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.
In the Wake of Silicon Valley Bank Collapse, NCUA Chairman Harper Issues Statement
Following the events of the weekend, during which two mid-sized banks collapsed, NCUA Chairman Todd Harper issued a statement on the safety and soundness of the credit union system, reports CUSO Magazine’s Esteban Camargo.
Democrats Call on NCUA, Financial Regulators to Focus on Zelle
Financial regulators, including the NCUA, must do more to protect members and customers who fall victim to scams and fraud when using the Zelle payment network, five Democratic senators told the regulators last week, reports David Baumann of CUCollaborate.
Who is NCUA’s Customer?
Chip Filson ponders who the NCUA serves: members, credit unions, the Treasury, or maybe something else.
Four Industry Leaders Awarded the Herb Wegner Memorial Award
On February 23rd, the NCUF will award four industry champions with the Herb Wegner Memorial Award. Alycia Meyers reports on this year’s winners and the long list of achievements that earned them this lifetime award.
NCUA Board Approves Proposal to Streamline FOM Applications
David Baumann of CUCollaborate shares the NCUA’s new ruling on field of membership applications as well as the organization’s calls for third-party vendor authority—a move the NCUA has been repeatedly campaigning for.
