WASHINGTON—Credit unions are willing to make smaller balance loans that are less profitable compared to other financial institutions, CUNA said in a letter to the Department of Housing and Urban Development (HUD).
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WASHINGTON–NAFCU and CUNA have joined with a number of other financial services and consumer organizations in separate letters supporting closure of a loophole related to ILCs and opposing changes the SBA has announced for its loan programs, respectively.
BATON ROUGE, La.–EFCU Financial, a low-income designated CU here, has received a $5 million subordinated debt loan from the National Cooperative Bank (NCB).
RANCHO CUCAMONGA, Calif. – Co-op Solutions has published a new white paper it said is designed to help credit unions both “plan and execute their own highly effective member-centricity strategies.”
MADISON, Wis.–The World Council of Credit Unions (WOCCU) will host a webinar titled “Crafting an Effective Board Agenda—For Directors and CEOs” on Tuesday, Jan. 24. The webinar will begin at 11 a.m. ET.
MILWAUKEE, Wis. – InterLutions, a CUSO specializing in employee benefit solutions, said it has launched a comprehensive employee benefits plan for small credit unions called the I-Care Health Plan.
APPLE VALLEY, Minn.—Wings Financial Credit Union is sponsoring 36 Minnesota-based credit unions as part of the Credit Union Awareness program.
TALLAHASSEE, Fla.–In the wake of Hurricane Ian, which struck southwest Florida and south central portions of the state the hardest, the Southeastern Credit Union Foundation, the charitable arm of the League of Southeastern Credit Unions & Affiliates, reported it has received nearly 550 disaster relief grant applications to date.
PEARL HARBOR, Hawaii—Eighty-one years ago today a credit union leader was killed attempting to save the CU’s records during the attack on Pearl Harbor.
WASHINGTON—NAFCU is expressing support for proposed changes to the NCUA’s subordinated debt rule.