Fresh Today

ALEXANDRIA, Va. –Federally insured credit unions with both the minority depository institution and low-income designations can now  apply for the MDI mentoring grants from the agency. The deadline to submit an application is Oct. 29.

ATLANTA—Equifax said it is partnering with the National Association of Minority Mortgage Brokers of America (NAMMBA) to help support its efforts to assist underserved communities and their housing needs.

GLENDALE, Ariz.–Los Angeles FCU is reporting that in the six months since the launch of its Relationship Rewards program it has rebated $200,000 to its members who attained Gold Level status. Each member at the Gold Level level gets 1% cash back on debit card purchases, up to $500 monthly.

NASHVILLE, Tenn.–Just in the last few days several more open positions continue to be added to CUToday.info’s free job board, The Gig.

WASHINGTON–What many are calling the newest jobs report disappointing, it has some positives, according to economists with both CUNA and NAFCU.

WASHINGTON—The current expected credit loss (CECL) remains inappropriate for credit unions, CUNA wrote to the Financial Accounting standards Board (FASB).

BOISE, Idaho–A former FBI operative who helped capture the man considered to be the most damaging spy in U.S. history and who was featured in a movie shared his story as well as advice for guarding personal and CU information in cyberspace in remarks to a credit unions.

CHICAGO – Despite financial challenges brought forth by the COVID-19 pandemic, a new study from TransUnion has found 18.7 million U.S. consumers who entered a financial hardship program experienced an increase to their VantageScore 4.0 credit risk scores in 2020.

JACKSON, Mich.–American 1 Credit Union said effective Jan. 1 it will be enhancing its pay and benefits for employees, including a new program called “Responsible Time Off.”

WASHINGTON—CUNA has again expressed its opposition to the Small Business Administration getting into the lending business.’