Funding CDRLF at $2M is of critical importance for CUs

NCUA’s Community Development Revolving Loan Fund (CDRLF) is a critically important program and should be fully funded at $2 million in fiscal year 2020, CUNA wrote to House and Senate appropriators this week. The House-passed Financial Services and General Government (FSGG) Appropriations Act for fiscal year 2020 provides $2 million for the CDRLF, but the FSGG bill […]

Only six weeks until Black Friday – is your credit union ready?

Holiday bells will soon be ringing and this is the time to stock up on LEVERAGE prepaid gift cards for your credit union. Black Friday is Nov. 29, just six weeks away! For the 12th year in a row, gift cards are the most requested gift and tied for first place with clothing among planned […]

Learn ‘Fast track to leadership’ at SLDC

Jill Nowacki, president & CEO of the Credit Union League of Connecticut, will deliver a presentation on Fast Track to Leadership at the Southeast Leadership and Development Conference, Nov. 6-8 in Point Clear, Ala. Key points to be discussed include integrating personal values in career planning, when to stay and when to go, taking charge […]

Data shows small business loan approvals at big banks hit new record high

Approval rates for small business loan applications rose to another post-recession record (27.9%) at big banks ($10 billion+ in assets), while approval percentages also stayed above 50% at small banks in September, according to the Biz2Credit Small Business Lending Index™ released recently. Credit unions’ approval rates fell to 39.7% in September, slipping from the 40% mark in August. The figure is a record low […]

ICYMI: CFPB to establish task force examining financial laws

The Consumer Financial Protection Bureau announced that it will establish a task force to examine ways to harmonize and modernize federal consumer financial laws. The bureau is accepting applications for members to serve on the task force. The Taskforce on Federal Consumer Financial Law will examine the existing legal and regulatory environment facing consumers and […]

LSCU plans YPG Think Tank Conference

Plans for the LSCU’s YP Think Tank are underway. This is a premiere conference for emerging leaders in the credit union industry on Nov. 16 from 9 a.m. to 5 p.m. ET at Community 1st Credit Union of Florida in Jacksonville, Fla. This free event is open to members of LSCU’s Young Professionals Group. In […]