MADISON, Wis.–The average asset size of a credit union now stands at $381.2 million, up a “remarkable” 22% from a year ago, while the median asset size is $46.5 million, up 24% over the last year, indicating the loss of smaller credit unions, according to CUNA Mutual’s latest Trends Report, which examines CU performance through June.
WASHINGTON–CUNA is calling on the Department of Housing and Urban Development to put a safe harbor as part of new rules codifying a discriminatory effects standard that would help credit unions limited by field of membership limitations.
MADISON, Wis.–The World Council of Credit Unions said it has been in “constant contact” with its direct member organization in Afghanistan over the past several weeks as conditions have worsened as the United States withdraws its troops and the Taliban takes over much of the country.
MADISON, Wis.– Saying it recognizes that many credit unions are serving countries and populations still left behind by the current COVID-19 recovery, the World Council of Credit Unions’ International Advocacy sent a letter to the Basel Committee on Banking Supervision urging the international standard setting body to “support a measured and orderly approach to the withdrawal of its pandemic relief measures.”
ARLINGTON, Va.—Existing-home sales rose 2% in July to a seasonally adjusted rate of 5.99 million units, representing a 1.5% increase in sales versus a year ago.
WASHINGTON—The Consumer Financial Protection Bureau is issuing new technical specifications for complying with credit card agreement and data submission requirements under the Truth in Lending Act (TILA) and the Credit Card Accountability Responsibility and Disclosure Act of 2009 (CARD Act).
ST. PETERSBURG, Fla.–— PSCU is reporting its board has approved an additional investment of $54 million in Lumin Digital, the CUSO’s cloud-native digital banking company, over the next three to five years.
MADISON, Wis.—Summit Credit Union President and CEO Kim Sponem has signed on with the CEO Action Pledge for Diversity and Inclusion.
WASHINGTON—U.S. real estate has become the top destination for laundered dirty money, a new report reveals.
MOUNTAIN VIEW, Calif.–Approximately $100-billion in payments has been enabled by Facebook over the past year, and the company is describing that as “just the start.”
