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SANTA MONICA, Calif.–Consumers and credit union members who have car leases due to expire soon are being urged to carefully explore their options, as a 2019 leased car, for example, is now worth an average $7,200 more than expected.

WASHINGTON–It’s increasingly likely anything credit unions want to see passed in the current Congress will need to be included in larger omnibus packages, according to one person.

WASHINGTON–In just two years there has been an “important culture shift” among credit unions when it comes to diversity, equity and inclusion (DEI), according to a new CUNA survey.

WASHINGTON—NAFCU is offering several recommendations to the Federal Housing Finance Agency (FHFA)  in response to its draft strategic plan for fiscal years 2022-2026.
Regulatory Affairs Counsel Aminah Moore highlighted the importance the role of government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac, as well as the FHLBs serving as a reliable source of liquidity and funding for housing finance and community investment, noting that credit unions rely on access to the secondary mortgage market for the liquidity needed to make more loans to their members.

WASHINGTON–The most recent acquisition of a bank by a credit union—six so far in 2022, as CUToday.info reported here–continues to also bring criticism from the banking industry, whose trade groups have been working to get Congress to focus on the issue. But at least one person doesn’t expect elected officials will respond.

WASHINGTON–Russia’s attack upon Ukraine and the resulting crisis has affected much of the agenda on Capitol Hill, and that includes credit unions.

MOSCOW—Sberbank said it’s looking at the possibility of issuing cards using Russian payments system Mir and China’s UnionPay after Visa Inc. and Mastercard suspended operations following the invasion of Ukraine. 

RANCHO CUCAMONGA, Calif.—Look for credit card spending to continue its resurgence in 2022, say a half-dozen experts, who predict the credit picture this year will more closely reflect the pre-pandemic landscape.

ALEXANDRIA–Federally insured credit unions experienced continued growth in assets and loans during 2021, an increase in ROAA, and a decline in the total delinquency rate, according to the NCUA’s fourth-quarter state-level data, which also continue to show growth problems among small FCUs—and issues with overall CU membership growth.