MADISON, Wis.–The Worldwide Foundation for Credit Unions has launched a “Resilience Initiative” in Ukraine, with $500,000 allocated for credit union loans targeting vulnerable populations and sustainable development.
Fresh Today
WASHINGTON — Bank economists expect credit conditions to soften over the remainder of 2023 due to the economic headwinds faced by consumers and businesses, according to the American Bankers Association’s latest Credit Conditions Index.
WASHINGTON–Cathie Mahon, president/CEO of Inclusiv, testified before the Senate Climate Change Task Force that CDCUs can play a key role in advancing climate solutions and equity by deploying Greenhouse Gas Reduction Fund resources to the underserved urban, rural, reservation-based, and historically redlined communities, which the Fund is intended to reach.
WASHINGTON—Far from increasing credit card competition, the Marshall-Durbin-Gooden-Lofgren interchange bill would hurt consumers and small businesses while benefitting big box retailers, according to a letter to the House and Senate singed by CUNA, the American Association of Credit Union Leagues, and all state leagues and associations.
SALEM, Ore.– Oregon’s legislature has passed a credit union-backed bill that adds a requirement for high school students to complete one half-credit of higher education and career path skills and one half-credit of personal financial education in order to receive a high school diploma.
TEMPE, Ariz. –TruWest Credit Union said it is now paying members who use its High Yield Checking Account 4% APY on checking balances of up to $10,000.
PENSACOLA, Fla.–PenAir Credit Union has introduced what it is calling a “vibrant, new identity.”
GRAND RAPIDS, Mich.–The National Association of CUSOs (NACUSO) has named Ronaldo Hardy as its new president/CEO, succeeding the retiring Jack Antonini.
ALEXANDRIA, Va.–The NCUA board has put out for 60-day comment a proposedInterpretative Ruling and Policy Statement on its Minority Depository Institution Preservation Program.
ALEXANDRIA, Va.––The NCUA Board was given an update on a proposed “provisional charter” aimed at addressing a “Catch-22” facing those looking to start a new CU: organizers seeking funding to start new credit unions need a charter to do so, but in order to get a charter they must first obtain the funding.