Senate Banks Committee bill would allow CUs to participate in Linked Deposit Program

New York State Capitol Building, Albany

The state Senate Banks Committee on Thursday passed an important bill that would allow credit unions to participate in the Excelsior Linked Deposit Program. The legislation was introduced and sponsored by committee chairman Sen. James Sanders, D-Metropolitan, and is heading to the Senate floor for a vote.

Continue reading “Senate Banks Committee bill would allow CUs to participate in Linked Deposit Program”

Warren deletes credit union CRA provision in re-introduced housing bill

Sen. Elizabeth Warren
Sen. Elizabeth Warren, Bloomberg News

In a positive development for credit unions, Sen. Elizabeth Warren, D-Mass., dropped a requirement that credit unions face Community Reinvestment Act obligations from a revamped affordable housing bill introduced in Congress.

Continue reading “Warren deletes credit union CRA provision in re-introduced housing bill”

Vice President Mike Pence addresses CUNA GAC attendees

Image result for mike penceU.S. Vice President Mike Pence addressed attendees at the 2019 CUNA Governmental Affairs Conference earlier today. The vice president, whom CUNA President/CEO Jim Nussle described as “a friend to credit unions,” made his comments during the second day of the general session.

Continue reading “Vice President Mike Pence addresses CUNA GAC attendees”