NCUA Announces Distribution of $865 Million to Members of Failed Corporate Credit Unions

The $865.5 million will be distributed to the capital account holders of the former Members United, Southwest Corporate, and U.S. Central Corporate credit Unions.

U.S. Supreme Court Issues Important Decision Invalidating FHFA

In so doing, the Court reiterated a precedent set when they determined that the structure of the CFPB was unconstitutional.

NCUA June Board Meeting Preview with Unified Agenda

The NCUA released their June 24, 2021 board meeting agenda.

US Capital

House Passed Multiple Bipartisan Financial Services Bills This Week

A total of 6 bills passed the chamber with bipartisan support, and they now must navigate the Senate.

House to Likely to Vote Next Week on SAFE Banking Act

It is likely that the House of Representative will bring the SAFE Banking Act (H.R. 1996) to floor for a vote next Wednesday, April 21.

The Biden Administration Preps Executive Order on Climate & Finance

This has been a focus of key Northwest congressional delegation members like Chairman Wyden (D – OR) and Senator Merkley (D – OR) for many years.

US Capital

Key Hearings on Credit Union Priorities in Congress This Week

This week there we a number of key hearings in both the Senate Banking Committee and the House Financial Services Committee.

Northwest Leadership on the Joint Committee on Taxation

The 117th Committee on Taxation has been set with 3 key Northwest delegation members.

Prospects for the SAFE Banking Act

The SAFE Banking Act has been formally introduced in the House (H.R. 1996) and Senate (S. 910), both are bipartisan and well positioned.

Picture of money jar

Governmental Affairs Committee Co-Chairs Advocate for Capital Relief

The Co-Chairs from our three state Governmental Affairs Committees penned a letter to the CUNA Advocacy Committee this week.

SCOTUS Decision on TCPA Case is a Legal Advocacy Win for Credit Unions

The NWCUA and other credit union system partners have long advocated that the definition be narrowed, and on behalf of the system, CUNA filed an amicus brief in the case.

Congress

Senate Passes PPP Extension to May 31st

A big win for the credit unions offering the Paycheck Protection Program.

House Considers Extension to the PPP and Senate Confirms New Leader for SBA

Today the House took action on H.R. 1799 and it will likely pass the chamber soon with bipartisan support.