Mnuchin Says Legislation Likely Needed to Streamline PPP Loan Forgiveness 09/27/2020 04:59 pm WASHINGTON–Treasury Secretary Steven Mnuchin told the Senate Banking Committee last week that he would contact the Small Business Administration on the same day he was testifying over how it might streamline the forgiveness process for Paycheck Protection program loans.
Inventory Issues Remain Concern Even As Home Sales Rise Again 09/27/2020 04:56 pm ARLINGTON, Va.—While new home sales continued to rise for the fourth straight month in August, up 4.8% from July's revised rate of 965,000 annualized units to 1,011,000 units, NAFCU's Curt Long said "inventory is a concern."
Nearly Half of CU Winners of CDFI Grants Were CU Strategic Planning Clients 09/27/2020 04:56 pm TACOMA, Wash.–CU Strategic Planning is reporting its clients represented nearly half of all credit unions that received funds in the most recent round of grants from Treasury’s Community Development Financial Institutions Fund. In all, CUSP clients received $16.7 million.
FSOC Acknowledges GSE Activities Pose Risk to Financial System if Not Mitigated 09/28/2020 07:52 pm WASHINGTON—The Financial Stability Oversight Council (FSOC) met to discuss its activity-based review of the secondary mortgage market and acknowledged the government-sponsored enterprises' (GSEs) activities, if not mitigated, pose a risk to the financial system.
Horizon CU to Shut Down at Noon Today As Employees Participate in ‘Window Parades’ at Senior Centers 09/28/2020 07:52 pm SPOKANE, Wash.–Horizon Credit Union will be closing its branches at noon Pacific Time today so that its employees may participate in more than 20 “festive outdoor window parades” at senior care facilities.
17 Years After Murder In Branch, Murderer Gets Life Sentence 09/28/2020 07:51 pm ROCHESTER, N.Y.–Seventeen years after murdering a member inside a credit union branch, Richard Leon Wilbern has been sentenced to life in prison.
CUNA/CULAC To Spend Big on Certain House Candidates This Week 09/28/2020 07:52 pm WASHINGTON–With exactly 35 days remaining until the November general elections, many Americans are voting early or have cast votes already, and that has CUNA moving again this week to invest in a number of House races.
Overall Card Payment Volume Slows in Most Recent PSCU Analysis; Plus Other Findings 09/24/2020 11:07 am ST. PETERSBURG, Fla.– Overall card payment volume growth rates at credit unions decelerated during the most recent week, according to the latest data released by PSCU.
Cabrillo FCU Jons Feds Feed Families 09/24/2020 03:01 pm SAN DIEGO–Cabrillo Credit Union joined the Feds Feed Families food drive during July, and between its four locations employees and members made it possible to contribute more than 1,700 pounds of food, benefiting the San Diego Food Bank.