The NCUA will host a free webinar April 4 tackling liquidity risk management. Credit unions are encouraged to attend; registration is open now. During the event, representatives from the agency will review the NCUA’s Jan. 17 advisory issued to credit unions, outlining the importance of having a strong liquidity management framework due to the …
NCUA to host webinar on liquidity risk management Read More »
The number of Americans that are members of credit unions increased to over 142 million in January, according to the recently released America’s Credit Unions’ Monthly Credit Union Estimates. Additionally, the estimates revealed that credit union loans outstanding and savings balances declined slightly in January. Other highlights from the report: Credit union loan-to-savings rates increased …
The economy might look good by the numbers, but there’s still a lot of consumer uncertainty, America’s Credit Unions’ economic team told the BIGCast in its recent episode from the Governmental Affairs Conference (GAC). America’s Credit Unions’ Ligia Vado called it a “vibe-cession,” noting that consumers do not seem very optimistic. “Even though the economy …
Economists talk conflicting numbers, consumer concerns Read More »
The America’s Credit Unions February Economic Update is now available, featuring a breakout session from the 2024 Governmental Affairs Conference (GAC). The presentation was led by America’s Credit Unions Economic Research Team: Mike Schenk, Dawit Kebede, Ligia Vado, and Curt Long. The session begins with an update from Schenk stressing the importance of advocacy at …
February Economic Update provides deep dive into macro economy Read More »
America’s Credit Unions supports the bureau’s proposed rule to place “larger participants” digital payments providers under its supervisory authority America’s Credit Unions told a House subcommittee on Wednesday. America’s Credit Unions submitted comments in conjunction with a House Financial Services Digital Assets Subcommittee hearing on the proposal. “Our members do not want to discourage innovation …
Nussle to Congress: CFPB supervision of nonbank payments providers should go further Read More »
The credit union tax status is a responsibility for credit unions to put people over profits, America’s Credit Unions President/CEO Jim Nussle wrote in American Banker. Nussle highlighted that—despite bank falsehoods—the data shows the reality behind the credit union difference. “Credit union members saw more than $21.5 billion in economic benefits from September 2022 to …
Nussle: Credit union tax status is a responsibility to consumers Read More »
America’s Credit Unions PAC and the Mississippi Credit Union Association were involved in five primaries in Mississippi Tuesday, with all credit union-backed candidates winning their races. These include Sen. Roger Wicker, R, and Reps. Trent Kelly, R, Bennie Thompson, D, Michael Guest, R, and Mike Ezell, R. In California, America’s Credit Unions PAC and California …
Credit union-backed candidates win in Mississippi Read More »
The Small Business Administration (SBA) Wednesday announced it was making changes to its Paycheck Protection Program (PPP) loan forgiveness application process. The changes “allow all PPP borrowers to apply for loan forgiveness through the SBA PPP Direct Forgiveness Portal, regardless of their loan size or Lender.” It also requires all lenders to process forgiveness applications …
SBA issues change for PPP loan forgiveness application process Read More »
