Gift card program helps Kentucky flood victims
Severe flooding has impacted eastern Kentucky since late July. The damage hit home for the Kentucky Credit Union League (KCUL), as credit union members and communities were impacted directly by ...
The latest from John Pettit
5 spending predictions for this fall
As the summer winds down, the state of the economy weighs on the minds of many. But the news is not all bad as some measures of economic health have ...
Unconscious bias and conscious inclusion at work
According to research and consulting firm Gartner, teams with high diversity and inclusion show better adaptability, work satisfaction, creativity and loyalty to their company. Diversity is incredibly important to increasing ...
CDFI Small Dollar Loan applications far exceed available funding
CDFIs have submitted applications requesting $32.1 million from the CDFI Small Dollar Loan Program—almost three times the amount of funding available, the Treasury Department announced Friday. Up to $...
Board of directors and reasonable health insurance
NCUA is somewhat ambiguous of what it considers reasonable health insurance and has addressed this issue on a case-by-case basis. Along the way, NCUA has issued several NCUA Legal Opinion ...
NCUA announces $395M distribution from Corporate System Resolution Program
NCUA, in its role as liquidating agent, announced a $313 million distribution to more than 400 membership and paid in capital shareholders of the former Members United, Constitution, and U....
Powell reiterates vow to fight inflation during annual symposium
Last week, the Federal Reserve Bank of Kansas City hosted its 2022 Economic Policy Symposium, “Reassessing Constraints on the Economy and Policy,” in Jackson Hole, Wyo. Federal Reserve Chairman Jerome ...
What does NCUA’s guidance on distributed ledger technology mean for credit unions?
In May, the National Credit Union Administration issued a letter clarifying expectations regarding the adoption of emerging financial technologies—specifically, the use of distributed ledger technology. “The rapid emergence of ...