NCUA to Test Provisional Charter to Solve ‘Chicken-or-Egg’ Dilemma
David Baumann of CUCollaborate reports that the NCUA will be able to start a pilot program by September designed to make it easier for organizers to start a credit union, officials from the agency’s Office of Credit Union Resources and Expansion told the agency board Thursday.
As Credit Card Debt Hits New High, PALs Reassert Their Value for Credit Union Members
QCash’s Seth Brickman discusses how NCUA’s Payday Alternative Loan program can be a boon to members who might otherwise rely on more predatory lending options or the credit cards in their wallets.
Streamlining Field of Membership Expansion Will Hurt Small Credit Unions Say Community Bankers
Following the NCUA Board’s February approval of a proposal streamlining the field of membership application process, the change is now coming under fire by community bankers, reports CUSO Magazine’s Esteban Camargo.
NCUA Equity Ratio Drops, but Board Isn’t Panicked
The NCUA’s equity ratio dropped to 1.25% as of the end of March, but agency board members said Thursday there is no need to panic, reports David Baumann of CUCollaborate.
House Financial Services Committee Drafts Legislation to Increase Credit Union and Bank Oversight Following Bank Failures
Following the collapse of three major banks, the House Financial Services Committee has announced legislation which would require financial regulators such as the NCUA to provide semi-annual reports, detailing credit unions that underperformed on examinations, reports Emily Claus.
Re-Imagining Federal Credit Unions’ Fields of Membership
Chip Filson shares some history on how Ed Callahan helped shape the credit union industry by opening up new possibilities in credit union field of membership, seeking to repurpose it as a building block, not a regulatory hurdle.
NCUA’s Community Development Revolving Loan Fund to Award Up to $3.5M in 2023
The National Credit Union Administration announced that eligible credit unions will once again be able to apply for Community Development Revolving Loan Fund (CDRLF) grants in 2023, with the application window opening from May 1 to June 30, reports Esteban Camargo.
Explaining Liquidity in Credit Unions
It’s Financial Literacy Month and CUSO Magazine’s Esteban Camargo is back to explain key financial and economic concepts that impact our industry. In this article, Esteban attacks liquidity, explaining what it is and how credit unions manage it.
Community Banks, Credit Unions Sound Similar Themes, But Not for Long
After the failure of both Silicon Valley and Signature banks, community banks and credit unions have been seemingly united under a common enemy and are pointing the finger at larger banks. Though their interests won’t intersect for long, David Baumann warns.
What Do This Weekend’s Bank Failures Mean for Credit Unions?
Chip Filson recaps the recent failures of two mid-sized banks, the threat to the financial system, and what it means for credit unions in the near future.
