Latest News & VACUL Headlines
- 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.
- Zelle Scams Incorporate Utility Bill Payments
November 10, 2022Fraudsters continue to evolve scams associated with Zelle by introducing urgency to pay supposed delinquent utility bills to avoid service being discontinued. Numerous reports of scammers calling or texting individuals claiming to be from their utility company and stating they did not receive payment for their utility bill and their service will be turned off. However, if they “Zelle” funds to the company immediately, their services will continue.
- Fed Invites Public Comment on Proposal to Publish List of Depository Institutions with Access to Master Accounts
November 10, 2022The Federal Reserve Board on Friday invited public comment on a proposal to publish a periodic list of depository institutions that have access to Federal Reserve accounts—often referred to as "master accounts"—and payment services.
- Financial Action Task Force Identifies Jurisdictions with Anti-Money Laundering and Combating the Financing of Terrorism and Counter-Proliferation Deficiencies
November 10, 2022The Financial Crimes Enforcement Network (FinCEN) Oct. 31, 2022, informed U.S. financial institutions that the Financial Action Task Force (FATF), an intergovernmental body that establishes international standards for anti-money laundering, countering the financing of terrorism, and countering the financing of proliferation of weapons of mass destruction (AML/CFT/CPF), has issued public statements updating its lists of jurisdictions with strategic AML/CFT/CPF deficiencies following its plenary meeting this month.
- Ongoing Rate Increases Have Not Only Not Slowed Member Borrowing (Yet), Pace Has Picked Up
November 10, 2022Not only have ongoing rate increases by the Federal Reserve not slowed down member borrowing, it actually picked up pace through September, according to CUNA’s latest Monthly Credit Union Estimates. But the slowdown is coming, said one economist.