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WASHINGTON—NAFCU and CUNA have each sent letters to the CFPB in response to the Bureau’s request for information on relationship banking and customer service, with CUNA suggesting the CFPB’s move is “legally dubious.”

ONTARIO, Calif.–The California and Nevada Credit Union Leagues has entered into a partnership with Cities for Financial Empowerment Fund (CFE Fund) that encourages credit unions to begin offering Bank On certified deposit accounts.

MADISON, Wis.—While many small CUs understand why there can be a need to merge, such as gaining greater scale and adding more products for members, it’s also just as important for a small shop to know when not to combine, according to one CEO.

WASHINGTON—Tightening monetary policy and elevated inflation remain the primary causes of a stagnating economy despite strong job growth, according to the August 2022 commentary from Fannie Mae’s Economic and Strategic Research (ESR) Group.

DUBLIN, Ireland–Credit unions in Ireland have once again finished atop a national poll as the “most trustworthy” financial providers, but the survey also reveals a “noticeable age distinction in the preferences for traditional and modern forms of banking.”

WASHINGTON–More than 175,000 people are expected to receive about $10 billion in student loan debt cancellation through a government program designed to encourage people to work in public service, according to a new announcement from the Education Department. 

WASHINGTON–Levels of subordinated debt in credit unions have surged following changes made by NCUA, according to a new analysis.

SNELLVILLE, Ga.–The African American Credit Union Coalition has extended the deadline to register for its DEI Leadership Academy for Financial Professionals.

PLYMOUTH, Minn.–The TruStone Financial Foundation (the Foundation) recently awarded almost $60,000 in scholarships to members pursuing a secondary education in the 2022-2023 school year. 

TAMPA, Fla.--Gary J. Vien is retiring from Suncoast CU after serving the credit union for eleven years, the CU announced.