Report shows home foreclosure numbers are on the decline

Homeowners may be holding on to their properties in greater numbers, according to recent figures. A September 2016 National Foreclosure Report from CoreLogic indicated the U.S. inventory of foreclosed homes is down by 31.1 percent, and completed foreclosures declined by 7 percent compared with September 2015. The report also found the number of completed foreclosures […]

A look at the election: How will credit unions be affected?

The 2016 campaign season has finally come to an end, and what a year it has been. Donald Trump is the now the 45th President of the United States, and Republicans maintain control of both houses of Congress.  Here are a few updates and projections relating to credit unions: The LSCU & Affiliates and CUNA […]

Nussle sends letter on NCUA’s proposed budget

While Washington is deeply mired in the elections process today, CUNA President /CEO Jim Nussle sent the NCUA a letter last week addressing concerns with NCUA’s proposed 2017-2018 budget, conveying important information to NCUA’s Board about developments at the Oct. 27 budget briefing. The letter provides a detailed economic analysis of the NCUA’s proposed budget, which questions […]

Nussle receives recognition as ‘Top Lobbyist’

CUNA President/CEO Jim Nussle is named top lobbyist for associations by The Hill. Nussle has appeared on The Hill’s annual list naming the top lobbyists in Washington D.C. for three consecutive years. The Hill’s list of top lobbyists is created based on conversations with aides, other lobbyists and members of Congress. The newspaper covers lobbying […]

NCUA chair responds to letter on how CUs serve members, businesses

According to League sources, two GOP members of Congress, Rep. Jeff Flake and Rep. Blaine Luetkemeyer, wrote a letter to the NCUA in mid-October about policies affecting how credit unions may serve certain members and businesses. This relates directly to the “Operation Choke Point” controversy that involved the United States Department of Justice and FDIC-insured […]

October report shows CUs hit record membership numbers in August

CUNA Mutual Group’s most recent report in October for August 2016 data showed positive trends in many areas for credit unions. During August, credit unions picked-up 526,000 in new memberships; loan balances grew at a 10.2 percent annualized pace; savings balances rose at a 6.8 percent annualized rate; and long-term interest rates fell 4 basis […]