WASHINGTON–CUNA’s Credit Union System Digitization Working Group has released its 2021 End-of-Year Report and includes “the latest insights from credit union leaders who are creating an industrywide roadmap for digitization.”
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ALEXANDRIA, Va.–NCUA has issued one prohibition order for January, prohibiting the individual from participating in the affairs of any federally insured depository institution.
WASHINGTON—The Financial Accounting Standards Board (FASB) is set to meet Wednesday, and the agenda includes several items of interest for credit unions.
WASHINGTON—NAFCU has joined with Inclusiv on a letter to the Department of Housing and Urban Development (HUD) that makes several requests.
WASHINGTON—CUNA has updated its Military Lending Act (MLA) credit card fee spreadsheet for the fourth quarter of 2021.
DUBLIN, Ireland–Credit union funds that have been looking for a home appear to have found some homes looking for funds.
BANNOCKBURN, Ill.– Great Lakes Credit Union (GLCU) is reporting it has received $10 million in secondary capital through a partnership with Brean Capital.
SEOUL, South Korea—The Bank of Korea is reporting it has successfully completed the first phase of its central bank digital currency (CBDC) mock testing, which started in August 2021.
MADISON, Wis.–Absent any “swan events,” such as wars, new pandemics or meteor strikes, CUNA Mutual’s chief economist is saying credit unions should not expect to see any recession in the next five years.
MADISON, Wis.–A new report is forecasting credit union loan growth of 9% in 2022 (even as the smallest CUs show negative growth), while the pace of deposits will slow and membership will rise slightly, according to CUNA Mutual’s Trends Report.