Straight to The Point: December 17, 2018


star3 The survey for the 2018 New York Credit Union Impact Report—formerly known as the MORE Report—is now live on the New York Credit Union Association’s website. All New York credit unions are strongly encouraged to participate in the survey – The Point

star3 Two New York credit unions recently announced major initiatives to help individuals in poor and underserved communities: At a news conference earlier today, SEFCU announced that it will put forth more than $500,000 to fight hunger in upstate New York. Separately, First New York FCU recently donated thousands of toiletries to assist low-income consumers in the Capital Region – The Point

star3 Former CFPB Director, Mick Mulvaney, was named acting White House chief of staff for President Donald TrumpNew York Times

star3 Assembly Speaker Carl Heastie appointed Assemblywoman Crystal D. People-Stokes, D-Erie-Niagara, to serve as Assembly majority leader. People-Stokes replaces Joe Morelle, D-Rochester, who was elected to the U.S. HouseThe Buffalo News

star3 Credit unions faced some bruising threats in 2018, including a court decision that limited field of membership rules and a significant push to tax credit unions – CU Journal

star3 CUNA Mutual Group released its November Credit Union Trends Report, compiled with data from September. Notably, the report found credit union loan balances rose 0.7 percent in September, above the 0.6 percent pace set in September 2017 – The Point

star3 U.S. student loan debt outstanding reached a record $1.465 trillion last month, and one particular set of borrowers is having a hard time paying back their loans – Bloomberg

star3 The Federal Housing Finance Agency issued a proposal outlining how it will conduct its process for evaluating new credit scoring models for use by the government-sponsored enterprises – CUToday

star3 Size, sophistication and risk exposure are the three considerations to take into account when considering how long a credit union should retain its email – New York’s State of Mind

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