CUNA Press Archives

Gooden-Welch Bill prioritizes big box retailers over consumers

WASHINGTON, DC (September 27, 2022) — American Bankers Association, Bank Policy Institute, Consumer Bankers Association, Credit Union National Association, Electronic Payments Coalition, Independent Community Bankers of America, and National Association of Federally-Insured Credit Unions sent a letter today to House Speaker Nancy Pelosi and Minority ...

Credit Union Magazine names 25 Credit Union Rock Stars for 2022

WASHINGTON, DC (September 26, 2022) — The Credit Union Rock Stars program celebrates a decade, naming 25 credit union professionals and directors as recipients of this prestigious designation in 2022. Credit Union Rock Stars—selected from peer nominations submitted to the editorial team of Credit ...

CULAC unveils new site ahead of midterm elections

WASHINGTON, DC (September 26, 2022) — Credit Union Legislative Action Council (CULAC) launched a new, interactive election hub at cuna.org/elections ahead of the midterm elections on November 8, 2022. To date, CULAC and state leagues have supported 333 credit union candidates during the ...

CUNA opposes House interchange bill

WASHINGTON, DC (September 19, 2022) — Credit Union National Association (CUNA) is working with Leagues, credit unions and other industry trade groups to counter efforts to undermine the current interchange system. Reps. Peter Welch, D-Vt., and Lance Gooden, R-Texas, today introduced the House version of ...

Field of Membership modernization bill introduced in Senate

WASHINGTON, DC (September 19, 2022) — D-Calif., introduced the CUNA and League-led Expanding Financial Access for Underserved Communities Act. The bill—which represents the most significant modernization of the Federal Credit Union Act since 1998—passed the House in June as part of a larger ...

5 credit union champions win primaries Tuesday

WASHINGTON, DC (September 14, 2022) — Five credit union-friendly candidates won their primary races in Delaware, New Hampshire and Rhode Island Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 333 credit union proponents this cycle with a 96% success rate. CULAC ...

CUNA Research: Inflation posts slight increase

WASHINGTON, DC (September 13, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s August Consumer Index Report: “The headline inflation increased slightly by one-tenth of a percentage point in August after ...

CUNA, National Sheriffs’ Association Collaborate for I.G.N.I.T.E. Program

WASHINGTON, DC (September 12, 2022) — CUNA and the National Sheriffs’ Association (NSA) have entered into a strategic collaboration agreement in support of the NSA’s Inmate Growth Naturally and Intentionally Through Education (I.G.N.I.T.E.) program, which helps incarcerated people obtain ...

8 Credit Union-Backed Candidates Win Tuesday

WASHINGTON, DC (September 7, 2022) — Credit Union Legislative Action Council (CULAC) and the Cooperative Credit Union Association (CCUA) supported eight credit union-friendly candidates in their primaries Tuesday. CULAC and state leagues have backed 328 credit union proponents this cycle with a 96% success rate. ...

CUNA Research: Jobs Report Gives No Reason for Fed to Change Course

WASHINGTON, DC (September 2, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s August Employment Situation: “The U.S. economy added 315,000 jobs in August with gains across several industries. ...

CUNA Releases August Economic Update

WASHINGTON, DC (August 29, 2022) — In the August 2022 CUNA Economic Update, Chief Economist Mike Schenk discusses credit union development in the first half of the year and how that compares to banks. Highlights from the most recent update include: Unprecedented loan growth: Schenk ...

39 credit union-backed candidates collect wins Tuesday

WASHINGTON, DC (August 24, 2022) — On Tuesday, thirty-nine credit unions champions won their primary races in Florida and New York, as well as the special primary runoff election in Oklahoma. Credit Union Legislative Action Council (CULAC) and state leagues have backed 320 credit union ...

DoD report supports credit unions on military bases

WASHINGTON, DC (August 23, 2022) — Credit Union National Association applauded a new report from the Department of Defense (DoD) that undercuts for-profit banks’ rationale for seeking rent-free access on military bases. The 2022 National Defense Authorization Act (NDAA) required the DoD to report on ...

Registration open for 2023 CUNA Governmental Affairs Conference

WASHINGTON, DC (August 23, 2022) — Registration is now open for the Credit Union National Association (CUNA) Governmental Affairs Conference (GAC). The annual meeting will be held at the Walter E. Washington Convention Center in Washington, D.C., February 26 to March 2, 2023. “CUNA ...