News Topic: CUNA
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Week ahead: Stimulus payments and political donations
NCUA Chairman Todd Harper has reiterated his call for CUs not to garnish members' econimic impact payments, while the industry's largest PAC has resumed campaign contributions after a brief pause. ]] ... Read full article
Former FDA chief urges rethinking COVID risk metrics
Dr. Scott Gottlieb, a commissioner of the Food and Drug Administration under former President Donald Trump, said during CUNA's online Governmental Affairs Conference that now that many vulnerable populations have been vaccinated, the threat from the ... Read full article
New administration poses new challenges for credit union advocacy
The industry will have to contend with thin margins on either side of the aisle in Congress and new priorities from regulators, experts said in a panel discussion held as part of CUNA's online Governmental Affairs Conference. ... Read full article
Credit unions can't fulfill mission without embracing diversity
An industry founded to provide affordable financial services to those of modest means needs to do a much better job of recruiting Black, Latino and other minorities to the workforce and the member base. ... Read full article
COVID recovery top of mind as credit unions’ premier event kicks off
The pandemic is likely to dominate the discussion during CUNA’s online Governmental Affairs Conference, but perennial issues such as the industry’s tax exemption will also be spotlighted. ... Read full article
Week ahead: Pandemic pushes GAC online
The Credit Union National Association’s Governmental Affairs Conference, normally the industry's biggest annual event, will be held this week in a virtual setting, a change that would have seemed unthinkable one year ago. ... Read full article
Week ahead: CUNA disbands COVID recovery task force
The working group's final report is still forthcoming, but the trade association has already begun assembling a new team focused on the industry's digitization efforts in the wake of the pandemic. ... Read full article
CUNA's credit union awareness drive stuck in low gear
The onset of COVID-19 forced the industry’s largest trade group to put its Open Your Eyes campaign on hold, but nearly a full year later it’s still struggling for industry buy-in. ... Read full article
Credit unions argue pandemic bolsters case to ease membership rules
Industry groups say the coronavirus has highlighted additional risks faced by institutions without a diverse member base. ... Read full article
Why banking groups are congratulating Biden, even if Trump won’t
With many Americans and members of Congress questioning the results of the presidential election, financial services trade associations quickly vowed to work with the incoming administration. ... Read full article
More gridlock, new tax threats loom after election
As lawmakers look for ways to plug budget gaps, credit union groups are preparing for a possible assault on the industry's tax exemption at the state and federal level. ... Read full article
How much bang did CUNA get for its 3 million bucks on Election Day?
The trade group supported 11 incumbents running for re-election, including the embattled Maine Sen. Susan Collins, and may have helped Republicans maintain control of the Senate. ... Read full article
Week ahead: New initiatives from credit union trades, regulator
Industry groups have launched new programs that are expected to carry over into 2021, while others are raising new calls for Congress to tackle data security. ... Read full article
Credit unions' political donations lean left in advance of election 2020
The industry supports candidates on both sides of the aisle but has tilted towards Democrats during this cycle. Experts say that's partly a reflection of the current makeup of Congress. ... Read full article
CUNA unloads .creditunion domain
Ownership will transfer to DotCoop, which has committed to continuing to develop the domain for industry use. ... Read full article
Week ahead: Presidential debates and congressional battles
President Trump and former Vice President Biden meet face-to-face this week while Republicans and Democrats push conflicting priorities in Washington. ... Read full article
Week ahead: NCUA tackles appraisals as hopes dim for more COVID relief
It's unlikely that lawmakers will pass new coronavirus-related legislation before Congress leaves for its October recess. ... Read full article
Week ahead: Credit union balance sheets under stress, Congress returns
A new jobs report was better than expected, but recent NCUA data on credit union performance for the first half of 2020 shows how hard the industry has been hit by COVID-19. ... Read full article
Industry groups call on NCUA to refine virtual examination process
With on-site supervision off the table indefinitely, various credit union trade associations have suggested how NCUA could improve remote exams, including issues related to exam timelines and cybersecurity. ... Read full article
