Latest News & VACUL Headlines
- FFIEC's Recently Announced CRA Website Updates
August 29, 2022The FFIEC released an updated flat file recently and the 2022 FFIEC Median Family Income Report as the second part of the FFIEC 2022 Census products release. The flat file covers the demographic information from the Redistricting Data release. The FFIEC Census flat files are a convenient method of accessing and analyzing the FFIEC census data that are used to create the HMDA and CRA Aggregate and Disclosure Reports.
- New Data Show Americans Trillions of Dollars Behind in Retirement Planning
August 29, 2022Credit unions have a big challenge in front of them when it comes to helping members plan for their retirements, as most are drastically unprepared to stop working, new research shows.
- As General Elections Get Closer, CUNA Launches New Phase of Credit Unions Vote
August 29, 2022CUNA has launched the general election phase of its Credit Unions Vote Member Activation Program (MAP) campaign. According to the trade association, the campaign calls on credit unions to encourage members to participate in the upcoming elections and visit CreditUnionsVote.com.
- Car Loan or Rent? As Car Prices Hit New Highs, So Do Auto Loan Payments
August 29, 2022With the cost of the average new vehicle loan hitting a record-high of $40,290 during Q2, the average monthly payment for a new vehicle loan rose to $667 in the second quarter, up nearly 15% from a year earlier, according to new data from Experian.
- Some Student Loan Forgiveness Will Benefit Mortgages
August 29, 2022Student loan forgiveness for more than 40 million people announced this week could help improve mortgage eligibility and performance for a subset of them.
- CFPB Compliance Guides, Videos and Resources Available
August 26, 2022Credit unions can get access here to the Consumer Financial Protection Bureau’s (CFPB) Compliance guides, videos, and other resources to help entities understand, implement, and comply with Bureau rules and the statutes it implements.
- System Urges NEV Test Change
August 26, 2022CUNA sent a letter to the National Credit Union Administration (NCUA) Board Wednesday sharing concerns credit unions and Leagues have raised regarding the Net Economic Value (NEV) Supervisory Test.
- Rate Increases Creating a ‘Liquidity Premium,’ New Fed Bank of St. Louis Research Finds
August 26, 2022As it is becoming more costly for people to hold not only cash but also bank deposits, new liquidity pressures are being felt by both financial institutions and depositors, creating a “liquidity premium,” according to new research by the St. Louis Federal Reserve Bank.
- CUs Need to Pay Attention To Convenience Fees
August 26, 2022Credit unions that have instituted “convenience fees” as a means of generating additional revenues could find themselves on the receiving end of a lawsuit or in the crosshairs of the CFPB, one legal and compliance expert is warning.
- CUs, League Highlight Legislative Priorities in Meetings With Reps. McEachin, Scott and Wexton
August 26, 2022In a busy day of advocacy, your League on Thursday met virtually and in-person with three members of our Congressional delegation. During each, we outlined four key legislative priorities for credit unions ...