2024: What’s in Store for the Credit Union Industry?
As we step into 2024, David Baumann reports on where the industry is headed and what big moves from major players such as the NCUA, the newly formed America’s Credit Unions, Congress, and the CFPB we can expect.
Nussle Report Provides New Details on America’s Credit Unions
Following the formation of America’s Credit Unions, President and CEO of the organization, Jim Nussle, has spoken up about the group’s plans and goals moving forward, as well as how they are already advocating for credit unions within the industry. Emily Claus reports.
Top 10 CUSO Magazine Articles of 2023
As we move into 2024, the CUSO Magazine team took a moment to reflect on 2023 by sharing the most widely read articles of the year.
America’s Credit Unions Officially Launches
New industry advocacy group, American’s Credit Unions was officially formed on January 1st, ushering a great start to the new year for credit unions. Emily Claus reports on the organization’s plans for the year, new leaders, and how credit unions can stay in-the-know.
Despite Earlier Success, Marijuana Banking May Be a Ways Off
With Congress recessed, any expectations for protections to financial institutions serving cannabis businesses will have to wait until 2024, and most lobbyists and Congressional staff suggest even that is unlikely.
Credit Unions Keep Communities Merry and Bright this Holiday Season
With the holiday season upon us, Emily Claus provides easy yet impactful ways for credit unions to give back to their communities and shares a few examples of the ways credit unions are going above and beyond.
NCUA Board Finalizes 2024-2025 and Central Liquidity Facility Budgets
Following its October budget proposal and subsequent commenting period, the NCUA Board has approved the 2024-2025 and Central Liquidity Budgets, reports CUSO Magazine’s Esteban Camargo.
House Passes Resolution of Disapproval for CFPB’s Section 1071 Rule
The House has passed a resolution of disapproval for the CFPB’s rule on Section 1071 of the Dodd-Frank Act, which would require credit unions to collect data on certain applications for credit. Emily Claus reports on the rule and what the next steps are.
Climate Advocates Call for NCUA to Establish ‘Resilience Office’
The NCUA should fund a Climate Resilience Office as part of its 2024 budget, environmental, progressive and consumer groups told the agency this month. CUCollaborate’s David Baumann reports.
NCUA Inspector General Auditing CU Chartering Process
Following the NCUA’s proposal to streamline the chartering process earlier this year, the NCUA Inspector General has announced he will be doing an audit on the process to determine its effectiveness, reports David Baumann of CUCollaborate.
