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...
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...
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...
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...
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...
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...
With temperatures expected to rise to 90 degrees, Floridians already suffering the disastrous effects of Irma will have heat to contend with if they are among the millions who have lost power. Florida Power and Light expects electrical service to be...
In response to Hurricane Harvey, CUNA and the Cornerstone Credit Union League are launching an online community through which credit unions and system friends can connect and help each other when natural disasters strike. As Florida recovers from...
As Hurricane Irma departs Florida and moves into Alabama and Georgia as a tropical storm, almost 6 million are without power in Florida, according to a report from Southern Company. It is expected to take weeks to restore power to South Florida...
Credit bureau Equifax, Inc., announced yesterday a cybersecurity incident potentially impacting approximately 143 million U.S. consumers. Criminals exploited a U.S. website application vulnerability to gain access to certain files. Based on the...