CUNA Board rejects ICBA’s lawsuit

CUNA’s Board of Directors passed a resolution stating CUNA’s commitment to fight against the baseless lawsuit filed against the NCUA and its member business lending rule by the Independent Community Bankers of America (ICBA). In support of that resolution, CUNA is sending a letter to all member credit unions with additional details. “CUNA’s board and […]

New numbers show mortgages on the grow for CUs

Homebuyers are turning to credit unions for their mortgages, which is providential for the industry. Data from the latest CUNA Mutual Group Credit Union Trends Report revealed that credit union first mortgages grew by 1.3 percent during June. The figure represents 8.3 percent year-to-date growth. A boom in adjustable-rate first mortgage balances shows them up […]

Non-interest income sources rising for credit unions

Non-interest income sources continue to emerge within the credit union industry with limited options for income reporting and composition on the 5300 Call Report.  Earlier this summer, Callahan & Associates surveyed 170 credit union executives from 40 states to gain insight into their current and emerging sources of non-interest income. The Non-Interest Income survey focused […]

Birmingham Chapter donates to support flooding victims in Louisiana

The LSCU this week announced its support of the NCUF’s CUAid disaster relief system, donating $2,500 to help Louisianans in need. Now the Birmingham Chapter of Credit Unions has announced it will donate $1,500 to the Louisiana relief efforts, said Derrick E. Ragland Jr., president of the chapter and president/CEO of  APCO Employees Credit Unions […]

70 senators ask CFPB to ease regulatory burden for credit unions

An overwhelming, bipartisan majority of 70 U.S. senators have added their voices calling on the Consumer Financial Protection Bureau (CFPB) to tailor rulemakings to protect credit unions from regulatory burden. The combined advocacy efforts of CUNA and state credit union leagues bring total congressional support from both chambers to 399 signers. LSCU’s advocacy team worked […]