ALEXANDRIA, Va.–With one person suggesting the move runs counter to the mission outlined in the FCU Act, and the other saying it instead supports the idea of member-ownership, two NCUA board members spent the first 20 minutes of the agency’s board meeting outlining strongly opposing views on what NCUA’s collection of data related to overdraft/NSF income is going to mean—or whether it’s even necessary.
WASHIGTON–The financial well-being of U.S. households in 2023 was nearly unchanged from 2022 as “higher prices remained a challenge for most households and workers continued to benefit from a strong labor market,” according to a new report from the Federal Reserve.
WASHINGTON—Legislative proposals to expand financial institution liability under the Electronic Fund Transfer Act (EFTA) are deeply concerning to America’s Credit Unions and its members, ACU wrote to the Senate Homeland Security Permanent Subcommittee on Investigations prior to the subcommittee’s hearing this week on fraud and the Zelle.
ALEXANDRIA, Va.—When the NCUA board meets today in an unusual Wednesday meeting it will have a relatively light agenda, as a quarterly briefing on the Share Insurance Fund (SIF) is all that is currently on the schedule.
WASHINGTON—Federal Communications Commission Chairwoman Jessica Rosenworcel met this week with America’s Credit Unions President/CEO Jim Nussle and members of the organization’s advocacy team to discuss credit union priorities related to several agency actions, according to the trade group.
ORLANDO, Fla.–Credit union leaders gathered here were offered some perspectives on what’s going on with mergers and acquisitions in credit unions. As a show of hands indicated, more than half had already been through a merger.
WASHINGTON–The CFPB is allowing for more time to comply with its small business lending rule. According to the Bureau, it will issue an interim final rule to extend the compliance date.
PORTLAND, Maine–cPort Credit Union said it has joined the Co-op ATM network, which is now part of Velera.
CLINTON, Conn.–The Credit Union League of Connecticut said it is partnering with CUCollaborate to help credit unions obtain and maintain their certification as a community development financial institution through Aluvy, a league-owned loan participation platform.
TALLAHASSEE, FL – The Southeastern Credit Union Foundation (SECUF), the charitable arm of the League of Southeastern Credit Unions (LSCU), has announced the recipients of the Growth and Impact Grant Program.
