NCUA finalizes FOM rule

NCUA finalized a field-of-membership (FOM) rule Thursday allowing credit unions the option to submit an application to serve a well-defined local community exceeding 2.5 million people under a narrative approach, among other changes. CUNA strongly supports NCUA’s FOM modernization efforts, through this final rule and the one finalized by NCUA in October 2016. “NCUA has once again acted […]

Supreme court rules to collect sales tax

The Supreme Court ruled states can force online shoppers to pay sales tax. In a 5-4 ruling, the court overturned a 1992 court precedent barring states from requiring businesses that have no physical presence in the state to collect their sales taxes. The 5-4 ruling Thursday is a win for states, who said they were losing […]

Senate votes down CUNA-opposed rescissions bill

CUNA wrote to Senate leadership this week in opposition to a bill that would rescind $141 million from the Treasury’s Community Development Financial Institutions (CDFI) Fund. The Senate voted down the legislation Wednesday afternoon by a 48 to 50 vote. The $141 million would come from the CDFI Fund’s Capital Magnet Fund (CMF), which awards grants to […]

CU Happenings – June 22, 2018

Listerhill CU receives Large Business of Year award from area chamber The Shoals Chamber of Commerce in Florence, AL, recently presented Listerhill Credit Union the honor of 2018 Large Business of the Year Award. Open to larger companies with more than 50 employees, the winning business must have made a significant impact on the Shoals area […]

Join SECUF for Cash Hash next week

Join SECUF director Juli Lewis for the upcoming Cash Hash on June 27 at 5:30 p.m. ET. The topic to be discussed is “Car buying 101.” Cash Hash is a free financial education resource for credit union members. It’s an online webinar-style forum that is quick, fun, and full of practical money tips for teens, young […]

Keys FCU names Coleman-Sayer as CEO

Keys Federal Credit Union has tapped Maggie Coleman-Sayer as the new CEO.  She joined the credit union nine years ago as director of technology and was named interim executive vice president this past October. Sayer will work with outgoing CEO Scott Duszynski to ensure a smooth transition. Keys Federal Credit Union was recognized by the LSCU […]