Alignable, Inc. conducted a survey with over 2,500 small businesses in March, which revealed a trend of small businesses moving their accounts to credit unions. Among respondents who transitioned to credit unions in the wake of the Silicon Valley Bank and Signature Bank collapses, they cited more trust in and better service at their credit unions, among other things, as their reasoning.
House Small Business Committee Chairman Roger Williams, R-Texas, along with Reps. Andy Barr, R-Ky., and Andy Ogles, R-Tenn., introduced a Congressional Review Act (CRA) resolution in opposition to the CFPB’s recently finalized section 1071 rulemaking related to small business lending data collection. If passed by Congress and signed by the president, the CFPB would be forced to halt implementation and redo the rulemaking.
NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.
Get the recognition you, your colleagues and your credit union deserve for excellence and achievement. Entering is free and easy; nominations are open through May 12, 2023. Categories include:
NAFCU sent members a Final Regulation Summary Thursday detailing a Department of Housing and Urban Development (HUD) final rule reinstating the 2013 version of its disparate impact standard under the Fair Housing Act.
If you’re considering this option for your credit union, then you need to know what it takes to merge properly. Written by former NAFCU chair and current CEO of Webster First Federal Credit Union Mike Lussier, the Credit Union Merger & Acquisition Handbook provides you with a step-by-step guide on how to successfully complete a merger from start to finish.
