NEW YORK–Inclusiv has launched a $20 million Racial Equity and Resilience Investment Fund it said deploys secondary capital to expand economic relief and financial inclusion for credit unions that serve communities of color.
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COLUMBIA, Md.–The Maryland and DC Credit Union Association said it is partnering with Georgetown University’s School of Continuing Studies to offer a Diversity, Equity & Inclusion (DEI) certificate program designed specifically for credit union leaders.
WASHINGTON—The Small Business Administration (SBA) has issued a procedural notice regarding first draw Paycheck Protection Program (PPP) loan increases.
WASHINGTON—The Federal Housing Finance Agency (FHFA) and Treasury Department have announced amendments to the Preferred Stock Purchase Agreements, allowing the government-sponsored enterprises (GSEs) to retain earnings until they meet capital rule requirements.
WASHINGTON–The Office of the Comptroller of the Currency approved Anchorage Trust Co., a cryptocurrency custody provider, for a national trust bank charter for Anchorage Digital Bank NA. The bank start-up, based in South Dakota, said it is the first-ever federally chartered digital asset bank.
OLYMPIA, Wash.–After 20 years of hosting its popular Volunteer Leadership Institute on location in Hawaii, Rochdale Paragon Group is reminding that this year the event, designed to support and educate volunteer leaders in credit unions, will be held virtually this year.
BROOKFIELD, Wis.– Fiserv, which is reporting it worked with hundreds of financial institutions across the United States to help facilitate more than 100,000 Paycheck Protection Program loans to small businesses earlier this year, said it continues to provide technology support to make the process more efficient as a new PPP funding round opens.
JACKSON, Mich.–After years of investing in bricks and mortar, including five new branches since 2017, American 1 CU is reporting the pandemic has led it to join other credit unions in accelerating its investment in digital services.
MADISON, Wis.— CUES has announced its CEO Institute will be offered in an online format in 2021, with the organization noting the challenging academic and leadership program is tailored specifically for credit union executives, and held in partnership with three top business schools.
BASINGSTOKE, U.K.–A new study from Juniper Research suggests the total number of QR code payment users will exceed 2.2 billion in 2025, up from 1.5 billion in 2020; equating to 29% of all mobile phone users across the world in 2025.