Latest News & VACUL Headlines
- How Credit Unions Can Use Data to Reach the Underserved
November 14, 2022Credit unions competing for market share in underserved communities against large banks and challenger financial institutions need to harness deeper data sets to better understand the needs of potential members.
- With Banking Regulators on the Sidelines, Congress Eyes Crypto Legislation after FTX Implosion
November 14, 2022The stunning fall from grace of crypto firm FTX is prompting policymakers across Washington to consider how regulation of the broader cryptocurrency world could affect the financial system, including the safety and soundness of banks.
- Treasury Yield Curve Points to Recession with End of Fed Hikes Uncertain
November 14, 2022The cries of recession from the U.S. government bond market are getting louder. Shorter-term Treasury yields have skyrocketed more rapidly than longer-dated yields as the Federal Reserve has hiked rates at the most aggressive pace in decades in its push against soaring inflation. That has caused key portions of the yield curve to invert to levels not seen since the early 1980s, while the market's top recession indicator has fallen to depths not seen since the early days of the pandemic.
- Scams Can Cost Seniors $42K on Average: How Advisors Seek To Curb the Issue
November 14, 2022As new fraud trends emerge and scammers continue to prey on vulnerable seniors and their investments, regulators are coming together to discuss preventative strategies — and are calling upon financial advisors to do more to fight the exploitation of older at-risk Americans.
- CUNA Releases Post-Election Analysis, Resources
November 14, 2022CUNA’s election site, CUNA.org/elections, has been newly updated with CUNA’s post-election analysis, including a list of current results, and ads in support of candidates.
- Have Job Descriptions Become Even More Important?
November 14, 2022Written job descriptions are an important component of the employment practice function that may be sometimes overlooked. Although there aren’t any federal or state laws requiring the use of written job descriptions, when used, they can lay a solid framework for understanding what their job duties will be, including how, when, and where you expect them to be accomplished.
- NCUA’s Hood Outlines Areas Where Fintechs, CUs Can Partner to Build Inclusion, Improve Bottom Line
November 14, 2022NCUA Board Member Rodney Hood outlined for credit unions here where he sees opportunities for CUs and fintechs to partner to build and improve financial inclusion.
- Federal Reserve Board Announces 2023 Pricing
November 11, 2022The Federal Reserve Board on Thursday announced pricing, effective January 3, 2023, for payment services the Federal Reserve Banks provide to depository institutions, such as the clearing of checks, ACH transactions, and wholesale payment and settlement services.
- Congress Should Act to Help Communities Before End of Year
November 10, 2022The 117th Congress can take several actions in its final weeks to improve consumers’ financial well-being, CUNA Deputy Chief Advocacy Officer Jason Stverak wrote to all members of Congress Wednesday. “Credit unions support several common-sense, bipartisan priorities that would benefit communities still reeling from the pandemic and its economic effects,” Stverak wrote.
- 2023 Credit Union Hero Award Nominations Now Being Accepted
November 10, 2022Credit Union Magazine is seeking nominations for the 2023 Credit Union Hero Award. The 2023 Credit Union Hero of the Year will be selected via an online poll by magazine readers.