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SPRINGFIELD, Ill. –The Illinois Department of Financial and Professional Regulation’s (IDFPR) Division of Financial Institutions has earned Reaccreditation from the National Association of State Credit Union Supervisors following a series of in-depth reviews and assessments by a panel of veteran state supervisors.

WASHINGTON–The average American saw an increase in their financial well-being between 2017 and 2020—most likely as the result of the government’s COVID-19 response and economic assistance--but also because most of those seeing improvement had higher incomes, according to a new Data Spotlight from the CFPB.

WASHINGTON–Sixty-six candidates who received backing from credit unions in this week’s primaries in six states have won their races, according to the Credit Union Legislative Action Committee (CULAC), which is CUNA’s PAC.

DUBUQUE, Iowa — Dupaco Community Credit Union is reporting it has officially welcomed the former customers of Madison, Wis.-based Home Savings Bank as members, after successfully completing its acquisition of the bank and the account data conversion.

WASHINGTON—The House Armed Services Committee should reject any bank attempts to share the land lease arrangement between the Department of Defense and credit unions, CUNA, NAFCU and the Defense Credit Union Council told the House Armed Services subcommittees, which begin markups of the FY23 National Defense Authorization Act (NDAA) this week.

WASHINGTON--The Federal Reserve has announced plans to release a second tool to help community financial institutions implement the Current Expected Credit Losses, or CECL, accounting standard.