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.
CU Trades: NCUA Doesn’t Need Beefed Up Consumer Protection Exams
Previewing their testimony for Thursday’s hearing on the NCUA budget, the two national industry trade groups on Monday said they vehemently oppose the agency’s plan to hire additional examiners to focus on consumer protection, reports David Baumann of CUCollaborate.
Eltropy Announces Integration with Portico from Fiserv for Enhanced Credit Union Member Engagement
Eltropy, the leading digital conversations platform for community financial institutions (CFIs), today announced its integration with Portico® from Fiserv, a full-service account processing platform.
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.
