News Archives

PPP review, small business hearings in Congress this week

PPP review, small business hearings in Congress this week

The House and Senate are in Washington, D.C. this week. The House will consider arbitration and civil rights legislation, while the Senate will resume consideration of Shalanda Young to be Director of the Office [...]

Analyzing credit unions’ 2021 SEG additions

Analyzing credit unions’ 2021 SEG additions

What is a SEG? Select Employee Groups, or SEGs, are groups that share any common bond of association or occupation. Common types of SEGs include: employees of a company, contractors who commonly work for the [...]

CFPB to begin project focusing on rural banking deserts

CFPB to begin project focusing on rural banking deserts

The Consumer Financial Protection Bureau last week announced a new initiative that will focus on financial issues facing rural areas. “Rural people are deeply committed to the places they live but face real challenges in [...]

Vacancies after the nominating process closes

Vacancies after the nominating process closes

The bylaws are generally clear on what to do in the event of a board of director vacancy before the annual meeting occurs. Under the current model bylaws and the Federal Credit Union Act, the [...]