WASHINGTON—Credit union loans outstanding decreased 0.2% in January, compared to a 0.1% increase in December of 2020 and a 0.3% increase in January of 2020, according to CUNA’s latest Monthly Credit Union Estimates.
Fresh Today
WASHINGTON–The Secure and Fair Enforcement (SAFE) Banking Act has been reintroduced in Congress. The legislation, which would provide protections for financial institutions serving cannabis-based businesses where it is legal, was also submitted in the prior Congress and passed in the House before dying in the Senate.
BOSTON–A new report from a cybersecurity firm based of a sample of credit unions and vendors offers a “B” grade for their state of security, meaning “cyber breaches would require the skills of persistent, highly experienced hackers.”
MADISON, Wis.–The Filene Research Institute says it is launching a survey on diversity, equity, and inclusion (DEI) policies and practices in credit unions.
LAS VEGAS– America First Credit Union is partnering with the Las Vegas Raiders to help one deserving small business thrive. The credit union and the Raiders are giving small businesses in Nevada and Utah the chance to secure a single-season sponsorship agreement valued at approximately $100,000.
WASHINGTON– Credit unions interested in applying for funds from the FY 2021 CDFI Rapid Response Program, CDFI Program, and NACA Program have until March 22 to file their applications.
RANCHO CUCAMONGA, Calif. CO-OP Financial Services will be featured on a car competing in a NACAR race this weekend.
SAN ANTONIO—Firstmark Credit Union here has selected Lumin Digital, a PSCU company, to provide online and mobile digital banking to its more than 60,000 users when the credit union goes live on the platform in April.
LOS ANGELES – Expanding a case in which four people were indicted in 2020, federal authorities have charged four new defendants with participating in a scheme that allegedly submitted more than 150 fraudulent loan applications seeking nearly $22 million in COVID-19 relief funds authorized under the CARES Act, the Justice Department announced.
INDIAN LAND, S.C.—Sharonview Federal Credit Union and Elan Financial Services have signed an agreement to provide Sharonview’s more than 90,000 members with a suite of credit card products and services.