INFOGRAPHIC: A snapshot of U.S. mortgage lending from HMDA reporters

The Home Mortgage Disclosure Act (HMDA) requires mortgage lenders nationwide to report certain data to their respective regulators. ComplianceTech compiled key data from HMDA reporters in 2014 (the latest information available), giving credit unions insight into the current mortgage lending landscape. Click the image for a larger version of the infographic.

Nussle highlights CU difference at CUNA GAC

The traditional opening of the CUNA GAC includes a drum and fife corp, a color guard, and a credit union  representative from each state walking in with the state flag. CUNA President/CEO Jim Nussle also challenged credit unions to tell the #CUDifference with 15-second videos through social media. It’s not just for CUNA GAC attendees, […]

Treasury, NCUA partner to increase opportunities for low-income credit unions

The National Credit Union Administration (NCUA) and the U.S. Treasury Department’s Community Development Financial Institutions Fund, Monday, signed an agreement that will streamline the application process for low-income credit unions to become certified as Community Development Financial Institutions (CDFI). Credit unions that obtain CDFI certification can access training and competitive award programs provided by the […]

CUNA GAC kicks off with LSCU Welcome Reception

With near record attendance for Alabama and Florida credit unions, as well as for the entire CUNA GAC, festivities kicked off Sunday with some sessions, author Daniel Pink, and the LSCU Welcome Reception. Located the Grand Hyatt, the LSCU host hotel, the LSCU Welcome Reception was standing room only as credit unions got reacquainted, made […]

FDIC expands number of banks eligible for 18-month exam

As credit unions push the NCUA to return to an 18-month exam cycle, the FDIC has increased the number of small banks and savings associations eligible for an 18-month examination cycle. These institutions will move from the 12-month cycle. The FDIC sees this reduction as a savings to regulatory compliance costs for smaller institutions, while […]