Latest News & VACUL Headlines
- Women Credit Union CEOs Debut Mentorship Program
May 11, 2022A credit union advocacy group formed by women leaders is launching a training program to make sure its members are able to grow their organizations and avoid the need for consolidation.
- ABNB Hires Elaine Cuevas as Director of Training
May 10, 2022ABNB Federal Credit Union welcomes Elaine Cuevas as its new Director of Training. She will report to Lisa Church, Vice President of Service and Solutions.
- Credit Unions Foster Financial Well-Being in Members, Survey Shows
May 10, 2022Credit unions’ unique characteristics produce significant pro-consumer benefits, according to CUNA’s 2022 National Voters Poll. Conducted in January, the poll shows credit union characteristics unambiguously translate to greater financial resilience and higher levels of financial well-being for credit union members.
- New Report Finds Half of All Credit Union Industry Assets at Risk from Climate Change
May 10, 2022Ceres and the Filene Research Institute have released a new report that finds thousands of U.S credit unions have significant unaddressed risk arising from the climate crisis. This first-of-its-kind analysis provides insights on how credit unions can respond to the climate crisis, mitigate their risks, and become part of a system-wide solution.
- As the Secondary Market Rethinks Risks, So Too Must Lenders
May 10, 2022From the start, the Biden-era Federal Housing Finance Agency has been focused on its public mission, but now that the pandemic has receded it’s additionally assessing the government-sponsored enterprises’ risks in line with an exit from conservatorship.
- CFPB Issues Advisory Opinion on Fair-Lending Laws
May 10, 2022The Consumer Financial Protection Bureau on Monday issued an advisory opinion affirming that the federal prohibition against discrimination in lending applies to all aspects of a credit decision — not just the application process.
- Evacuation Plans: A Safe Alternative
May 10, 2022If local officials suddenly issued an evacuation order for your area, would you be ready? Having detailed evacuation plans for all your branch locations can allow for staff, members, and other visitors to exit in the most efficient and safest manner.
- ATM Shimming, Fallback Transactions Back On The Rise
May 10, 2022ATMs are once again an easy target for fraudsters to capture card data – and, again, it is through shimming/skimming devices found on credit union-owned ATMs. Since the implementation of EMV/Chip cards, these devices have occasionally gone undetected leading to a large number of cards being compromised.
- Loan, Deposit Growth Slows YOY for US Community Banks in Q1
May 10, 2022Loan and deposit growth slowed year over year for U.S. community banks in the first quarter, a period in which seasonality typically affects loan demand and which this year was marked with uncertainties posed by rising interest rates and soaring inflation.
- CFPB Takes Action Against Bank of America
May 10, 2022On May 4, 2022, the Consumer Financial Protection Bureau (CFPB) announced a $10 million civil penalty and the filing of a consent order against Bank of America, N.A. (BoA) for actions taken in respect to out of state garnishments.