CUNA helps sponsor cybersecurity events with federal law enforcement agencies

Credit unions and other financial institutions are invited to register for a National Cybersecurity Symposium: Building Law Enforcement and Financial Services Sector Partnerships at 37 field locations across the country on Oct. 21 or 22; depending on location. CUNA is working closely with the Financial Services Sector Coordinating Council to offer a series of open […]

Alabama legislative update

The Alabama House of Representatives has wasted little time during this second special session. Thursday five revenue bills were passed, totaling around $107 million, for the General Fund Budget. These bills are part of a plan to add close to $180 million to the budget and keep state government open for the next fiscal year. […]

Senators introduce MBL Bill

Senators Rand Paul (R-Ky.), Sheldon Whitehouse (D-R.I.), and Jack Reed (D-R.I.) introduced legislation Thursday that would raise the member business lending cap. The bill, which is similar to legislation introduced by former Sen. Mark Udall (D-Colo.), would increase the MBL cap to 27.5 percent of assets from the current cap of 12.25 percent. Representatives Ed […]

Court to consider class action request of Target FI plaintiffs

The U.S. District Court District of Minnesota is scheduled to consider today whether to grant class-action status to financial institution plaintiffs with lawsuits against Target related to its massive data breach during the winter holiday shopping season in 2013. If the court certifies the class, it would allow financial institutions to join their claims against […]

LSCU Image Campaign kicks off on Monday

The 2015 Cooperative Image Campaign for Alabama and Florida credit unions will launch Sept. 14 across 14 media markets between the two states. The fourth wave of the campaign once again utilizes TV, radio, digital, social media, and billboards, depending on the money raised in each media market. For 2015, three new “shareable content” ads […]

Tallahassee media highlights need for MBLs

Consumers in the Tallahassee area read about the struggle that credit unions often have when making member business loans (MBL). The Tallahassee Democrat ran a story on Monday that showed how the arbitrary 12.25 percent MBL cap for credit unions and NCUA regulations are stifling lending to small businesses. The story highlighted a local small […]