CDFI funding secured for 2019

Credit unions will receive full funding for the Treasury’s Community Development Financial Institutions (CDFI) Fund, which is awarded for grants and funding to foster growth, achieve sustainability, and revitalize communities. The Senate Appropriations subcommittee on financial services and general government (FSGG) passed its fiscal year 2019 bill late Tuesday. Credit Union National Association (CUNA) and the League have been longtime supporters of fully funding the CDFI fund and actively advocated to […]

Suncoast CU member wins LSCU raffle cash

Juli Lewis, director of the Southeastern Credit Union Foundation, announced $13,491 was raised from the sale of raffle tickets for a $5,000 VISA card donated by CUNA Mutual Group to benefit the initiatives of the foundation. The drawing was held June 8 during the wrap-up of SCUCE 2018. The winner was Beth Smith from Punta […]

SCUCE kicks off with golf, workshops, sessions

The Southeast Credit Union Conference and Expo began this morning with an early tee-time for supporters of the Southeastern Credit Union Foundation. Today’s sessions include a new attendee orientation, as well as sessions on how to respond to violence in the workplace and an update on cannabis banking. The silent auction is ongoing with online bidders vying […]

NCUA wants to expand Payday Lending Alternatives for credit unions, consumers

Federal credit union members could have more options for short-term, small-dollar borrowing under a rule proposed today by the National Credit Union Administration Board. The proposed rule would create one new product in addition to the current payday loan alternative that has been available to federally chartered credit unions since 2010. The Board also is […]

FFIEC issues new customer due diligence and beneficial ownership examination procedures

The Federal Financial Institutions Examination Council (FFIEC) today issued new examination procedures on the final rule, “Customer Due Diligence Requirements for Financial Institutions,” issued by the Financial Crimes Enforcement Network (FinCEN) on May 11, 2016. These examination procedures apply to banks, savings and loan associations, savings associations, credit unions, and branches, agencies, and representative offices […]