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DES MOINES—A bill that would prevent Iowa’s state-chartered credit unions from buying banks has passed out of this state’s Senate Committee on Commerce. One analyst told CUToday.info, which was first to report the story here, were it to be enacted it would put the state in a “dark cave” of regulation.

WASHINGTON–The nominee to lead the Consumer Financial Protection Bureau told a Senate hearing he has learned the lessons from a decade ago, and that fair and effective oversight of the mortgage market can promote a “resilient and competitive financial sector” while also addressing racial inequities.

WASHINGTON—With a message that stressed the need to focus on financial well-being, CUNA CEO Jim Nussle said it’s no longer enough to simply tell the credit union story when meeting with state and national leaders--it’s time to back the discussions up with data to “paint an undeniable picture” of what credit unions are doing to help millions of Americans.

MADISON, Wis.— CUES is reporting that since rolling out updated membership tiers and benefits in 2018 it has more than doubled its number of members to more than 29,000.

HEATH, Ohio.–Credit unions in Ohio and Wisconsin have named new CEOs.

MARION, Ind.–Afena FCU here has selected eCU Technology’s Origin Suite, which the company said is a digital solution designed by and built to help credit unions win the digital race.

HANSCOM AFB, Mass.–With more than a decade of participating in the Cooperative Credit Union Association’s (CCUA) annual Gift of Warmth blanket drive to benefit the Massachusetts Coalition for the Homeless, Hanscom FCU is reporting that this year it was able to provide 142 new blankets for children in need of support across the state. 

MILWAUKIE, Ore.–Clackamas Federal Credit Union is reporting 2020 was  a record-setting year for community support, noting it gave more than $120,000 to local community organizations and employees spent more than 670 hours volunteering.