WASHINGTON—While CUNA said it “generally supports” NCUA’s proposal on subordinated debt, the trade association offered several suggestions it is saying will improve the rule.
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WASHINGTON–President Trump has signed a bill that would extend the deadline for applying for Paycheck Protection Program (PPP) loans, a move that drew support from both credit union trade associations.
SNELLVILLE, Ga.–The African American Credit Union Coalition (AACUC) and the MD|DC Credit Union Association co-hosted a town hall the organizations said was designed to explore the “human and economic toll of systemic racism and how the movement can effect change.” Approximately 200 people participated in the “Commitment to Change Through Action” virtual town hall.
ST. PAUL, Minn.–Credit unions in Minnesota said they are now offering 90-day mortgage forbearance to members experiencing financial hardship due to the COVID-19 pandemic.
WASHINGTON–Average mortgage rates continue to hit record lows and the 30-year could drop below 3% before year-end, depending on how the economy performs during the ongoing coronavirus pandemic.
PROVIDENCE, R.I.–A “spirit challenge” hosted by this state’s credit unions helped to connect people who have been sheltering at home by allowing them to demonstrate their school spirit in a friendly virtual competition.
WASHINGTON–CUNA’s Open Your Eyes to a Credit Union initiative is expanding into four new areas: Northern California, Texas, Tennessee and Rhode Island.
WASHINGTON–Credit union credit card call centers are likely fielding a big increase in complaints over online purchases, if new data from the Federal Trade Commission are any indication.
DETROIT–Ford Motor Credit has introduced a new lending option in response to the coronavirus and the fear many potential buyers have over potentially losing their jobs.
PORTSMOUTH, N.H.– Service Credit Union said it has launched the Service CU Impact Foundation, with an objective of increasing its footprint of community giving and further promoting initiatives that affect the areas it serves.