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GRAND RAPIDS, Mich.–The  National Association of Credit Union Services Organizations (NACUSO) has issued a statement in support of a move by the NCUA board to add a vote on finalizing CUSO rule amendments to its October meeting.

WASHINGTON—In a letter to the House Financial Services subcommittee, CUNA encouraged Congress to enact legislation that provides flexibility to NCUA to offer forbearance from prompt corrective action to otherwise healthy credit unions impacted by federally declared emergencies or disasters.

WASHINGTON–The American Bankers Association has told Congress it opposes a bill that would expand credit unions’ ability to make business loans.

WASHINGTON–A “study” that has called for the elimination of the credit union tax exemption was paid for by the nation’s banks, according to NAFCU.

WASHINGTON—Acting Comptroller of the Currency Michael Hsu is warning that cryptocurrencies and decentralized finance (DeFi) could pose risks for the broader economy, comparing them to the 2008 financial crisis.

ARLINGTON, Texas–– Financial consumers in Arlington and Mansfield have voted Texas Trust Credit Union as best credit union in the Arlington Today and Living Magazine Reader’s Choice awards. 

MADISON, Wis.—The slowdown in auto sales due to supply issues led to slower credit union loan growth in the year ending June 2021, compared to the same period in 2020, CUNA Mutual Group’s latest Trends Report reveals, adding that indirect auto is the culprit.

WASHINGTON–A bank CEO who testified on behalf of the American Bankers Association before the House Subcommittee on Consumer Protection and Financial Institutions on Wednesday mentioned credit unions only in the context of the competitors in his market. 

ARLINGTON, Va.—The increasing use of digital assets is also increasing risk to the credit union system, NAFCU told NCUA.

SAN JOSE, Calif.–Excite Credit Union here is celebrating its certification as a Community Development Financial Institution, saying the new status will help drive growth and better serve its community.