Brighter Tomorrows to Have a Brighter Tomorrow as 8th Winner of Alloya’s 10 for 10 for 10 Initiative
NAPERVILLE, Ill.—The eighth winner in Alloya Corporate FCU’s “10 for 10 for 10” initiative has been named: Brighter Tomorrows, Inc.
Fresh Today
WASHINGTON—The Defense Credit Union Council is asking the Department of Defense to champion its concerns over the new IRS reporting proposal, and take those concerns to Capitol Hill.
WASHINGTON— U.S. economic activity grew at a modest to moderate rate in recent months, with the pace of growth slowed due to supply chain disruptions, labor shortages and the effects from the Delta variant, according to the Federal Reserve’s latest Beige Book data.
WASHINGTON—NAFCU and CUNA have joined with several financial trade organizations on a letter to members of the Wisconsin Assembly Committee on Financial Institutions that warns of the “troubling” side effects of Wisconsin legislation that would prohibit interchange on the sales tax provision of electronic payment transactions.
WASHINGTON—Credit union members from coast to coast have “grave concerns” with a proposal to expand financial institution reporting to the Internal Revenue Service (IRS), CUNA, the American Association of Credit Union Leagues, and all 35 Leagues stated in a letter to Congressional leadership.
ALEXANDRIA, Va.–Members of the NCUA board were given an update on cybersecurity related risks and issues within credit unions and the agency itself, while CUs were offered a checklist for better “cyber-hygiene.”
ALEXANDRIA, Va.–The issue of losses to credit unions and the NCUSIF as a result of CUSOs was again raised during the NCUA board meeting, this time with a few more details around how the agency arrived at the figures it has been citing.
ALEXANDRIA, Va.–Over the “strong opposition” of its chairman, the NCUA board has voted 2-1 in favor of expanding lending authority for credit union service organizations (CUSOs) to allow loans to be made directly to credit union members.
ALEXANDRIA, Va.–The NCUA board has voted 3-0 to adopt its final rule on the CAMELS rating system, approving a plan to add an “S” for market sensitivity to its examination tool.
MADISON, Wis.–Today marks International Credit Union Day around the world.