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NEW YORK—The majority of small business owners have been struggling since the COVID-19 pandemic hit the U.S. in early 2020.

ALEXANDRIA, Va.–A new Letter to Federal Credit Unions from NCUA addresses revisions in its chartering and field of membership manual and also provides revised guidance and templates.

ARLINGTON, Va.—In response to a Federal Housing Finance Agency (FHFA) proposed rule that would require the government-sponsored enterprises (GSEs) – Fannie Mae and Freddie Mac – to obtain prior approval on new products and activities, NAFCU is urging the agency to consider the potential impacts on access to credit for low- and moderate-income borrowers during its review.

WASHINGTON — Acting Comptroller of the Currency Brian P. Brooks has responded to a new set of recommendations from the CFPB by claiming that if any national charters are to be issued to fintechs it will be done by his agency.

ALEXANDRIA, Va.—NCUA has a packed agenda for this Thursday’s board meeting, including proposing a risk-based net worth rule to raise the asset threshold for defining a credit union as complex.

NEW YORK–It’s become a common refrain, but mortgage rate averages nationally have again hit “new lows."

WESTBROOK, Maine–Infinity Federal Credit Union (FCU) has been named the top credit union lender by the Small Business Administration (SBA) for the third consecutive year. 

ARLINGTON, Va.—Total vehicle sales grew in December, jumping from 15.6 million annualized units to 16.3 million during the month, a 3.2% increase in sales levels versus last year.

CONCORD, N.H.–New Hampshire FCU’s  Santa for Seniors Giving Tree donation drive resulted in community members contributing gift cards and homemade holiday cards, which were placed on “Giving Trees” in each NHFCU lobby for two weeks.  

CARSON CITY, Nev.—If the big banks jump into  new round of Paycheck Protection Program (PPP) loans with both feet, credit unions can expect borrower interest to be steady. If they don’t, CUs should get ready for a lot of work.