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Justice Department Takes Action for the First Time Against a Credit Union Following Redlining Allegations

Justice Department Takes Action for the First Time Against a Credit Union Following Redlining Allegations

In its first ever action against a federal credit union, the Department of Justice agreed to a landmark $6.5M settlement with Citadel Federal Credit Union, putting pressure on credit unions with expanded fields of membership.

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America’s Credit Unions Submits Letter on Potential Amendments to National Defense Authorization Act

America’s Credit Unions Submits Letter on Potential Amendments to National Defense Authorization Act

Last week, America’s Credit Unions submitted a letter regarding the National Defense Authorization Act, asking committee members to oppose amendments to key credit union issues, Emily Claus reports.

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Double-digit Billion Dollar Credit Unions Announce Intentions to Merge

Double-digit Billion Dollar Credit Unions Announce Intentions to Merge

CUSO Magazine’s Esteban Camargo reports on the announcements of $11.9B Digital Federal Credit Union and $16.7B First Tech Federal Credit Union and their intentions to merge in 2025.

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America’s Credit Unions Pushes Back Against NCUA’s Proposed Succession Planning Rule

America’s Credit Unions Pushes Back Against NCUA’s Proposed Succession Planning Rule

In response to the NCUA’s proposed rule on succession planning, America’s Credit Unions has spoken out against the organization’s plans and asking them to reconsidering, calling the rule redundant and harmful, reports Emily Claus.

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NCUA’s Quarterly U.S. Map Review Reveals Credit Unions Weathering the Economy

NCUA’s Quarterly U.S. Map Review Reveals Credit Unions Weathering the Economy

CUSO Magazine’s Esteban Camargo reports on the latest NCUA quarterly U.S. map review, which shows that the median credit union may be struggling in key metrics when compared with the year prior.

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NCUA Releases Second Quarter Credit Union Performance Data

NCUA Releases Second Quarter Credit Union Performance Data

As the National Credit Union Administration releases the second quarter 2024 credit union performance data report, Emily Claus reports on some of the notable findings and changes from the previous quarter.

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NCUA Extends Temporary Interest Rate Ceiling for Federal Credit Unions

NCUA Extends Temporary Interest Rate Ceiling for Federal Credit Unions

The NCUA board voted in July to extend the 18 percent interest rate ceiling through May 2026. CUSO Magazine’s Esteban Camargo reports.

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America’s Credit Unions Calls On NCUA to Make Significant Changes During EGRPRA Review

America’s Credit Unions Calls On NCUA to Make Significant Changes During EGRPRA Review

In response to the NCUA’s call for comments regarding its voluntary regulatory review, America’s Credit Unions has submitted a letter calling for large changes including expanding field of membership and raising interest rate caps.

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Illinois Law Restricting Interchange Fees Unites Banks and Credit Union Groups

Illinois Law Restricting Interchange Fees Unites Banks and Credit Union Groups

Banking and Credit Union groups have joined forces to file a legal complaint in Illinois to oppose the recently signed Illinois Interchange Fee Prohibition Act. Esteban Camargo reports on the groups’ filing and the law it seeks to prevent.

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