WASHINGTON—A surging economy can be seen in first quarter economic data showing the U.S. economy grew 6.4% in the first quarter, according to new data from the Commerce Department.
Fresh Today
ALEXANDRIA, Va. –NCUA spent nearly $40 million through year-end 2020 on its new MERIT examination tool, while the agency also has a number of specific statutory changes it would like to see from Congress, according to responses NCUA has provided to a U.S. senator.
BASINGSTOKE, U.K.–A new study from Juniper Research has found that the value of losses due to eCommerce fraud will grow 18% in just one year to $20 billion in 2021, up from $17.5 billion in 2020.
WASHINGTON—Congress charged credit unions with “promoting thrift … [and providing] credit for provident or productive purposes,” in 1934 and credit unions continue to fulfill this mission today, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices.
ALEXANDRIA, Va.—NCUA said low-income-designated credit unions seeking Community Development Revolving Loan Fund grants in 2021 can now apply. The application period will remain open through June 26.
ST. LOUIS–A new analysis reveals how the racial gap between White Americans and Black Americans is evident in the housing market, affecting the ability of the typical Black family to build household wealth.
HENDERSON, Nev.–Credit unions of $300 million in assets and smaller are being invited to participate in participate in a unique Underground Boutique Xchange on May 25 titled, “This one, ‘Hell No, We Won’t Go…Away.”
OKLAHOMA CITY, Okla.–Oklahoma has become the latest state to approve prize-linked savings accounts.
WASHINGTON–CUNA has told NCUA it supports the agency’s proposal to expand CUSOs’ ability to make loans, while offering the FCC recommendations on how it might strengthen rules around call blocking.
PHOENIX/DENVER– The Mountain West Credit Union Association said it will hostits first-ever hybrid annual meeting and convention May 3-7, with the in-person event taking place at the Fairmont Scottsdale Princess in Scottsdale, Ariz. The meeting will also be held virtually on an interactive online platform.