ALEXANDRIA, Va.–The NCUA board was given an update on the agency’s Diversity, Equity, Inclusion and Accessibility Strategic Plan, and while support was expressed for its expanded initiatives, Vice Chairman Kyle Hauptman also cautioned that the CU community itself becomes less diverse every time a healthy CU merges due to “the crush of regulatory burden.”
Fresh Today
PASADENA, Calif.–A member objects to a CEO pay raise. A combination that crosses state lines. “Theresa,” the Woman Who Runs Everything is Retiring. Here’s Part II of CUToday.info’s latest review of merger proposals and what’s being disclosed to members. Part I can be found here.
WASHINGTON–Consumer groups wasted little time in responding positively to the new CFPB proposal related to overdrafts, while credit unions are strongly criticizing the plan.
ALEXANDRIA, Va.—It will be a light agenda when the NCUA board meets today. The meeting will be the first for new NCUA Board Member Tonya Otsuka.
ALEXANDRIA, Va.–With liquidity tight at many CUs, NCUA has issued an advisory on liquidity risk management.
WASHINGTON—Credit union loans outstanding increased 0.4% in November, compared to a 0.4% increase in October 2023 and a 1% increase in November 2022, according to the latest America’s Credit Unions’ Monthly Credit Union Estimates.
COLUMBUS, Ind.–Two Indiana credit unions have announced plans to merge and create a near $3-billion institution.
WASHINGTON—Support for the Business of Insurance Regulatory reform Act—which seeks to limit the CFPB from expanding its authority under the Consumer Financial Portion Act—has been expressed in a new letter to Congress from America’s Credit Unions.
WASHINGTON—Senate Finance Committee Chair Ron Wyden (D-OR) and House Ways and Means Committee Chairman Jason Smith (R-MO) have announced an agreement on tax framework legislation, the Tax Relief for American Families and Workers Act of 2024.
PHOENIX–The GoWest Credit Union Association is reporting that more than 125 advocates from Arizona’s CUs came together for annual “Arizona Credit Union Day at the Capitol.”