Latest News & VACUL Headlines
- Trends, Challenges in Protecting CUs From Cyber Attacks in 2022 and Beyond
October 28, 2022With financial risks that are large and real, credit unions face numerous challenges when developing their cybersecurity plans. The bad guys must only be right once, while a credit union must be right every time.
- CUNA Hosting Post-Election Analysis Webinar Nov. 10
October 28, 2022CUNA is hosting a post-election webinar for CUNA members on Nov. 10, starting at 2 p.m. We’ll examine what the results mean for our advocacy agenda in the next Congress.
- Hear What Janet Yellen Thinks of the US Economy Right Now
October 28, 2022Treasury Secretary Janet Yellen said in an exclusive interview with CNN said she did not see signs of a recession in the near term as the US economy rebounded from six months of contraction.
- Mortgage Delinquencies May Surge as Budgets Stretch
October 28, 2022While mortgage rates surged in the summer, the serious mortgage delinquency rates returned to pre-pandemic levels in August. Inflation, however, could be a big hit to delinquency rates, and may increase the overall delinquencies in coming months as household budgets tighten.
- Credit-Card Debt Returns to Levels Before Covid-19 Pandemic
October 28, 2022Credit-card debt recently reached a new milestone: It returned to where it was before the pandemic. Total card balances in the U.S. hit $916 billion in September, nearly identical to December 2019 levels, according to the credit-reporting firm Equifax Inc. Balances are up 9% from January and about 23% higher than their pandemic low in April 2021.
- CUNA Mutual Group to Host Webinar on Employment Practice Trends Nov. 16
October 28, 2022With changes in today's workplace, employers must exercise caution with staffing and HR practices. Credit union executives, human resource professionals, and managers must appropriately address the employer risks, rights & obligations. Note: To attend this webinar, your credit union must be a CUMIS Bond Policyholder.
- Credit Union Day at the General Assembly Jan. 19: Register Today!
October 28, 2022Credit Unions: Join us in Richmond on Jan. 19 for Credit Union Day at the Virginia General Assembly!
- Percentage of Unbanked Households Hits New Low in Survey
October 27, 2022The percentage of U.S. households who do not have a bank or credit union account declined 0.9 percentage points to 4.5%, or approximately 5.9 million from 2019 to 2021, according to the biennial National Survey of Unbanked and Underbanked Households by the FDIC.
- CU Leaders ‘Modestly’ More Optimistic on Future, New NAFCU Survey Finds
October 27, 2022Credit union leaders’ outlook on the future of the economy and their credit union improved “modestly” in September, NAFCU reported.
- CFPB Issues Guidance Around 2 ‘Junk Fees,’ Including ‘Surprise’ Overdraft Fees & Depositor Fees
October 27, 2022The Consumer Financial Protection Bureau (CFPB) has issued guidance about two junk fee practices it said “are likely unfair and unlawful under existing law.”