Credit Unions receive CDFI funding

The U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) awarded 303 Community Development Financial Institutions (CDFIs) $208.7 million in awards, with 55 credit unions among those receiving funds. In this group, five LSCU member credit unions received a total of $3,336,000 in grants. These were Community CU of Florida, Community South, Fairwinds, FSU […]

CU Journal recognizes FL and AL CUs as ‘Best CUs to work for’

Alabama Credit Union based in Tuscaloosa, AL, and Power Financial Credit Union, based in Pembroke, FL, recently earned accolades for being the best from an employment perspective. Credit Union Journal’s annual Best Credit Unions to Work For program is all about the human touch that is important to attract and retain the best talent. Credit […]

Beware of scammers contacting hurricane victims about mortgage forbearance

Scams abound and misinformation is being circulated about mortgage relief in the wake of Hurricane Irma. Recently, the LSCU became aware that some Florida credit unions were receiving calls in regards to a facetious “federal law” that requires mortgage lenders to offer a 90-day forbearance on mortgage payments. While many lenders do agree to work […]

House passes FSGG Appropriations Bill

Yesterday afternoon, the credit union movement scored a second critical win on the floor of the House of Representatives when the House passed H.R. 3354, the legislative vehicle for the Financial Services and General Government appropriations bill and the other seven remaining appropriations bills. The first win occurred the previous day with the adoption of […]

LSCU, CUNA respond to needs as CUs recover from Irma

Despite adverse circumstances, many credit unions are finding ways to serve their members using generators and partnerships. Many have limited staff available and are performing transactions off-line. In the spirit of “People Helping People,” many are offering low-interest disaster relief loans and waiving fees to provide immediate relief for their members during this time of […]

CU victory with adoption of Amodei-Aguilar Amendment

Yesterday, the House of Representatives adopted the bipartisan amendment by Reps. Mark Amodei (R-NV) and Pete Aguilar (D-CA), which will prevent the NCUA from being shifted to the appropriations process. “This is a huge victory for credit unions and their member-owners. We thank Reps. Amodie and Aguilar for their steadfast leadership in keeping NCUA out […]