Cooperative Trade Associations Need to Evolve with the Times

Cooperative Trade Associations Need to Evolve with the Times

Trade Associations have had a critical role in the credit union industry over the years. Chip Filson is concerned though that they may be resting on their laurels, and have failed to evolve with an ever changing industry. What does the future hold in store for them?

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Credit Unions, Businesses Say PPP Loan Forgiveness Process is Daunting

Credit Unions, Businesses Say PPP Loan Forgiveness Process is Daunting

As businesses and credit unions move into the Paycheck Protection Program’s loan forgiveness process, they are reporting that it is so complex and burdensome that they have had to spend valuable time and resources on the paperwork, reports David Baumann of the Washington CU Daily.

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Credit Union Trade Groups Renew Push for Member Business Loan Cap Increase

Credit Union Trade Groups Renew Push for Member Business Loan Cap Increase

David Baumann of the Washington CU Daily reports on credit union trade groups who are renewing their call for Congress to lift the credit union Member Business Lending cap, saying the limit is an arbitrary restriction that keeps financial institutions from providing crucial assistance during the coronavirus economic crisis.

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Federal Credit Unions May Use Federal Courts, Appeals Court Says

Federal Credit Unions May Use Federal Courts, Appeals Court Says

In a ruling that sounds strange but that credit unions say is extremely important, a U.S. appeals court affirmed this week that federal credit unions may use the federal court system, reports David Baumann of the Washington CU Daily.

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