No Man May Be an Island, But 4 CUs on an Island Are Now One 05/02/2021 05:04 pm CHARLOTTETOWN, P.E.I.–Members of four credit unions here have voted in favor of merging into one CU.
Rule Helps CUs Avoid Becoming the ‘Next Blockbuster,’ CUNA Tells NCUA; Plus, Letter to FCC 05/02/2021 05:07 pm WASHINGTON–CUNA has told NCUA it supports the agency’s proposal to expand CUSOs’ ability to make loans, while offering the FCC recommendations on how it might strengthen rules around call blocking.
Grant Applications for NCUA’s Revolving Loan Fund Open Today 05/02/2021 05:09 pm ALEXANDRIA, Va.—NCUA said low-income-designated credit unions seeking Community Development Revolving Loan Fund grants in 2021 can now apply. The application period will remain open through June 26.
Losses From eCommerce Fraud Expected to Jump in 2021 05/02/2021 05:09 pm BASINGSTOKE, U.K.–A new study from Juniper Research has found that the value of losses due to eCommerce fraud will grow 18% in just one year to $20 billion in 2021, up from $17.5 billion in 2020.
The Message for Smaller CUs: ‘Hell No, We Won’t Go…Away’ 05/02/2021 05:07 pm HENDERSON, Nev.–Credit unions of $300 million in assets and smaller are being invited to participate in participate in a unique Underground Boutique Xchange on May 25 titled, “This one, ‘Hell No, We Won’t Go…Away.”
Economic Rebound Evident in New Q1 Data 05/02/2021 05:10 pm WASHINGTON—A surging economy can be seen in first quarter economic data showing the U.S. economy grew 6.4% in the first quarter, according to new data from the Commerce Department.
Nearly a Century Ago CUs were Charged With ‘Promoting Thrift,’ & They Continue to Do So, CUNA Tells Congress 05/02/2021 05:09 pm WASHINGTON—Congress charged credit unions with “promoting thrift … [and providing] credit for provident or productive purposes,” in 1934 and credit unions continue to fulfill this mission today, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices.
NCUA Tells Senator It Has Spent Nearly $40 Million to Date on New Exam Tool 05/02/2021 06:20 pm ALEXANDRIA, Va. –NCUA spent nearly $40 million through year-end 2020 on its new MERIT examination tool, while the agency also has a number of specific statutory changes it would like to see from Congress, according to responses NCUA has provided to a U.S. senator.
