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House Passes Bipartisan JOBS and Investor Confidence Act
Wednesday, July 18, 2018 7:00 AM

In a near unanimous vote of 406–4, the House passed the bipartisan “JOBS and Investor Confidence Act of 2018” yesterday. The bill, which comprises 32 individual pieces of legislation that have passed the Financial Services Committee or the House this Congress with broad bipartisan support, was the third and largest installment of “Jumpstart Our Business Startups (JOBS) Act” legislation aimed at helping small businesses, entrepreneurs, and investors by reforming our capital markets.

$736M Share Insurance Distribution Payments to Occur Week of July 23
Wednesday, July 18, 2018 6:55 AM

Next week, the National Credit Union Administration will pay dividends for more than 5,700 institutions eligible for the $735.7 million Share Insurance distribution, the agency announced yesterday.

Joint Letter Urges House Leaders to Prohibit Postal Service Banking
Wednesday, July 18, 2018 6:50 AM

In a joint letter sent Monday to House Speaker Paul Ryan and Democratic Leader Nancy Pelosi, Credit Union National Association urged adoption of Rep. Patrick McHenry's (R-N.C.) amendment to the Financial Services and General Government (FSGG) appropriations bill, which would prohibit the U.S. Postal Service from providing banking services.   

Momentum Slows in Consumer Housing Confidence
Wednesday, July 18, 2018 6:45 AM

The Fannie Mae Home Purchase Sentiment Index fell 1.6 points in June to 90.7 after reaching new survey highs in April and May. The decline can be attributed to decreases in four of the six HPSI components.

Small CUs! Get Essential CECL Training with Cornerstone
Wednesday, July 18, 2018 6:40 AM

Don’t be caught off-guard! The new, required changes for CECL implementation will demand more from you than a few simple tweaks and a few months' prep time. Join Cornerstone for "CECL Training for Small CUs." 

You Can Change a Child's Life with Your Spare Coins
Tuesday, July 17, 2018 7:00 AM

Did you know... One child’s cancer treatment costs $75,000 on average. An MRI of the brain and brainstem to find tumors and other abnormalities costs $17,000. Just one week’s worth of critically needed blood supply, if purchased from a community blood bank, costs over $50,000. These costs are astronomical for most families, yet going without these services can be the difference between life and death. These families need our help.

Bite of Reality App Grants Now Available from Foundation
Tuesday, July 17, 2018 6:55 AM

Credit union organizations can now apply for a Bite of Reality App Grant from the National Credit Union Foundation through Aug. 31, 2018. The Foundation is looking to distribute up to $50,000 in grant funds to credit union organizations as part of this effort.

CUNA Mutual AdvantEdge Analytics Launches New Industry Data Platform Integrated with Microsoft’s Common Data Model
Tuesday, July 17, 2018 6:50 AM

CUNA Mutual AdvantEdge Analytics announced today it has launched its new data platform for the credit union industry, which leverages Microsoft’s technology. This collaboration between Microsoft and AdvantEdge Analytics, announced in March, debuts one of the first industry-specific Common Data Model extensions designed for credit unions. The announcement is in conjunction with Microsoft Inspire 2018.

Join Cornerstone for Small CU Workshops in August
Tuesday, July 17, 2018 6:45 AM

The Cornerstone Credit Union League provides training workshops for small credit unions each year, sponsored by Cornerstone Credit Union Foundation and Credit Union Resources. The featured topics this year are collections, small credit union compliance, and hot topics.

Texas CU Commission Approves Recommendations at July 13 Meeting
Monday, July 16, 2018 7:00 AM

During its meeting of July 13, the Texas Credit Union Commission welcomed new member Elizabeth “Liz” Bayless who was appointed by Gov. Greg Abbott for a term set to expire on Feb. 15, 2019. She was the executive vice president of the Texas State Affordable Housing Corporation and has extensive experience in the financial industry. 

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