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ST. PAUL, Minn.–The Minnesota Credit Union Foundation said it has launched an effort to raise $1 million in capital from the credit union community to support the establishment of Village Financial Credit Union, a Black-led de novo credit union.

WASHINGTON—The Federal Trade Commission has joined the Consumer Financial Protection Bureau in an amicus brief filed with the United States Court of Appeals for the Second Circuit in the case of Sessa v. TransUnion.

WASHINGTON–The nation’s banking system remains strong overall, but there remain risks around cybersecurity, prime brokerage services and credit, in addition to other emerging issues, according to a new report from the Federal Reserve.

HENDERSON, Nev.–In the six weeks since it was announced, more than $300,000 has been raised for the Polish American Credit Union Support Fund, which is providing support to Poland’s credit unions as they give assistance to the tide of Ukrainian refugees who have entered the country.

WEST PALM BEACH, Fla.—Gold Coast FCU has been selected as one of Elan’s 50 credit union credit card partners to participate in Elan’s Across the Country Charitable Giving program.

MILWAUKEE, Wis.–Corporate Central CU said it plans to launch a new member service platform in the fall of this year called “Beastro” that is designed to be a user-friendly, open, and integrated correspondent services digital platform to further advance financial wellness for members and the people they serve.

WASHINGTON—CUNA said it supports a Consumer Financial Protection Bureau proposal that would amend the Fair Credit Reporting Act to assist victims of human trafficking.

MADISON, Wis.–Filene will host a webinar titled “Leading With Heart, Earning Results,’ on May 24.

BOSTON—Thousands of U.S credit unions have significant unaddressed risk arising from the climate crisis, according to a new report released by Ceres and the Filene Research Institute that also suggests seven steps credit unions should be taking in response.

LAKE FOREST, Ill.—Are credit unions throwing away their tax break? One economist says they are, noting the higher expense ratios at credit unions compared to banks negates the advantages the non-profit status offers CUs.