Latest News & VACUL Headlines
- Phishing Attacks and Business Email Compromise On The Rise
March 8, 2022The 2021 cyber threat landscape was significantly more active across the board, including credit unions. In fact, 77% of organizations faced Business Email Compromise (BEC) attacks in 2021 according to a Proofpoint study (2022 State of the Phish) of more than 600 IT security professionals. BEC often includes payroll redirect, supplier invoicing fraud, and fraudulent wire instructions connected with credit union mortgage or lending departments.
- Originations Hit a Record $4.4 Trillion in 2021
March 8, 2022The mortgage industry originated a record $4.4 trillion last year, activity led by record purchase lending volume and a surging cash-out refinance appetite, Black Knight revealed.
- CUNA Releases Talent Strategy Guide for Small Credit Unions
March 8, 2022CUNA’s Small Credit Union Committee released the Small Credit Union Talent Strategy Guide to address the challenges and opportunities for talent acquisition. Created in partnership with CUNA Mutual Group (CMG), the strategy guide leverages small credit unions’ unique position in the marketplace to find, attract, and retain talent.
- Regulators Expect to Release CRA Revamp as Soon as This Month
March 8, 2022Regulators expect to release CRA revamp as soon as this month.
- Credit Unions Kick-Start 2022 with 4 Bank Deals in 11 Days
March 8, 2022Credit unions started 2022 off with a bang, scooping up four U.S. banks in less than two weeks.
- NCUA Hosts 2nd Call Report Changes Webinar Tomorrow
March 7, 2022NCUA will host a second presentation of its webinar on Call Report changes tomorrow, Tuesday, March 8, beginning at 2 p.m. Learn more
- Fed Releases Summary of Commentary on Current Economic Conditions
March 7, 2022Fed releases latest Beige Book publication, offering summary of commentary on current economic conditions. Learn more
- FTC Hosts Virtual Events to Celebrate National Consumer Protection Week 2022
March 7, 2022National Consumer Protection Week (NCPW) 2022 is this week, and the Federal Trade Commission invites you to join them for some of their virtual events. Learn more
- Credit Union House Celebrates 20th Anniversary, Elects New Board
March 7, 2022In celebration of its 20th Anniversary, the Credit Union House Board of Directors held a ceremonial ribbon cutting to kick off their Annual Meeting on February 27. Credit Union House holds its annual meeting in conjunction with the Credit Union National Association’s (CUNA) Governmental Affairs Conference (GAC) each year.
- Getting Real About Diversity, Equity and Inclusion
March 7, 2022The murder of George Floyd in 2020 led to tough conversations about diversity, equity, and inclusion (DEI) across society. A group of thought leaders discussed the credit union movement’s DEI efforts during a breakout session Monday at the 2022 CUNA Governmental Affairs Conference (GAC).