Industry News

Is Your CU Offering Aid to Workers Impacted by Shutdown? CUNA Collecting Info

America’s credit unions are embodying their structure and mission to ensure their members affected by the government shutdown have access to low- or no-interest loans with generous repayment terms. An estimated 800,000 federal employees and their families are facing financial uncertainty because they aren’t being paid during the shutdown. CUNA is currently collecting information regarding the assistance credit unions across the nation are providing.

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National CU Foundation Approves Three Grants for Credit Unions to Develop Financial Health KPIs

National CU Foundation will invest $54,000 in credit union financial health initiatives

MADISON, Wis. – The National Credit Union Foundation (the Foundation) has approved grants totaling $54,000 for three organizations to work with the Center for Financial Services Innovation (CFSI) to develop financial health-related key performance indicators (KPIs) to measure the financial health and business impacts of their products and services.

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National CU Foundation Announces New Engagement Department

The National CU Foundation Aligns Staff to Increase Credit Union Engagement and Involvement

MADISON, Wis. – The National Credit Union Foundation has announced a staff transition that will see three current employees take on exciting new roles with an increased focus on demonstrating the impact of Foundation programs and growing the number of Foundation supporters.

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NCUA’s streamlined CDFI application period starts Jan. 13

Federally-insured, low-income credit unions that want to become certified Community Development Financial Institutions (CDFI) can apply to use the National Credit Union Administration (NCUA)’s qualification process for streamlined CDFI certification from Jan. 13 through Feb. 9. The agency’s Office of Credit Union Resources and Expansion hosts a resource page with details about certification and the streamlined process.

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Ignite Your Passion at CUNA’s 2019 National Young Professionals Conference

MADISON, Wis. — Join CUNA, along with The Cooperative Trust, on June 13-14th in Madison, Wisconsin, for the chance to network with other future leaders in the industry and discover new perspectives and strategies for guiding your credit union to success.

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CUNA Board elections run through Jan. 29

The deadline for nominations for the 2019 CUNA Director elections has passed and five Directors have been elected by acclamation.

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Tickets & Sponsorships Now Available for National CU Foundation’s Wegner Awards Dinner

Celebrate a Night with the Stars at the Annual Fundraising Gala

Tickets and sponsorships are now available for purchase for the 31st annual National Credit Union Foundation Dinner Presenting the Herb Wegner Memorial Awards on March 11, 2019 at the Marriott Marquis in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.
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Acclaimed Author Malcolm Gladwell to Speak at 2019 CUNA GAC

CUNA announced that Malcolm Gladwell, author of New York Times bestselling books such as The Tipping Point and Blink, will deliver a keynote address at the 2019 CUNA Governmental Affairs Conference (GAC).

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IRS Notes Increase in Phishing Scams, Issues Warning

Noting a 60 percent increase in "bogus" email schemes seeking to steal money or tax data in 2018, the IRS Tuesday warned consumers to be on the lookout for "new, sophisticated email phishing scams" during the holidays and the 2019 tax filing season.

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FHFA Conforming Loan Limits Increased for 2019

The Federal Housing Finance Agency (FHFA) announced Tuesday its maximum conforming loan limits for mortgages acquired by government-sponsored enterprises Fannie Mae and Freddie Mac will increase in 2019 to a level of $484,350, an increase from $453,100 in 2018.

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NCUA Selects Leventis as Chief Economist

ALEXANDRIA, Va. – The National Credit Union Administration (NCUA) has selected Andrew Leventis as its new Chief Economist.

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America’s Credit Unions Invited to “Vote for Miracles”

Annual campaign to benefit children’s hospitals kicks off today, aims to generate one million votes

SALT LAKE CITY, UT – With the simple click of a mouse, credit union members and employees can make a difference in the lives of sick and injured children in their community.

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IRS Issues Warning on New Internet Tax Scam

The Internal Revenue Service (IRS) and Security Summit partners Monday warned the public of a surge of fraudulent emails impersonating the IRS and using tax transcripts as bait to entice users to open documents containing malware.

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NJEDA Establishes Small Business Unit

To help advance a key component of Gov. Phil Murphy’s comprehensive economic plan, the NJ Economic Development Authority (NJEDA) announced it has realigned operations to better foster a dynamic, supportive environment for the state’s entrepreneurs and small businesses, including the creation of a new dedicated small business unit. This follows other recent efforts of the NJEDA focused on increasing access to growth capital for historically underrepresented businesses.

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Fed Holds Rates, On Track for December Hike

As was expected, the Federal Open Market Committee (FOMC) did not raise rates at the close of its two-day meeting Thursday despite citing a strengthening labor market and increased economic activity.

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No Rate Hike Expected following FOMC's Meeting

The Federal Open Market Committee (FOMC), the Federal Reserve's monetary policy-setting arm, begins a two-day meeting today. A rate hike is not expected following this meeting, but one is widely anticipated at the conclusion of its December.

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Federal Reserve Payments Implementation Community Forum on November 2nd

On October 3rd, the Federal Reserve Board of Governors published a Federal Register Notice, requesting public comment on potential actions that the Fed could take to facilitate real-time interbank settlement of faster payments. In order to help the industry better understand these potential actions, they will be hosting a public town hall at the Federal Reserve Bank of New York, 33 Liberty Street, New York on Friday, November 2nd from 9:00 a.m. to 12:00 p.m. Town hall attendees will learn about and have the opportunity to ask questions and share views on the potential actions the Fed is considering.

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CU young professionals reflect on CUNA advocacy training

Several dozen young credit union professionals spent a day with CUNA staff and other policymakers and staff this fall, as part of CUNA’s advocacy training program for young professionals. While the training sessions were scheduled to take advantage of leagues in town for the fall Hike-the-Hill visits, many of the young professionals learned lessons that they said they’ll take with them as they continue their future advocacy work on behalf of credit unions.

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CUNA’s Michlig, Toalson talk awareness, 2019 momentum

Greg Michlig, CUNA’s Deputy Chief Engagement Officer, and Susan Toalson, CUNA Vice President, appeared recently on CUBroadcast to talk about credit unions’ strong momentum going into 2019, and how CUNA is poised to take advantage of the momentum. Michlig and Toalson appeared were interviewed during this year’s Northwest Credit Union Association’s MAXX Conference in Tacoma, Wash.

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Happy International Credit Union Day!

Today, October 18, 2018, marks the 70th anniversary of International Credit Union Day. This year’s theme is “Find Your Platinum Lining.” It combines the traditional gift of platinum for 70th anniversaries with a play on the saying “every cloud has a silver lining.” 

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NCUA Chairman McWatters’ Statement Congratulating Sarah Vega

ALEXANDRIA, Va. – National Credit Union Administration (NCUA) Chairman J. Mark McWatters congratulated Chief of Staff Sarah Vega on her selection as President and Chief Executive Officer of the Cooperative Credit Union Association and thanked her for her long and valuable service to the NCUA.

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CUAid Activated to Assist Credit Union People Affected by Hurricane Michael

MADISON, Wis. – The National Credit Union Foundation (the Foundation) has opened CUAid to receive disaster relief funds to assist credit union people affected by Hurricane Michael; a Category 4 hurricane that has caused catastrophic effects across Florida and Georgia and is expected to reach the already hurricane-soaked Carolinas. 

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CUs Represented for 2nd Year at NCBA’s Co-Op Festival

America’s credit unions were on full display last weekend at the National Cooperative Business Association’s (NCBA) CO-OP Festival on the National Mall in Washington, D.C. Credit union volunteers manned a tent during the festival that featured a money machine for visitors to step inside and see how much play money they could grab.

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National CU Foundation Announces 2019 Wegner Award Winners

Three to Receive Credit Union Movement’s Highest National Honors

MADISON, Wis. – The National Credit Union Foundation (the Foundation) is pleased to announce the winners of the 2019 Herb Wegner Memorial Awards. Diana Dykstra and Crystal Long will be recognized with Outstanding Individual Achievement Awards, and Nusenda Credit Union Foundation will be recognized as an Outstanding Organization by the Foundation.

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2019 CUDE Scholarship Application Now Open

The cycle for the 2019 Credit Union Development Education (CUDE) scholarships from the National Credit Union Foundation is now open. These scholarships – provided by the DE Founders Fund – offer registration support for up to eight candidates to attend one of the Foundation’s 2019 DE Programs. These scholarships are intended to support those individuals that cannot get institutional support to attend, those from smaller credit unions and international students who may have difficulty in finding the necessary funding.

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National Credit Union Foundation Board Nominations Open

MADISON, Wis. – The National Credit Union Foundation (the Foundation) is currently seeking nominations for four board seats. Volunteers may generally serve up to three terms of the duration of the term of office for the seat they are selected, as long as they are re-nominated by the Foundation Nominations Committee and re-elected by the Foundation Board.

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CUNA Hosting Economic Update Webinar October 30th

In our current robust economy, the more informed you are, the more able you are to take advantage of long-term opportunities for growth. Get the answers to your questions directly from CUNA senior economist Jordan van Rijn at the CUNA 2018 Economic Update Webinar, October 30th at 11 a.m. ET. In addition to taking attendee questions, topics Jordan will be covering include: current trends affection credit union operations, updated CUNA economic forecasts, and credit unions' role in serving the underserved.

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How CU Lending Makes a Difference, Tell Your Story Today!

CUNA and the Leagues are encouraging credit unions to share stories about how their lending activities have made positive differences in the communities they serve. Stories can be submitted to CUSocialGood.com. These stories are extremely valuable to credit union advocacy efforts.

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CUs Prioritizing Digital and Faster Payments Investments, Report Finds

Credit unions are more likely to prioritize investing in digital channel functionality than global, regional and community banks. However, more than one-quarter of credit union executives believe their digital investments are "too high." Although not a top priority, credit unions are also investing more in ATMs than global or regional banks.

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National Credit Union Foundation Approves Nine Biz Kid$ Financial Education Grants

MADISON, Wis. – The National Credit Union Foundation’s (the Foundation) board of directors has approved nine new Biz Kid$ Financial Education Grants for 2018-2019, totaling $53,100. These grants are distributed to encourage credit union organizations to use Biz Kid$ and its curriculum to improve students’ financial well-being. Biz Kid$ is the credit union funded public television series that teaches kids about money management and entrepreneurship.

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2019 GAC Registration Now Open

The New Jersey Credit Union League (NJCUL) and CUNA invite New Jersey credit unions to register for the 2019 CUNA Governmental Affairs Conference (GAC) scheduled for March 10-14, 2019 in Washington D.C.

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August 2018 NCUA Board Meeting Video Available

ALEXANDRIA, Va. – The video recording of the Aug. 2, 2018, open meeting of the National Credit Union Administration (NCUA) Board is now available on the agency’s Web site.

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Save The Date for Credit Union FINHEALTH19 in Las Vegas

With over half of the U.S. population struggling financially, the time is now to focus on your members' financial health. No matter where your credit union is on its financial health journey, Credit Union FINHEALTH19 will bring together leading experts and practitioners to help you engage with your members and communities and improve the financial health of your most important asset - your members.

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CUNA/leagues Named Most Influential Financial Services Advocates

CUNA and the league system are seen as the most influential financial services organizations and one of the most effective advocacy organizations in Washington, according to an independent study conducted by Ballast Research (formerly National Journal Research). Once again, CUNA is the leading association at representing the interests of its members, due to its success in creating the credit union narrative and sharing their story among Washington policymakers.

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McWatters: Financial Literacy is Key to Protecting Service Members

ALEXANDRIA, Va. – Financial regulatory agencies, non-profits, schools financial institutions, and the military must work together to improve the personal finance knowledge of service members and their families to prevent them from being financially exploited, NCUA Board Chairman J. Mark McWatters said this week.

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McWatters: Minority Credit Unions Play a Critical Role in Reaching the Underserved

ALEXANDRIA, Va. – Minority credit unions play a vital role in providing affordable financial services in the nation’s most underserved communities and the agency is looking at new ways to support them, National Credit Union Administration (NCUA) Board Chairman J. Mark McWatters said.

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National CU Foundation releases brief linking financial wellness to overall physical wellness

National Credit Union Foundation releases brief linking financial wellness to overall physical wellness and what to do about it. 

MADISON, Wis. – The National Credit Union Foundation (the Foundation) released a special brief entitled, “Health and Financial Well-Being: Two Good Things That Go Better Together” describing the need for financial service and health care professionals to collaborate to improve outcomes for the individuals they serve.

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June 2018 NCUA Board Meeting Video Available

ALEXANDRIA, Va. – The video recording of the June 21, 2018, open meeting of the National Credit Union Administration (NCUA) Board is now available on the agency’s Web site.

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Bite of Reality App Grants Now Available from National CU Foundation

Grant Funds Available to Add Technology to the Reality Fair Experience

Credit union organizations can now apply for a Bite of Reality App Grant from the National Credit Union Foundation (the Foundation) through August 31, 2018. The Foundation is looking to distribute up to $50,000 in grant funds to credit union organizations as part of this effort. 

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Dramatic Rise in Credit Card Info For Sale on Dark Web, Study Finds

The cybersecurity research firm IntSights released a report last week examining threats faced by financial institutions, which found that the amount of credit card information for sale on the dark web has roughly quadrupled over the past two years, with a 135 percent increase from the first half of 2017 through the first half of 2018.

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Lending, Membership Growth Lead May MCUEs

Lending and membership growth led strong credit union results in May, according to the latest Monthly Credit Union Estimates.

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Forbes’ CU and Bank Ranking: CUs Beat Banks, CUNJ Ranked #3 in NJ

Forbes recently partnered with market research firm Statista to produce its first-ever Best-In-State Banks and Credit Unions ranking. In total, 124 banks and 145 credit unions made the final cut, equaling 2.4% of U.S. financial institutions. Credit unions outpaced banks with an average score of 80 versus 75.2 for banks. Customers also rated CUs higher than banks: 4.42 for credit unions and 4.24 for banks, on a scale of 1 to 5.

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Changes to CU Webinar Network Emails

Do you participate in CU Webinar Network (CUWN) webinars? We have some good news! CUWN will soon be making a series of email enhancements. These changes will help serve you better, delivering information on webinars and training tailored to your wants and needs. Simply stated: fewer emails, more relevant content, everyone goes home happy.

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Nussle Opens ACUC with Awareness Initiative ‘Open Your Eyes to a CU'

CUNA intends to raise $100 million over the next three years to fund and sustain a research-driven national credit union awareness program, CUNA President/CEO told attendees at America’s Credit Union Conference (ACUC) in Boston on Friday. America’s credit unions and business partners, with support from CUNA, set the funding goal to launch in the digital marketplace through 2021.

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Credit Union Day at Yankee Stadium!

On behalf of our good friends to the North, the New York Credit Union Association, we want to make you aware of Credit Union Day at Yankee Stadium being held on Thursday, August 16th.

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NCUA to Host Share Insurance Webinars

ALEXANDRIA, Va. – Share insurance is a fundamental part of the nation’s credit union system, and credit union professionals can learn more about how it works on two upcoming webinars hosted by the National Credit Union Administration (NCUA).

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Foundation Issues 2nd Call for Proposals from CUs to Develop Financial Health KPIs

Grant Funds Available to Measure & Improve Members’ Financial Health

MADISON, Wis. – The National Credit Union Foundation (the Foundation) is looking for credit unions to submit proposals to work with the Center for Financial Services Innovation (CFSI) to develop financial health-related key performance indicators (KPIs) to measure the financial health and business impacts of their products and services. The deadline for credit unions to submit their applications is August 31, 2018.

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May 2018 NCUA Board Meeting Video Available

ALEXANDRIA, Va. – The video recording of the May 24, 2018, open meeting of the National Credit Union Administration (NCUA) Board is now available on the agency’s Web site.

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Federal Trade Commission Begins New Operation to Combat Scams on Small Businesses

At the Federal Trade Commission (FTC), our mission is to protect consumers, including small business owners. That’s why, when we see scammers taking money from small businesses, we step in. The FTC announced Operation Main Street: Stopping Small Business Scams, a coordinated law enforcement and education effort with state and federal partners, as well as the Better Business Bureau (BBB),to stop scams that target small businesses.

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Griffith named Foundation Marketing and Communications Director

MADISON, Wis. – The National Credit Union Foundation (the Foundation) has announced the addition of Brian Griffith, CUDE, as the new Director of Marketing and Communications, effective July 16, 2018. Griffith will lead all the Foundation’s marketing, communications and public relations strategy and execution.

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NCUA Issues Second Quarter Newsletter

ALEXANDRIA, Va. – The National Credit Union Administration released today the second quarter edition of its online newsletter.

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National CU Foundation Releases 2017 Impact Report

MADISON, Wis. – The National Credit Union Foundation (the Foundation) has released their 2017 annual Impact Report entitled, “The Power of Your Giving”. This report highlights the work of the Foundation in 2017 to improve people’s financial lives through credit unions.

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NCUA Will Host Grant Initiatives Webinar

ALEXANDRIA, Va. – Low-income credit unions interested in applying for Community Development Revolving Loan Fund grants this year can obtain valuable information on an upcoming webinar hosted by the National Credit Union Administration.

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FinCEN Updates: Correction to Administrative Ruling FIN-2018-R002

Correction to Administrative Ruling FIN-2018-R002: Beneficial Ownership Requirements for Legal Entity Customers of Certain Financial Products and Services with Automatic Rollovers or Renewals

The Financial Crimes Enforcement Network (FinCEN) issued an administrative ruling on Wednesday, May 16, 2018 to provide a 90-day limited exceptive relief to covered financial institutions from the obligations of the Beneficial Ownership Requirements for Legal Entity Customers (Beneficial Ownership Rule) with respect to certain financial products and services that automatically rollover or renew (i.e., certificate of deposit (CD) or loan accounts) and were established before the rule’s Applicability Date, May 11, 2018.

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Latest Data Breach, Chili's Restaurants

Some Chili's Grill & Bar restaurants were impacted by a data breach between March and April this year compromising customers' credit and debit card information.

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April 2018 NCUA Board Meeting Video Available

ALEXANDRIA, Va. – The video recording of the April 19, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s Web site.

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46 CU Professionals Become Certified CU Development Educators (CUDEs)

Foundation’s First Transformational CU Training of the Year

MADISON, Wis. – 46 credit union professionals became Credit Union Development Educators (CUDEs) after being guided by dedicated program facilitators and mentors through the intensive Credit Union Development Education (DE) Training from the National Credit Union Foundation (the Foundation). The DE training was held April 18 – 24, 2018 at the Lowell Center in Madison, Wis. 

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New Study Shows U.S. Consumers See Personal Finance as an Educational Requirement

Equifax Financial Literacy Survey Shows that 90% of Surveyed U.S. Consumers Believe Personal Finance Should Be Required to Graduate From High School

ATLANTA – Equifax Inc. this week released the results of its annual Financial Literacy Survey, in which an overwhelming number of surveyed respondents said they thought personal finance should be a required course to graduate from high school. This is the third year Equifax has conducted the survey.

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Change a Child’s Life with Pocket Change!

Help out your local Children’s Miracle Network Hospital this Spring by participating in the Credit Unions for Kids’ Change a Child’s Life Coin Collection Campaign! It is a great way to engage members in your fundraising initiatives. Simply place the canisters at your teller stations and member services representatives’ desks and invite members to donate their loose change when they stop by the branch. It’s very easy for members to donate the change from a check they are depositing. Remember, a little bit goes a long way!

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CUNA Collections & Bankruptcy School set for Orlando

The 2018 CUNA Collections & Bankruptcy School has been set for Sept. 17-20 in Orlando, Fla. Designed for collections professionals of all experience levels, the school provides a credit union-specific view of best practices, regulations and hot topics in collections and bankruptcy.

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Income Tax Filing Deadline Today

Today is the deadline to file 2017 income taxes. If you haven't started filing yet, the IRS recommends using e-file or IRS Free File. Doing so reduces tax return errors as the tax software does the calculations, flags common errors, and prompts taxpayers for missing information, according to the IRS.

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Biz Kid$ Receives Emmy Nomination for Season 6

Fourteenth Emmy Nomination for the Youth Fin Ed Program

MADISON, Wis. – Biz Kid$ has been nominated for a National Daytime Emmy Award for Outstanding Writing in a Children’s Program for Season 6 by the National Academy of Television Arts & Sciences. The awards presentation will take place on April 29th, 2018 in Pasadena, Calif.

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NCUA Talks ACET Exams During CUNA/FS-ISAC Webinar

CUNA staff joined with the Financial Services Information Sharing and Analysis Center (FS-ISAC) Thursday to host a webinar featuring NCUA staff on its new Automated Cybersecurity Examination Tool (ACET). NCUA developed ACET in 2017, piloted it in the third quarter and began ACET examinations in federally-insured credit unions with assets above $1 billion in December.

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March 2018 NCUA Board Meeting Video Available

ALEXANDRIA, Va. – The video recording of the March 15, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s Web site.

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Gigi Hyland Named Financial Literacy Advocate of the Year by Franklin Mint FCU

For her commitment to and active involvement in financial education, National Credit Union Foundation (the Foundation) Executive Director Gigi Hyland has been named 2018 Financial Literacy Advocate by Franklin Mint Federal Credit Union (FMFCU). She will be formally honored April 19, 2018 at the annual FMFCU Partners in Education Celebration, a premier academic achievement recognition event being held at Drexelbrook Corporate Events Center, Drexel Hill, Pa. 

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National Donate Life Month

Celebrated in April each year, National Donate Life Month features an entire month of local, regional and national activities to help encourage Americans to register as organ, eye and tissue donors and to celebrate those who have saved lives through the gift of donation.

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CUNA Offers Ways to Ease Call Reports for Credit Unions to NCUA

CUNA wrote to NCUA Friday to express it's appreciation for the agency's efforts to streamline the examination and supervisory process with an eye toward the future of the industry. The letter was sent in response to NCUA’s request for information on call report/profile content modernization.

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April is National Social Security Month!

National Social Security Month is celebrated in April and is dedicated to educating you about Social Security programs and services. From programs that help support you through life’s journey, to services that help put you in control, to systems that help protect what’s important to you, Social Security is committed to helping secure today and tomorrow for you and your family.

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National CU Youth Month Celebrates ‘The Science of Saving’

Science is supposed to be fun, and the science of saving will be full of awesome fun for young savers during National Credit Union Youth Month. With the theme “The Science of Saving,” America’s youth are encouraged to picture themselves in the future to make saving easier in the month of April.

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NCUA Posts New Share Insurance Fund Distribution Directions Online

ALEXANDRIA, Va. – Federally insured credit unions now can find online information about calculating and recording the planned Share Insurance Fund equity distribution from the National Credit Union Administration (NCUA).

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CUNA, FS-ISAC to Host NCUA for ACET Webinar on April 5

CUNA and the Financial Services Information Sharing and Analysis Center (FS-ISAC) will host a webinar with NCUA examiners to explain the new Automated Cybersecurity Examination Tool (ACET). The free webinar is scheduled for April 5, from 3 to 5 p.m. (ET), and registration is now open.

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Alert: USAA Notice to FIs Seeking Patent Licensing Fees - CUs Check Your RDC Indemnification Language

Early this year, credit unions across the country began receiving letters from a law firm, representing USAA Bank (USAA), inviting them to negotiate a patent licensing deal with USAA for the continued usage of remote deposit capture (RDC) technology. According to the letter, USAA was the first to develop and patent RDC technology. The law firm representing USAA claims the patent licensing campaign is an effort to recover “a small and fair portion” of the value USAA has provided to the financial industry.

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CFPB And FTC Partner to Report on 2017 Activities to Combat Illegal Debt Collection Practices

Report Provides Annual Summary of Actions Under the Fair Debt Collection Practices Act

WASHINGTON — The Consumer Financial Protection Bureau (CFPB) issued a report on the 2017 activities of the Bureau and the Federal Trade Commission (FTC) to combat illegal debt collection practices. The annual report to Congress on the administration of the Fair Debt Collection Practices Act (FDCPA) details the agencies’ efforts to stop unlawful debt collection practices, including vigorous law enforcement, education and public outreach, and policy initiatives.

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CFPB Issues Frequently Asked Questions on Bankruptcy Issues Under the 2016 Mortgage Servicing Final Rule

To support implementation of the 2016 Mortgage Servicing Final Rule, the Consumer Financial Protection Bureau (CFPB) is releasing a number of Frequently Asked Questions (FAQs) that address some common questions the Bureau has received related to mortgage servicing. The FAQs uploaded today are on mortgage servicing provisions addressing certain bankruptcy-related topics.

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February 2018 NCUA Board Meeting Video Available

ALEXANDRIA, Va. – The video recording of the Feb. 15, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s Web site.

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First CDFI Qualification Round Opens Today

ALEXANDRIA, Va. – Federally insured, low-income credit unions interested in becoming certified community development financial institutions may be eligible to use the National Credit Union Administration’s streamlined application.

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CU Reality Check Coverage: Leadership Coach Stacey Hanke Redefines Influence

VALLEY FORGE, Pa. – Influence isn’t something that we turn on and off. Influence means that your body language is consistent Monday to Monday. On Tuesday morning, author, body language expert, and credit union veteran, Stacey Hanke, gave attendees practical, tangible steps to take to be influential and stay influential.

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NCUA Board Adds to Closed Meeting Agenda

ALEXANDRIA, Va. – The National Credit Union Administration Board has added a second item to the agenda for its closed meeting scheduled for Wednesday, March 14, beginning at 1:30 p.m. Eastern.

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CU Reality Check Coverage: Rich Jones Poises Us for Disruption and Innovation

VALLEY FORGE, Pa. – Disruption can come in many forms. Leadership. Technology. Consumer expectations. Are you prepared? Rich Jones, President/CEO/Principal for the strategic planning company Leading2Leadership LLC, reviewed digital disruption that has already happened and what we can expect down the pike.

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CU Reality Check Coverage: Filene’s Erin Coleman Introduces You to Your Future Member

VALLEY FORGE, Pa. – “To know where you’re going, you have to look back at where you’ve been,” said Filene Senior Impact Director Erin Coleman as she took attendees back in time to when Edward Filene and Roy F. Bergengren pioneered the credit union movement during her “Meet Your Future Member” session.

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CU Reality Check Coverage: CMFG Ventures’ Sam Das Makes the Case for Fintech

VALLEY FORGE, Pa. – What are you currently doing to address emerging fintech companies? The majority of CU Reality Check attendees are “researching and seeking to understand,” according to poll results. Sam Das from CMFG Ventures used this as a launching point when presenting “Fintech: Friend or Foe” on Tuesday afternoon.

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AACUC Continues to Increase Diversity Among Credit Unions

Every inspired idea has to start somewhere. For the African-American Credit Union Coalition (AACUC), it started with a simple conversation among a group of Georgia credit union professionals, who shared a desire to get to know other African-American professionals in their industry. 

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National CU Foundation Honored with President’s Volunteer Service Award on Behalf of America’s CUs

CUs Awarded for Support of Junior Achievement USA

NEW YORK – On behalf of America’s credit unions, the National Credit Union Foundation (the Foundation) was honored with the U.S. Gold President’s Volunteer Service Award for the 2016-2017 school year. This award was presented by Junior Achievement (JA) USA, an official certifying organization for this award, at JA’s 2018 Volunteer Summit on March 13th for the over 15,000 volunteer hours dedicated to Junior Achievement programs by America’s credit unions.

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CU Reality Check Coverage: PCUA President/CEO Patrick Conway Kicks Off Collaborative Conference, Keynote Speaker Nick Tasler Demonstrates How to Be an Effective Decisions-Maker

VALLEY FORGE, Pa. – Drawing parallels between the tired, weary troops that arrived in Valley Forge years ago to recuperate and reinvigorate, and this week’s CU Reality Check conference attendees, Pennsylvania Credit Union Association President/CEO Patrick Conway welcomed attendees Tuesday morning. Thanking conference sponsors, attendees, and the board and staff members of the three collaborating credit union associations—the Maryland | DC Credit Union Association, the Pennsylvania Credit Union Association , and the New Jersey Credit Union League—he kicked off the 2018 Credit Union Reality Check Conference at the Valley Forge Casino Resort.

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National CU Foundation Calls for Proposals from CUs to Develop Financial Health KPIs

Grant Funds Available to Measure & Improve Members’ Financial Health

The National Credit Union Foundation (the Foundation) is looking for credit unions to submit proposals to work with the Center for Financial Services Innovation (CFSI) to develop financial health-related key performance indicators (KPIs) to measure the financial health and business impacts of their products and services. The deadline for credit unions to submit their applications is April 6, 2018.

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CFPB Seeks Input on Complaint Reporting Process

The Consumer Financial Protection Bureau (CFPB) issued a Request for Information (RFI) today on its complaint reporting process, the latest in a series of RFIs issued by the Bureau.

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DDoS Attacks in the Payments System Are a Growing Threat

Unfortunately, credit unions, banks and other financial institutions know all too well the potential effects distributed denial of service, or DDoS, attacks can have on information technology systems and Web sites. However, over the last year, credit unions, banks and other financial institutions have increasingly seen similar DDoS-style attacks that have left Automated Clearing House systems nearly incapacitated by massive amounts of fraudulent transactions.

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Nussle Fields Questions From GAC Attendees During Town Hall

CUNA President/CEO Jim Nussle took to the main stage at CUNA’s Governmental Affairs Conference (GAC) Tuesday afternoon to hear from the more than 5,200 in attendance during his town hall.

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Maurice Smith Named 2018 CUNA Board Chairman

Self-proclaimed “credit union nerd” Maurice Smith addressed the CUNA Governmental Affairs Conference (GAC) Tuesday for the first time as CUNA board chairman.

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NCUA Board Member Rick Metsger Speaks at 2018 CUNA GAC

WASHINGTON – Jim Nussle, CUNA president/CEO, released a statement after NCUA Board Member Rick Metsger spoke at the 2018 Credit Union National Association Governmental Affairs Conference (CUNA GAC) on Tuesday, February 27.

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Castro, Hampel, Purvis and Mitchell Honored by National CU Foundation

Individuals Recognized at the 30th Annual Wegner Awards Dinner

WASHINGTON – The National Credit Union Foundation (the Foundation) presented four Herb Wegner Memorial Awards at its annual dinner Monday night at the Marriott Marquis in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C. Andy Janning, CEO and Founder of Man on Fire Enterprises, served as the night’s emcee.

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CU Voice Critical, Must be Heard Nussle Tells GAC Crowd

The credit union voice is critical, and it needs to be heard, CUNA President/CEO Jim Nussle told attendees Monday at CUNA Governmental Affairs Conference (GAC) during his address. Nussle's speech was streamed live over Facebook and has been viewed more than 1,400 times as of Monday evening. 

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Former President Bush Gives Keynote Address at GAC

WASHINGTON – At the CUNA Governmental Affairs Conference (GAC), 5,000 credit union professionals from around the country gathered to hear George W. Bush, 43rd President of the United States, discuss the current political, cultural, and financial climate with Credit Union National Association President/CEO Jim Nussle.

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Today Kicks Off 2018 America Saves Week

America Saves, a campaign managed by the nonprofit Consumer Federation of America, motivates, encourages, and supports low- to moderate-income households to save money, reduce debt, and build wealth. America Saves encourages individuals to take the America Saves pledge and organizations to promote savings year-round and during America Saves Week; February 26-March 2.

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Nussle's GAC Speech, Awareness Presentation will be Live Streamed

Several events at next week’s CUNA Governmental Affairs Conference (GAC) will be live streamed on CUNA’s Facebook page for those not in attendance. These include CUNA President/CEO Jim Nussle’s speech, and a presentation on CUNA’s Credit Union Awareness Initiative from Chief Strategic Communications Officer Douglas Kiker.

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Lois Kitsch to Retire from National CU Foundation

MADISON, Wis. – After an illustrious and influential career spanning over 13 years with the National Credit Union Foundation (the Foundation), National Program Director Lois Kitsch is set to retire from the Foundation effective May 1st.

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January 2018 NCUA Board Meeting Video Available

ALEXANDRIA, Va. – The video recording of the Jan. 25, 2018, open meeting of the National Credit Union Administration Board is now available on the agency’s Web site.

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WSJ Reports Fed Granted Conditional Approval to Marijuana-Focused CU

KANSIS CITY –The Wall Street Journal (WSJ) has reported that the Federal Reserve Bank of Kansas City has granted conditional approval to a Colorado credit union to serve marijuana businesses. “Though, to win the Fed’s backing it agreed to step back from its original plan to serve state-licensed dispensaries,” according to the article.

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2017 Proves Record Year for Data Breaches

U.S. data breaches in 2017 hit a new record high of 1,579 – nearly doubling over the number of breaches in 2016, according to the Identity Theft Resource Center (ITRC).

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NCUA Offers CDFI Certification for Hurricane-Hit Areas

Low-income credit unions in Florida, Puerto Rico, Texas, and the U.S. Virgin Islands, areas hit hardest by hurricanes Harvey, Irma, and Maria last fall, have a special opportunity to seek certification as Community Development Financial Institutions (CDFIs) through the NCUA.

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CUNA Weighs-In on Same-Day ACH Limits, Adding 3rd Window

CUNA supports adding a third, same-day automated clearing house (ACH) processing window, but remains concerned about utility versus cost that some credit unions may incur, it told NACHA-The Electronic Payments Association in a letter Friday. CUNA responded to a series of questions posed by NACHA regarding same-day ACH.

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Mark Lynch to Retire from National CU Foundation

Following an impactful career spanning over 10 years with the National Credit Union Foundation, Senior Program Manager Mark Lynch will be retiring from the Foundation at the end of January 2018.

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Biz Kid$ Financial Ed Grants Now Available from National CU Foundation

Grants Improve Youth Financial Futures Through Award-winning Series

MADISON, Wis. – Credit union organizations can now apply for a Biz Kid$ Financial Education Grant from the National Credit Union Foundation (the Foundation) through March 31, 2018. The Foundation is looking to distribute up to $75,000 in grant funds to credit union organizations as part of this effort.

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NCUA Introduces the Office of Credit Union Resources and Expansion (CURE)

The National Credit Union Administration (NCUA) has created, as part of its agency-wide realignment to better focus resources in a changing financial services environment, the Office of Credit Union Resources and Expansion (CURE). CURE began operations on January 7, 2018 and will support low-income-designated credit unions and credit unions interested in a low-income designation; minority credit unions; credit unions seeking changes in their charters, bylaws, or fields of membership; and groups organizing to start new credit unions. Wednesday, the agency held a webinar on CURE that will be archived and available to view in approximately three weeks, click here to register for access.

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Cashman, Kovac, Paxson & Thompson Elected to National Credit Union Foundation Board

MADISON, Wis. – At its December 12, 2017 meeting, the National Credit Union Foundation (the Foundation) board of directors elected Robert Cashman, President/CEO at Metro Credit Union in Chelsea, Mass.; Timothy Kovac, Vice President & Associate General Counsel, Business Compliance & Regulatory Leader for Legal Operations at CUNA Mutual Group in Madison, Wis.; Samantha Paxson, EVP & Chief Marketing and Experience Officer at CO-OP Financial Services in Rancho Cucamonga, Calif.; and Brett Thompson, President/CEO at the Wisconsin Credit Union League in Madison, Wis. to the Foundation board.

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Television Spot Highlight Children’s Miracle Network

A television advertisement featuring local credit union leaders captured the spirit of the holidays and gained exposure for local Children’s Miracle Network Hospitals in the Wichita Falls, Texas area. 

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Governor Declares State of Emergency in Four Counties, Closes State Offices

Governor Chris Christie on Thursday declared a state of emergency in four counties along the Jersey shore as a blizzard hit the state. In a tweet, the governor said he had made the emergency designation for Cape May, Atlantic, Ocean and Monmouth counties. 

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NJCFE Kicks-Off America Saves Week 2018 with 3rd Annual Job Help and Financial Fitness Expo

ATLANTIC CITY, N.J. – The New Jersey Coalition for Financial Education (NJCFE), through partnerships with NJSaves and Clarifi, is hosting its 3rd Annual Job Help and Financial Fitness Expo conveniently located at Bally’s on the boardwalk in Atlantic City on February 28, 2018. This Expo is open to the public and kicks-off America Saves Week, taking place February 26-March 2.

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NCUA Schedules CURE Webinar for Jan. 10

NCUA’s Office of Credit Union Resources and Expansion (CURE) begins operations Jan. 7, and credit unions can learn about what CURE is offering on an agency webinar scheduled for Jan. 10.

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Consumer Financial Protection Bureau (CFPB) Releases Report on the State of the Credit Card Market

WASHINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) released its biennial report on the state of the credit card market. The report found that the total amount of credit line, number of accounts, average amount of card debt, and enrollment in online services have all increased over the past several years. The report found also that cardholders average fewer credit cards than before the recession, and more are signing up for secured cards that require a cash deposit.

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December 2017 NCUA Board Meeting Video Available

ALEXANDRIA, Va. – The video recording of the Dec. 14, 2017, open meeting of the National Credit Union Administration Board is now available on the agency’s Web site.

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CFPB Launches HMDA Tools: Check Digit and Rate Spread Calculator

The Consumer Financial Protection Bureau (CFPB) announced the launch of the HMDA Check Digit Tool and Rate Spread Calculator. The CFPB provides the new Rate Spread Calculator for use with data collected in or after 2018. The Check Digit Tool and Rate Spread Calculator will remain available to financial institutions throughout the 2018 collection period and thereafter to support calculation of data field values required for reporting HMDA data.

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NCUA Webinar Will Discuss New Office of Credit Union Resources and Expansion

ALEXANDRIA, Va. – The National Credit Union Association’s (NCUA) new Office of Credit Union Resources and Expansion (CURE) will begin operations on Jan. 7, 2018, and credit unions can learn about what CURE is offering on an agency webinar scheduled for Wednesday, Jan. 10, 2018.

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Vote for Miracles winners announced

Children’s Miracle Network Hospitals and Credit Unions for Kids announced the five winners of the 2017 Vote for Miracles campaign. Over the course of three weeks, more than 600,000 votes were cast more than doubling the vote total for last year’s promotion. In addition, members representing more than 3,000 credit unions cast votes during the campaign.  

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#VoteforMiracles Voting Ends Today

The 2017 #VoteforMiracles promotion ends today after establishing a record of more than 500,000 votes over the three-week campaign. The voting, which will conclude at 11:59 P.M. CST this evening, is expected to heat up over the final few hours as the competition remains tight among the leading hospitals vying for $100,000 in prize money.

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New Process puts Mortgage Industry at Risk, CUNA tells IRS

CUNA and other organizations wrote to Acting IRS Commissioner David Kautter Friday with concerns that a recent change to the tax transcript process could adversely impact the residential mortgage industry.

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#Vote for Miracles enters final week

More than 100,000 fans of Children’s Miracles Network Hospitals have helped #VoteForMiracles surpass 300,000 votes with one week left in the campaign. More than 2,500 credit unions have also been recognized by the public who are asked during the voting process to “Choose their Credit Union”.

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CUNA highlights BSA relief, return to 1.3% NOL to NCUA

CUNA stressed the need for Bank Secrecy Act (BSA) compliance reporting relief and a return to the 1.3% net operating level in its comments on NCUA’s strategic plan for 2018-2022.

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Vote for Miracles surpasses 100,000 votes

Children’s Miracle Network Hospitals’ #VoteForMiracles has surpassed 100,000 votes almost a full week ahead of the pace set at the same time last year.  

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National CU Foundation Announces 2018 DE Leadership Transition

The National Credit Union Foundation has announced the addition of Chad Helminak as the new Director of Credit Union Development and Cooperative Values Engagement, effective January 29, 2018. Helminak will lead the Foundation’s popular Credit Union Development Education (DE) Training and engage the growing corps of Credit Union Development Educators (CUDEs). 

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Tickets & Sponsorships Now Available for Foundation’s Wegner Awards Dinner

Four Individuals to Receive CU’s Highest Honors at Fundraising Gala

MADISON, Wis. – Credit union leaders and supporters can now purchase their sponsorships and tickets for the 30th annual National Credit Union Foundation Dinner Presenting the Herb Wegner Memorial Awards. The dinner will take place on February 26, 2018 at the Marriott Marquis in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.

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NCUA Awards $536,000 in Grants to Help Credit Unions Reach Underserved Members; 6 NJ CUs Benefit

ALEXANDRIA, Va. – Twenty-three federally insured, low-income credit unions in 17 states have been awarded $536,000 in grants to support outreach to underserved members, the National Credit Union Administration (NCUA) announced. Six NJCUL-member credit unions were awarded a total of $46,600 during this grant round: 1st Bergen FCU, Deepwater Industries FCU, Local 1233 FCU, Members 1st of NJ, MidState FCU, and Jersey Central FCU.

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NJ FIs Hit by $30 Million Mortgage Fraud Scheme

According to a Credit Union Times article published this week, a New Jersey attorney and a real estate agent were charged with allegedly running a massive mortgage fraud scheme. The scam caused more than $30 million in losses for at least five financial institutions, according to a criminal complaint filed last week in U.S. District Court in Newark. Prosecutors did not identify the financial institutions, and they did not respond to a CU Times request for additional information, according to the publication.

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47 CU Professionals Become Certified CU Development Educators (CUDEs)

MADISON, Wis. – 47 credit union professionals became Credit Union Development Educators (CUDEs) after being guided by dedicated program facilitators and mentors through the intensive Credit Union Development Education (DE) Training from the National Credit Union Foundation (the Foundation). The DE training was held November 1 - 8, 2017 at the Lowell Center in Madison, Wis.

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CUNA Lending Council Announces Awards, Executive Committee

NASHVILLE, Tenn. -- CUNA Lending Council presented its 2017-2018 executive committee and the 2017 CUNA Lending Council Award winners at its 2017 CUNA Lending Council Conference on November 12-15.

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Chuck Purvis Recognized for Innovation and Dedication to the Credit Union Philosophy with 2018 Herb Wegner Memorial Award

Foundation Recognizing Purvis with Award for Outstanding Individual Achievement

MADISON, Wis. –  In recognition for his almost forty years of service to the credit union movement and innovative spirit pushing the movement forward, the National Credit Union Foundation (the Foundation) is pleased to announce Chuck Purvis, President/CEO at Coastal Credit Union, as the recipient of a 2018 Herb Wegner Memorial Award for Outstanding Individual Achievement.

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“Consumer Financial Health Check-ups” Funded by National CU Foundation

MADISON, Wis. – The National Credit Union Foundation (the Foundation) recently wrapped up a year-long grant funding effort to conduct consumer financial health check-ups with the Center for Financial Services Innovation (CFSI). This work, generously funded and supported by CUNA Mutual Group, included financial health check-ups for: Affinity Plus Federal Credit Union in St. Paul, Minn.; BECU in Tukwila, Wash.; Community Financial Credit Union in Plymouth, Mich.; IH Mississippi Valley Credit Union in Moline, Ill.; University FCU in Austin, Texas; and Virginia Credit Union in Richmond, Va.

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‘Tis the Season…For Fun CMNH Fundraisers!

As the weather changes and we roll into the fall and holiday season, check out some new and fun seasonal fundraising campaigns benefiting Children’s Miracle Network Hospitals that you can offer to your employees and members.

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Bill Hampel Recognized for Dedication to Cooperation & Education with 2018 Herb Wegner Memorial Award

Foundation Recognizing Hampel with Award for Outstanding Individual Achievement

MADISON, Wis. – In recognition of his decades of service as a dedicated advocate of the credit union movement and a mentor and inspiration to industry luminaries, the National Credit Union Foundation (the Foundation) is pleased to announce Bill Hampel, retired Chief Policy Officer and Economist at Credit Union National Association (CUNA), as the recipient of a 2018 Herb Wegner Memorial Award for Outstanding Individual Achievement.

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Most Consumers Satisfied With How FIs Handle Account Fraud, New Survey Shows

OTTAWA, Canada – While 15% of U.S. consumers spotted fraudulent activity on their accounts last year, banks and credit unions responded successfully, with 85% of those consumers saying they were satisfied with how their financial institution handled the incident, according to a new survey commissioned by the Ottawa, Canada-based March Networks.

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Today is International Credit Union Day!

Today, October 19, is International Credit Union Day, when credit unions remind their members that they can achieve their biggest goals in life with the theme "Dreams Thrive Here." 

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National CU Foundation Announces 2018 Wegner Award Winners

Four Individuals to Receive Credit Union Movement’s Highest National Honors

MADISON, Wis. – The National Credit Union Foundation (the Foundation) has announced the winners of the 2018 Herb Wegner Memorial Awards. Angel V. Castro, Bill Hampel, Susan Mitchell and Chuck Purvis will be recognized with Outstanding Individual Achievement awards by the Foundation.

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Children's Hospital of Philadelphia Hosts Southern Chapter Meeting

PHILADELPHIA – The Southern Chapter of Credit Unions met on October 10th at Children’s Hospital of Philadelphia (CHOP) for the first meeting of the 2017-2018 chapter year. Participants were hosted by Francesca Cosmi, coordinator, cause marketing and Children’s Miracle Network (CMN) at CHOP’s Buerger Center for Advanced Pediatric Care (Raymond G. Perelman Campus).

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CUNA Economic Update Examines the Effect of the Credit Union Movement

MADISON, Wis., and WASHINGTON – CUNA has just released the October edition of the CUNA Economic Update. Sponsored by CUNA CFO Council and hosted by Jordan van Rijn, senior economist at CUNA, the update this month considers the effects of the credit union movement along with updated national economic prospects.

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CUAid Accepting Donations to Help CU People Affected by California Wildfires

MADISON, Wis. – The National Credit Union Foundation (the Foundation) is now accepting donations through the online disaster relief system CUAid.coop to raise money for credit union people affected by wildfires in Northern California. Credit union supporters in every state can make donations to the General Disaster Relief Fund at cuaid.coop.

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National CU Foundation Reports $2.3 Million in CU Support for Hurricanes Harvey, Irma, and Maria Relief

National Credit Union Foundation Director of Communications Christopher Morris appeared on CUBroadcast Thursday to provide an update on how credit unions have stepped up in a major way to support credit unions and their members impacted by Hurricanes Harvey, Irma, and Maria. Morris reports that more than $2.3 million in donations have been recorded so far to help those in Texas, Florida, and Puerto Rico.

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CUNA, NJCUL Continue Post-Equifax Breach Webinars

WASHINGTON – CUNA will detail credit unions’ legal rights resulting from the Equifax data breach during a member-only conference call Tuesday at 4 p.m. Registration is now open for the free conference call.

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Federal Home Loan Bank of New York Makes $1 Billion in Disaster Relief Funding Available

In response to the severe and extensive damage caused by Hurricanes Harvey, Irma and Maria, the Federal Home Loan Bank of New York (“FHLBNY”) has made $1 billion in disaster relief funding available to its members to help rebuild communities in FEMA-designated disaster areas in Puerto Rico, the U.S. Virgin Islands, Florida, Texas and the Southeast. The funds are being made available by the FHLBNY through its Community Lending Programs (“CLP”) to be used as both immediate gap financing and longer-term funding to restore homes and businesses.

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CUNA to File Lawsuit Against Equifax

WASHINGTON – CUNA announced Friday that the association will file a lawsuit against Equifax to protect credit unions and their members from harm as a result of the Equifax data breach.

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CUAid Accepting Donations to Help CU People Affected by Hurricane Maria

MADISON, Wis. – The National Credit Union Foundation (the Foundation) is now accepting donations through the online disaster relief system CUAid.coop to raise money for credit union people affected by Hurricane Maria. Credit union supporters in every state can make donations to the General Disaster Relief Fund at cuaid.coop.

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Equifax CEO Steps Down Amidst Breach

ATLANTA – The Board of Equifax Inc. announced today that Richard Smith will retire as Chairman of the Board and Chief Executive Officer, effective September 26, 2017. The announcement comes amidst that credit bureau’s major data breach affecting over 143 million Americans' personal information, about half of the U.S. population. The company also faces multiple federal investigations over its handling of the hack and reports that executives sold an unusual amount of stock before the breach was publicly disclosed, according to the Washington Post.

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CUNA Takes Breach Concerns to Equifax, Requests Briefing

CUNA President/CEO Jim Nussle encouraged Equifax to take additional steps to notify all consumers impacted by its data breach in a letter sent Wednesday. Equifax announced the breach late last week, which it said impacts 143 million American consumers, with an additional 209,000 credit card numbers also being stolen.

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South-Central Chapter Meeting Gathers for Lunch Meeting; Discusses Chapter System and Educational Opportunities

HIGHTSTOWN, N.J. – Gary Chizmadia, Chairman of the Board at Credit Union of New Jersey and South-Central Chapter President, led the South-Central Chapter meeting at the New Jersey Credit Union League Tuesday. The meeting’s discussion focused on the chapter system—its past, present, and future—and upcoming educational offerings from the League.

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National Credit Union Foundation Board Nominations Open

MADISON, Wis. – The National Credit Union Foundation (the Foundation) is currently seeking nominations for four board seats. Volunteers may generally serve up to three terms of the duration of the term of office for the seat they are selected, as long as they are re-nominated by the Foundation Nominations Committee and re-elected by the Foundation Board.

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Nearing 3 years, ‘Plexcity’ continues quest to add value to credit union leagues

ONTARIO, Calif. – Fresh into being a mere “start-up,” Plexcity is reaping noticeable attention in the credit union industry as it matures beyond those boundaries into a respected partner that is helping empower credit union trade associations and affiliate organizations—a goalpost its visionaries have worked tirelessly to reach.

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CUNA, CO-OP and PSCU Partner on Credit Union System-Wide Disaster Response

Hurricanes Harvey, Irma Prompt Collaborative Hotlines for Credit Union Members

WASHINGTON, D.C., RANCHO CUCAMONGA, Calif., and ST. PETERSBURG, Fla. – Credit Union National Association (CUNA), CO-OP Financial Services, and PSCU have collaborated on a system-wide disaster response for the credit union movement. Special toll-free numbers dedicated to helping credit union members with access and branch information as they may be displaced or their institution unavailable due to Hurricanes Harvey and Irma are now available.

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More than $1.8 Million in NCUA Grants Awarded, 6 NJCUL-Member Credit Unions Benefit

On Tuesday, the National Credit Union Administration (NCUA) announced it awarded more than $1.8 million in grants to 251 low-income credit unions. Six (6) NJCUL-member credit unions were awarded a total of $46,600 during this grant round: Local 1233 FCU, 1st Bergen FCU, Deepwater Industries FCU, Members 1st of NJ, MidState FCU, and Jersey Central FCU. In all, the agency received applications from 328 credit unions requesting more than $2.4 million.

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Relief Update: Harvey Aid from CU System Reaches $771K

As of Monday afternoon, the National Credit Union Foundation’s CU Aid and the Cornerstone Credit Union Foundation have collected more than $771,000 to support the needs of employees and volunteers of credit unions. Roughly $198,000 has come in through the Cornerstone Credit Union Foundation with the remaining contributions having been made to CU Aid. 

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CUs respond with more than $500K in Harvey assistance

Although they are barely in the first stages of recovery from destruction caused by Hurricane Harvey, leaders of the Cornerstone Credit Union League are already overwhelmed with the outpouring of support they have received from the credit union system.

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CUNA Donates $50,000 to CUAid for Harvey Relief

MADISON, Wis. — The Credit Union National Association (CUNA) announced Thursday it is donating $50,000 to Harvey relief efforts through CUAid, the National Credit Union Foundation’s disaster relief system. 

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Applications for NCUA’s Underserved Outreach Grant Initiative are Due Aug. 31

As part of its 2017 grant round, NCUA is accepting grant applications from eligible low-income credit unions for a grant to support projects that reach people living in our nation’s underserved communities. The maximum award is $25,000 dollars. Applications for funding under the outreach to underserved communities initiative must be received no later than Aug. 31 at 3 p.m. Eastern. An online application form, an explanation of grant’s requirements, and other information are available on NCUA’s Web site.

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CUAid Activated for CU People Affected by Tropical Storm Harvey

Houston, Texas – The National Credit Union Foundation (the Foundation) has activated the online disaster relief system CUAid.coop to raise money for credit union people in Texas affected by Tropical Storm Harvey. Credit union supporters in every state can make donations at cuaid.coop.

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NCUA’s Final CDFI Qualification Round Runs Aug. 7 to Sept. 1

Streamlined Application Process Can Help Eligible Credit Unions

ALEXANDRIA, Va. – The National Credit Union Administration is hosting its third and final round for credit unions to qualify to use the streamlined application for certification as community development financial institutions.

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Plexcity Partners with ‘Gravitate Solutions’ to Enhance CU Associations

Will Deliver netFORUM Enterprise to Clients and Complete Suite of Services

ONTARIO, Calif. – Plexcity has chosen Gravitate Solutions to be the sole implementation and development partner for Plexcity’s trade association clients—many of which are state credit union leagues and industry affiliates.

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National Credit Union Foundation Approves 12 Biz Kid$ Financial Education Grants

Grants to Increase Reach of Award-Winning Financial Literacy Series

Madison, Wis. – The National Credit Union Foundation’s (the Foundation) board of directors has approved 12 new Biz Kid$ Financial Education Grants for 2017-2018, totaling $68,500. These grants are distributed to encourage credit union organizations to use Biz Kid$ and its curriculum to improve students’ financial well-being. Biz Kid$ is the credit union funded public television series that teaches kids about money management and entrepreneurship.

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Markel to Acquire State National

RICHMOND, Va. and BEDFORD, Texas – Markel Corporation (“Markel”) (NYSE: MKL) and State National Companies, Inc. (NASDAQ: SNC) announced that they have entered into a definitive agreement under which Markel will acquire all of the outstanding shares of State National common stock for $21.00 per share in cash. The transaction has a total value of approximately $919 million.

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NCUA to Host Webinar on New Learning Management Service

ALEXANDRIA, Va. — The National Credit Union Administration’s new Learning Management Service is up and running, and the agency is hosting a webinar to help credit unions learn about the service’s training resources on regulatory, operational and strategic subjects.

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World Council Board Takes Office

VIENNA, Austria — Brian McCrory has been elected the Chair of World Council of Credit Unions Board of Directors. McCrory, who succeeded Daniel Burns, representing the Irish League of Credit Unions, formally took office during the World Credit Union Conference Annual General Meeting on Monday, 24 July in Vienna, Austria.

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NJCUL Congratulates LeDu on League InfoSight CEO Appointment

League InfoSight, a collaborative effort of credit union leagues, including PCUA, announced that Glory LeDu was appointed as CEO by the board of directors. She will be responsible for continuing to deliver collaborative and effective regulatory compliance solutions to credit unions directly through league/association partners.

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National CU Foundation’s Development Education (DE) Program Celebrates 35 Years

Madison, Wis. – Nearly a hundred certified Credit Union Development Educators (CUDEs) gathered in Tampa, Fla. recently to celebrate the 35th anniversary of the Credit Union Development Education (DE) Program. The popular philosophy training program from the National Credit Union Foundation (the Foundation) started in 1982 and continues to educate credit union professionals from around the world every year.

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2017 International Credit Union Day® Theme Announced: Dreams Thrive Here

MADISON, Wis. – World Council of Credit Unions (WOCCU) announced the 2017 International Credit Union (ICU) Day® theme — "Dreams Thrive Here" — celebrating the spirit of the global credit union movement. ICU Day is celebrated annually on the third Thursday of October and will take place this year on October 19.

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Registration Open for November Development Education (DE) Training

Fourth Philosophy Program held by Foundation in 2017

MADISON, Wis. – Registration is now open for the November 2017 session of the Credit Union Development Education (DE) training, which takes place November 1 - 8, 2017 in Madison, Wis. Attendees of the National Credit Union Foundation’s (the Foundation) six-day total immersion experience will learn critical lessons in cooperative principles, credit union philosophy and international development issues while incorporating challenges credit unions face today.

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Bitcoin Exchange Operator Sentenced

NEW YORK – A Florida man was sentenced on Tuesday to 5 1/2 years in prison after being found guilty of operating an illegal bitcoin exchange suspected of laundering money for hackers and linked to a data breach.

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Join the League and Unite With Your Community at National Night Out!

National Night Out, taking place August 1st, 2017, unites law enforcement and neighbors to create a true sense of community. Keeping with the credit union philosophy of "People Helping People", the League will be participating this year in the festivities in its local community of East Windsor.

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Wednesday’s Northern Chapter Meeting Postponed

The Northern Chapter Meeting originally scheduled for this Wednesday, June 21, 2017 has been postponed to Wednesday, September 13, 2017 at the Iberia Pennisula, Ferry Street, Newark, N.J. If you have any questions, please reach out to Chapter President Shirley A. McClinton-Watson at (973) 896-5221 or shirwatson@yahoo.com.

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48 CU Professionals Become Certified CU Development Educators (CUDEs) Through National Foundation’s Transformational CU Training

MADISON, Wis. – Forty-eight credit union professionals became Credit Union Development Educators (CUDEs) after being guided by dedicated program facilitators and mentors through the intensive Credit Union Development Education (DE) Training from the National Credit Union Foundation (the Foundation). The DE training was held May 31 – June 7, 2017 at the Lowell Center in Madison, Wis.

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2018 Wegner Award Nomination Deadline Approaching

MADISON, Wis. – With a deadline of July 28, 2017, credit union supporters are encouraged to nominate individuals and organizations for the Herb Wegner Memorial Awards to be presented by the National Credit Union Foundation (the Foundation). Winners will be honored at the Foundation’s annual awards dinner on February 26, 2018 in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.

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NCUA Releases Q1 2017 Credit Union System Performance Data

ALEXANDRIA, Va. – Data on the financial performance of federally insured credit unions in the quarter ending March 31, 2017, are now available from the National Credit Union Administration.

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Hampel: CUs Can Expect Corporate Stabilization Refund

The refund will come in the form of share-insurance fund dividends.

ORLANDO – CUNA Chief Economist/Chief Policy Officer Bill Hampel offered good news in his credit union update at the CUNA CFO Council Conference in Orlando: Credit unions can expect a series of refunds on their contribution to the corporate stabilization fund.

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CUNA Taxi Medallion Survey Report Now Available

Earlier this month, NJCUL and CUNA asked for your participation in collecting reliable benchmark data on taxi medallion participation loan operations and experiences.  The expectation was that this survey would provide you with meaningful information that would improve your efforts to collect on outstanding loans; provide medallion loan originators with peer comparison data that would improve service quality for participation holders; and provide supervisory authorities with feedback that might compel a more rational and uniform approach to the examination and supervisory process. The summary results are now available in the members-only CUNA-hosted Taxi Medallion Community.

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Young Savers Deposit $16.8M During CU Youth Month

The National Credit Union Youth Month’s savings challenge railed young members to deposit $16.8 million in their credit union accounts this April—double the amount deposited during the challenge last year.

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Northern Chapter Hears from NCUA, Holds Election of Officers

FAIRFIELD, N.J. – The Norther Chapter of Credit Unions held a meeting Tuesday night at Calandra's Mediterranean Grill in Fairfield where the chapter received an update from NCUA examiner Marcus Vander Wall. The Chapter also held elections for chapter officials during which Shirley A. McClinton-Watson of Newark Board of Education ECU was re-elected as Chapter President.

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Nominate a CU Rock Star

Each year,CUNA’s Credit Union Magazine recognizes the credit union movement’s Rock Stars: Those unique, innovative people who excel in their areas of expertise—and by doing so make our movement a better, more interesting place.

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NCUA Accepting Community Development Grant Applications Beginning July 1

Approximately $2 Million Available; NCUA Hosting June 14 Webinar with Details

ALEXANDRIA, Va. – Low-income credit unions interested in applying for Community Development Revolving Loan Fund grants can begin submitting applications on July 1, the National Credit Union Administration announced.

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Sackett Elected to National CU Foundation Board

MADISON, Wis. – At its May 12, 2017 meeting, the National Credit Union Foundation (the Foundation) board of directors elected John Sackett, Board Treasurer of Royal Credit Union in Eau Claire, Wis., to the Foundation board. The CUNA Board of Directors recently designated Sackett, a CUNA Board Member, as a CUNA Board representative on the Foundation board.  

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Registration Open for September Development Education (DE) Training

Third CU Philosophy Program Held by National CU Foundation in 2017

MADISON, Wis. – Registration is now open for the September 2017 session of the Credit Union Development Education (DE) training, which takes place September 13-20, 2017 in Madison, Wis. Attendees of the National Credit Union Foundation’s (the Foundation) six-day total immersion experience will learn critical lessons in cooperative principles, credit union philosophy and international development issues while incorporating challenges credit unions face today.

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Savings Lead March Credit Union Growth, According to CUNA Monthly Stats

MADISON, Wis. – Credit union savings balances grew at a brisk pace in March, according to CUNA’s Monthly Credit Union Estimates. “Overall balances increased by 2.6% in the month—an astounding 31.2% annualized gain and the fastest monthly increase in five years,” said CUNA Senior Economist Mike Schenk. The March increase was a bit faster than February’s gain but the more recent month ended on a Friday so it reflects big payday deposits.

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CUNA, Foundation to Host Financial Literacy Exhibit on Capitol Hill

WASHINGTON – CUNA will join forces with the National Credit Union Foundation today for Financial Literacy Day on Capitol Hill, an event sponsored by the Foundation. Representatives of CUNA and the Foundation will be on-hand this afternoon in the Rayburn House Office Building.

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CUNA, LEAGUES OUTLINE REG RELIEF PROPOSALS FOR SENATE BANKING LEADERS

WASHINGTON -- Credit unions could play a bigger role in the economy under a tailored regulatory structure, CUNA and all 38 credit union leagues wrote to Senate Banking Committee leadership Friday. In the letter, CUNA and the leagues listed 4 proposals that could create economic growth by fostering a more favorable environment for credit unions.

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Help Credit Unions for Kids Change a Child’s Life

It’s amazing what a little pocket change can do to help a child at a Children’s Miracle Network Hospital. Credit unions locally and across the nation are participating in Change a Child’s Life, a coin drive benefiting their local Children’s Miracle Network Hospital.  

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April 18 NCUA Twitter Chat Will Focus on Personal Finances

Join the #NCUAChat Conversation to Hear About Improving Financial Well-Being

ALEXANDRIA, Va. – Personal finances and building financial security will be the focus of the National Credit Union Administration’s April 18 Twitter chat, part of the agency’s activities during Financial Capability Month.

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Small Merchants Want Card Choice, Not Price Caps, Study Finds

WASHINGTON – Javelin Strategy & Research and the Electronic Payments Coalition (EPC) released a report last week that reveals small merchants are more concerned with value, and less concerned about price, when it comes to the fees that they pay for debit card transactions.

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Additional Financial Literacy Month Resources Available at MyCreditUnion.gov

ALEXANDRIA, Va. – Educated consumers are better-prepared to build financial security and protect themselves from scams, and the National Credit Union Administration encourages credit unions to continue helping members better understand personal financial matters during Financial Literacy Month.

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CUs Celebrate Financial Fitness in April

April means spring, a time of optimism, and credit unions will inspire their members to begin their path toward financial freedom by marking three key celebrations this month.

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April is National Donate Life Month!

NJ Sharing Network encourages all communities to learn more about the life-saving benefits of organ and tissue donation. Increased awareness can be very helpful when talking with family members, friends and co-workers about the benefits of organ donation. Learn how you can help! 

The shortage of donors is so severe that every day 22 people die waiting for organs that could have saved their lives. Your decision to register as an organ and tissue donor can save 8 lives and restore health to over 75 others.

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CUNA Urges Appropriations Leaders to Fully Fund CDFI Fund

WASHINGTON – CUNA wrote to House and Senate Appropriations Committee leaders Wednesday urging full funding for the Community Development Financial Institutions (CDFI) Fund, for which the Donald Trump administration has requested Congress to eliminate funding. The fund, administered by the Treasury, makes capital grants, equity investments and awards for technical assistance to certified CDFIs.

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CUNA Offers FinCEN Improvements to BSA/AML Requirements

WASHINGTON – CUNA urged the Treasury’s Financial Crimes Enforcement Network (FinCEN) to ensure any regulatory changes it pursues relating to the collection of information filings be as minimally burdensome on credit unions as possible. CUNA’s letter was sent in response to proposed revisions to the collection of information filings by financial institutions required to file such reports under the Bank Secrecy Act (BSA), which includes credit unions.

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CUNA Secures Rights to .creditunion Domain

CUNA, with the generous support of CUNA Mutual Group and CO-OP Financial Services, was able to secure the rights to the .creditunion domain from the Internet Corp. for Assigned Names and Numbers (ICANN). Beginning this summer, credit unions will be able to register and use a .creditunion domain name of their choice to serve as a trusted source identifier on the internet for their members.

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Burdens Impacting Credit Availability, CUNA Tells House Subcommittee

WASHINGTON – CUNA urged a House subcommittee Tuesday to consider the impact of regulatory burden when examining the availability of credit for consumers and small businesses. CUNA wrote to leadership of the House Financial Services subcommittee on financial institutions and consumer credit for the record of its hearing on the state of lending in America.

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CU Family of Races to Present $580K to CMNH this Weekend

WASHINGTON – Credit unions across the country will present a $580,485 donation to Children’s Miracle Network Hospitals Sunday, the date of two popular, credit union-hosted races. The Cherry Blossom Ten Mile Run in Washington, D.C. and the Credit Union SacTown Run in Sacramento, California, along with two races overseas, make up the Credit Union Family of Races.

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National Foundation to Host Financial Education Twitter Chat on April 5th

MADISON, Wis. – To help kick-off National Financial Literacy Month, the National Credit Union Foundation (the Foundation) is hosting a Twitter chat for credit unions on Wednesday, April 5th at 4 p.m. The Foundation invites credit unions to discuss their financial education activities during the chat.

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CUNA Seeks Implementation of EGRPRA Report Recommendations

WASHINGTON – CUNA hopes NCUA works to implement the recommendations released this week in a report from Federal Financial Institutions Examination Council (FFIEC) agencies, part of a review of the agencies’ rules. The review was conducted as part of the Economic Growth and Regulatory Paperwork Act (EGRPRA), and while the NCUA was not required to participate, it did so voluntarily.

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CFPB Leading to Rising Costs, Fewer Choices, CUNA Says

WASHINGTON – A Consumer Financial Protection Bureau (CFPB) led by a single director is not working for credit unions and has created a rigged system benefitting large banks, CUNA wrote to the House Financial Services subcommittee on oversight and investigations Tuesday.

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CUNA to Highlight CFPB Impact on CUs, Members for Hearing

WASHINGTON – CUNA will show the House Financial Services oversight and investigations subcommittee how the Consumer Financial Protection Bureau’s (CFPB) structure impacts credit unions and their members. The subcommittee is conducting a hearing Tuesday at 10 a.m. examining the bureau’s structure.

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Learn Best Practices for Financial Literacy and Youth Marketing

Are you looking for financial literacy curriculum? Want to learn about Reality Fairs? Student branches? How to reach the college audience? Or just want some fresh ideas to add to your financial education outreach? Then you should be at the 2017 NYIB conference!

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Bankers, CU Reps Cry Foul on Proposed Cuts to CDFI Fund

Article originally featured in CU Journal.

WASHINGTON – In a budget that was otherwise relatively short on specifics, the Trump administration on Thursday called for eliminating the Treasury Department’s grant programs for community development financial institutions, a popular industry feature that helps impoverished communities access financial services.

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CUNA Pledges Support for Fully-Funded CDFI Fund

WASHINGTON – As a strong supporter of programs that help credit unions better serve their members, CUNA pledged to support funding for the U.S. Treasury’s Community Development Institutions (CDFI) Fund, funding for which was eliminated in President Donald Trump’s budget proposal released last week.

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CUNA Launches Small CU Community

MADISON, Wis. – In an effort to support the movement’s small credit unions, CUNA recently created the CUNA Small Credit Union Community, an online platform where small credit union leaders from across the country can share ideas, collaborate and solve problems collectively.

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CUNA Calls for 180-Day Fiduciary Delay, Research on Impact

WASHINGTON – The Department of Labor (DOL) should delay its fiduciary rule by at least 180 days, CUNA wrote in a letter to the agency Thursday. In the letter, CUNA also called for additional efforts and research to ensure that credit union members are not harmed by unintended consequences of overly broad rules.

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NCUA Files Response to FOM Lawsuit, CUNA Plans Support

WASHINGTON – The NCUA filed a response to the lawsuit against its final field-of-membership (FOM) rule brought by the American Bankers Association (ABA). CUNA is tracking the lawsuit, and plans to support the NCUA in its defense of the rule.

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Two More Interest Rate Raises Anticipated this Year, CUNA Says

WASHINGTON – The Federal Open Market Committee decided Wednesday to raise the federal funds interest rate range from 0.75% to 1%. CUNA says the action was expected, and CUNA anticipates similar actions later this year.

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CDFI Webinar Today

NEW YORK – The National Federation of Community Development Credit Unions will host a Webinar to explain the latest changes to the community development financial institution (CDFI) application process. The Webinar will be held at 2 p.m.

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Deadline Approaching for Biz Kid$ Financial Ed Grants from the National CU Foundation

Grants Extend Reach of Award-Winning Financial Literacy Series

MADISON, Wis. – Credit union organizations have until March 31, 2017 to apply for a Biz Kid$ Financial Education Grant from the National Credit Union Foundation (the Foundation). The Foundation is looking to distribute up to $75,000 in grant funds to credit union organizations as part of this effort.

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NCUA Issues 2016 Annual Report

ALEXANDRIA, Va. – The National Credit Union Administration released its 2016 Annual Report, highlighting the agency’s activities, policy initiatives, and accomplishments for 2016.

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7th Annual NJ CU Foundation Night Was a Sure Bet!

ISELIN, N.J. – Thursday’s 7th Annual New Jersey Credit Union Foundation Casino Night fundraiser brought together credit union industry leaders, volunteers, and friends from around the state for a Texas Hold ‘Em Tournament and casino table games, all for a great cause! The final numbers aren’t yet available, but it looks like the 7th Annual Casino Night was a success for the New Jersey Credit Union Foundation.

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CUNA Pushes for Improvements in Government-Guaranteed Lending

WASHINGTON – CUNA encourages Congress to improve credit unions’ ability to offer Small Business Administration (SBA) 7(a) loans, as well as other government guaranteed loans, CUNA President/CEO Jim Nussle wrote to leadership of a U.S. House Small Business subcommittee Thursday. SBA 7(a) and other government-guaranteed loans are important to credit unions because the guaranteed portions of the loan do not count against the member business lending cap.

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MBL Rule Vindicated as ICBA Does Not Appeal Dismissal

WASHINGTON – CUNA and the National Association of Federally-Insured Credit Unions (NAFCU) issued a statement Thursday on the Independent Community Bankers of America (ICBA) not filing any appeal, which was due Feb. 23, over U.S. District Court Judge James Cacheris’ granting the NCUA’s motion to dismiss the banking trade's lawsuit against NCUA and its member business lending rule.

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The National Foundation Accepts President’s Volunteer Service Award on Behalf of America’s CUs

CUs Awarded for Support of Junior Achievement USA

NEW YORK – On behalf of America’s credit unions, the National Credit Union Foundation (the Foundation) accepted the U.S. Gold President’s Volunteer Service Award for the 2015-2016 school year. This award was presented by Junior Achievement (JA) USA, an official certifying organization for this award, at JA’s 2017 Volunteer Summit on March 7, 2017 for the over 15,000 volunteer hours dedicated to Junior Achievement programs by America’s credit unions.

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CUNA Represents CU Perspectives at Faster Payments Meeting

WASHINGTON – CUNA continued its efforts to achieve faster payments last week, participating in a two-day meeting of the Federal Reserve’s Faster Payments Task Force in Atlanta. The task force released the first part of its final report in January, and last week’s meeting discussed the forthcoming second half of the report.

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Stabilization Fund Earns Clean 2016 Audit

ALEXANDRIA, Va. – The Temporary Corporate Credit Union Stabilization Fund has received a seventh consecutive clean audit opinion, the NCUA announced Tuesday.

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Iowa League's Pat Jury Elected as CUNA Chair

WASHINGTON – Incoming CUNA Board Chair Pat Jury pledged to spend his year as chair leading with “strength and determination” in his remarks Tuesday at CUNA Governmental Affairs Conference.

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Hollen, Martinez , The Cooperative Trust Honored by National CU Foundation

WASHINGTON – The National Credit Union Foundation (the Foundation) presented three Herb Wegner Memorial Awards at its annual dinner Monday night at the Marriott Marquis in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C. Denise Gabel, Chief Operating Officer of the Northwest Credit Union Association, served as the night’s emcee.

A record-breaking group of over 900 credit union leaders and supporters attended the dinner. The awards ceremony celebrated the highest national honors in the credit union movement:

  • Outstanding Individual Achievement: Stan Hollen, retired President/CEO of CO-OP Financial Services;
  • Outstanding Individual Achievement: Maria Martinez, President/CEO of Border Federal Credit Union; and
  • Outstanding Program: The Cooperative Trust from Filene Research Institute. 
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Influential Policymakers Scheduled to Speak at CUNA GAC

WASHINGTON – With this year’s CUNA Governmental Affairs Conference (GAC) less than a week away, a number of key policymakers have been confirmed to address the more than 5,000 credit union leaders in attendance. A complete list of CUNA GAC keynote speakers and breakout sessions can be found at cuna.org/gac.

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Judge Recommends Denying Dismissal of Wendy’s Breach Suit

PITTSBURGH – A magistrate judge in the Wendy’s data breach lawsuit has recommended denying the restaurant chain’s motion to dismiss, according to an interim ruling released this week. CUNA urged the court to reject the motion to dismiss in a brief filed in September with the U.S. District Court for the Western District of Pennsylvania.

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Nussle Talks DOL Secretary Pick, Budget Challenges on CNBC

WASHINGTON – CUNA President/CEO Jim Nussle appeared on CNBC’s Squawk on the Street Friday morning to discuss a number of issues facing the administration. Nussle served as director of the Office of Management and Budget from September 2007 to January 2009.

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Leagues Continue Call for Reg. Relief in Local Media

WASHINGTON – Credit union leaders continue to highlight the movement’s pro-consumer attributes in the pages of local publications across the nation. The pieces reinforce the work of CUNA’s Campaign for Common-Sense Regulation, a bipartisan, pro-consumer campaign to achieve regulatory relief through legislative and regulatory advocacy.

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CUNA Highlights Need for Common-Sense Relief in USA Today

WASHINGTON – CUNA President/CEO Jim Nussle highlighted the need for common-sense regulatory relief in a letter to the editor published in USA Today Sunday. Weighing in on the debate over the future of the Consumer Financial Protection Bureau (CFPB), Nussle lamented the effects of one-size-fits-all regulation.

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CUNA GAC Giveback Celebrates ‘A Special Time’ for CUs

WASHINGTON – CUNA and its system partners are working hard to make the first CUNA Governmental Affairs Conference’s (GAC) giveback event a huge success.

Attendees are asked to bring items for a donation drive in support of Bright Beginnings, a nationally accredited child and family development center that offers a bright start for homeless infants, toddlers, preschoolers and their families in Washington, D.C.

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CUNA White Paper Outlines Corp. Resolution Wind-Down Issues

MADISON, Wis. – CUNA published a white paper Thursday examining three policy decisions the NCUA will need to make concerning the wind-down of the agency’s Corporate Resolution Program. CUNA, the leagues and member credit unions will analyze the issues over the coming months and provide recommendations to the NCUA.

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Project Zip Code Hits Milestone, 90M CU Members Matched to Lawmakers

WASHINGTON – CUNA’s Project Zip Code has matched its 90 millionth credit union member to their congressional district, a major milestone for one of the CUNA/League-system’s signature advocacy tools. Project Zip Code matches credit union membership data to congressional and state legislative districts, as well as counties.

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Modifications to Love My Credit Union Rewards Partner Programs

CU Solutions Group reminds you of recent program changes. As of November 1, 2016, the DIRECTV and Allied programs came to a close, and the CU Road Pal program came to a close on January 1, 2017. Regarding the elimination of these programs, below is information on changes to marketing materials orders and banners changes. Please review the following and take action where necessary:

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Registration Open for June Development Education (DE) Training

Second of Four CU Philosophy Programs to be Held by Foundation in 2017

MADISON, Wis. – Registration is now open for the second Credit Union Development Education (DE) training of 2017, which takes place May 31 – June 7, 2017 in Madison, Wis. Attendees of the National Credit Union Foundation’s (the Foundation) six-day total immersion experience will learn critical lessons in cooperative principles, credit union philosophy and international development issues while incorporating challenges credit unions face today.

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Bankers’ MBL Lawsuit Dismissed

WASHINGTON – The U.S. District Court of the Eastern District of Virginia granted the NCUA’s motion to dismiss an Independent Community Bankers of America (ICBA) lawsuit against the agency and its member business lending (MBL) rule Tuesday. CUNA, along with National Association of Federally Insured Credit Unions (NAFCU), filed an amicus brief in support of dismissal.

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Leagues Call for Pro-Consumer Reg. Relief Nationwide, Frankil Op-ed Published

WASHINGTON – As CUNA’s bipartisan, pro-consumer Campaign for Common-Sense Regulation gets underway, CUNA and state leagues are taking to publications across the country to highlight the number of ways credit unions are fighting to better serve consumers. League efforts in several states, including New Jersey, have led to recent articles on how credit unions can better serve consumers through regulatory relief.

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Few Weeks Left to Purchase Tickets & Sponsorships for National CU Foundation’s Wegner Dinner

MADISON, Wis. – The deadline is approaching for credit union leaders and supporters to purchase their sponsorships and tickets for the 29th annual National Credit Union Foundation Dinner Presenting the Herb Wegner Memorial Awards. The dinner will take place on February 27, 2017 at the Marriott Marquis in conjunction with the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC) in Washington, D.C.

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National Foundation Announces Open Registration for April Development Education (DE) Training

First of Four CU Philosophy Programs to be Held by the Foundation in 2017

MADISON, Wis. – Registration is now open for the first Credit Union Development Education (DE) training of 2017, which takes place April 26 – May 3, 2017 in Madison, Wis. Attendees of the National Credit Union Foundation’s (the Foundation) six-day total immersion experience will learn critical lessons in cooperative principles, credit union philosophy and international development issues while incorporating challenges credit unions face today.

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CFPB to Host a 'Behind on Bills' Resource Webinar

The Consumer Financial Protection Bureau announced a “Your Money, Your Goals” Webinar on its latest resource: "Behind on Bills". This Webinar will provide an overview of the new resource and how you can use it with the people you serve.

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Pew ODP Study Misunderstands Products, Regulations, CUNA Says

WASHINGTON – In a study released this week, Pew Charitable Trust makes sweeping conclusions about overdraft services for all consumers based on a study that looks at the practices of a small number of hand-picked banks.

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Children’s Miracle Network Hospitals and Credit Unions for Kids Officially Announce #VoteForMiracles Campaign Winners

Winning Hospitals will Share in a $100,000 on Behalf of America’s Credit Unions and CO-OP Financial Services 

SALT LAKE CITY – Children’s Miracle Network Hospitals and Credit Unions for Kids announced the five winners of the 2016 “Vote for Miracles” promotion. Over the course of 22 days, almost 300,000 votes were cast for 141 CMN Hospitals. In addition, members representing more than 2,500 credit unions cast votes during the campaign. 

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Garner & Roy Elected to National CU Foundation Board

McCathran, Middleman, Nava & Spencer Re-Elected

MADISON, Wis. – At its December 9, 2016 meeting, the National Credit Union Foundation (the Foundation) board of directors elected Kathy Garner, president/CEO of Catalyst Corporate FCU in Plano, Texas, and Carlyn Roy, president/CEO of TAPCO CU in Fircrest, Wash., to the Foundation board.

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CUNA in Attendance for Today’s Motion to Dismiss MBL Suit

ALEXANDRIA, Va. – The U.S. District Court for the Eastern District of Virginia is scheduled to take up NCUA’s motion to dismiss the Independent Community Bankers of America’s (ICBA) lawsuit challenging the agency’s member business lending rule today. CUNA and the National Association of Federal Credit Unions (NAFCU), which have jointly moved to file an amicus brief, will be present.

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CUNA/League System Named Top Financial Services Trade Association

WASHINGTON – A National Journal survey of policymakers found the CUNA/League system ranked first among all financial services trade associations studied in terms of advocacy effectiveness. This quantitative analysis, based on a survey of policymakers who were aware of CUNA, found the CUNA/League system to be 6th out of the top 44 associations studied across all industries.

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Vote. Share. Repeat.

From now through December 20, individuals are voting for their favorite Children’s Miracle Network (CMN) Hospital to win up to $50,000 at VoteForMiracles.org.

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Distressed Mortgage Rate Still Highest in N.J.

New Jersey has led the nation in the percentage of residential mortgages considered “distressed” for the third year in a row according to the latest numbers from the Mortgage Bankers Association.

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Foundation Hosts Special Holiday Twitter Chat on 12/8

MADISON, Wis. – As the end of the year approaches, the National Credit Union Foundation (the Foundation) is hosting a “Special Holiday Edition” of their bi-monthly Twitter chats for credit unions on Thursday, December 8th at 4 pm. The Foundation invites credit unions to discuss their efforts to help staff, members and communities during the holiday season.

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Visit VoteForMiracles.org Today Better Than a Sticky Note

Vote for your favorite Children’s Miracle Network (CMN) Hospital on Tuesday, November 29! Enter your email address at www.VoteforMiracles.org to receive an email reminder when the promotion begins. It could be the difference in helping your local CMN Hospital win a share of $100,000 through #VoteForMiracles.

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Vote for Your Favorite Children’s Miracle Network Hospital

‘Vote for Miracles’ Promotion runs Nov. 29 through Dec. 20

SALT LAKE CITY – Children’s Miracle Network Hospitals announced a nationwide “Vote for Miracles” campaign celebrating the 20th anniversary of the Credit Unions for Kids program. From November 29 through December 20, credit unions and the general public are invited to cast their votes to support their favorite CMN Hospital. At the conclusion of the promotion, the top five hospitals will be awarded a total of $100,000 on behalf of “credit unions”, compliments of CO-OP Financial Services.

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Foundation Calls for Proposals to Conduct 'Consumer Financial Health Check-Ups' by CUs

MADISON, Wis. – The National Credit Union Foundation (the Foundation) is looking for credit unions to submit proposals leveraging the Center for Financial Services Innovation’s (CFSI) consumer financial health assessment tool.

CFSI is one of the leading organizations dealing with the subject of consumer financial health. CFSI’s Consumer Financial Health Study found that 57% of Americans are financially unhealthy, lack daily financial systems that serve them well, struggle to weather financial shocks, and are not well-positioned to pursue their financial aspirations.

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Foundation Issues RFP for Financial Health Assessment Tool

MADISON, Wis. – The National Credit Union Foundation is looking for credit unions to submit proposals leveraging the Center for Financial Services Innovation’s (CFSI) consumer financial health assessment tool.

CFSI is one of the leading organizations dealing with the subject of consumer financial health. CFSI’s Consumer Financial Health Study found that 57% of Americans are financially unhealthy, lack daily financial systems that serve them well, struggle to weather financial shocks, and are not well-positioned to pursue their financial aspirations.

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