CUNA Press Archives

5 credit union-backed candidates win Tuesday

WASHINGTON, DC (July 20, 2022) — Credit union champions defended their seats against primary challengers in congressional races throughout Maryland Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 222 credit union proponents this cycle with a 98% success rate. Credit Union ...

House passes NDAA with several CUNA-supported provisions

WASHINGTON, DC (July 15, 2022) — The House passed the FY23 National Defense Authorization Act with several CUNA-supported provisions in a 329-101 vote late Thursday. The bill includes the Secure and Fair Enforcement (SAFE) Banking Act, extends CARES Act Central Liquidity Facility (CLF) flexibility, and ...

CUNA Research: Inflation sets another record

WASHINGTON, DC (July 13, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s June Consumer Index Report: “Prices jumped to another record high in June, coming in at 9.1% year-over-year, ...

CUNA announces Donovan’s departure

WASHINGTON, DC (July 12, 2022) — Credit Union National Association (CUNA) announced today that EVP/Chief Advocacy Officer Ryan Donovan will be stepping down in September to join the Council of Federal Home Loan Banks as the President and Chief Executive Officer. “I have had ...

CUNA Research: June jobs report falls in line with expectations

WASHINGTON, DC (July 8, 2022) — Credit Union National Association (CUNA) Chief Economist Mike Schenk issued the following statement in response to the Labor Department’s June Employment Situation: “Nonfarm employment increased by 372,000 in June, in line with CUNA economists’ expectations. Overall additions ...

CUNA releases June Economic Update

WASHINGTON, DC (July 7, 2022) — In the June 2022 CUNA Economic Update, Senior Economist Ligia Vado discusses cryptocurrencies, its risks and trends, and the impact on financial institutions. Highlights from the most recent update include: Credit Union members twice as likely to use cryptocurrencies ...

27 credit union champions win races Tuesday

WASHINGTON, DC (June 29, 2022) — Credit union champions added 27 more wins in Colorado, Illinois, Mississippi, Nebraska, Oklahoma, and Utah Tuesday. Credit Union Legislative Action Council (CULAC) and state Leagues have backed 213 credit union competitors this cycle with a 98% success rate. CULAC ...

CUNA Board and CFPB’s Chopra talk credit union priorities

WASHINGTON, DC (June 22, 2022) — The Credit Union National Association (CUNA) board of directors hosted Consumer Financial Protection Bureau (CFPB) Director Rohit Chopra Wednesday to discuss credit union priorities and how the Bureau can support credit unions in their mission to promote financial well-being ...

11 credit union-backed candidates win races Tuesday

WASHINGTON, DC (June 22, 2022) — Eleven credit union-friendly candidates won primary races in Virginia and primary runoff elections in Alabama and Georgia Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 187 credit union proponents this cycle with a 98% success ...

House Passes landmark credit union field of membership bill

WASHINGTON, DC (June 15, 2022) — The House passed the CUNA-League-led Expanding Financial Access for Underserved Communities Act Wednesday as part of a large  financial services bill (H.R. 2543). CUNA, Leagues, credit unions, and system partners strongly support the policy change, and engaged House ...

15 credit union champions victorious in primaries

WASHINGTON, DC (June 15, 2022) — Credit union champions claimed 15 primary race victories in Maine, Nevada, South Carolina, and North Dakota. Credit Union Legislative Action Council (CULAC) and state leagues have backed 180 credit union-friendly candidates this cycle with a 98% success rate. In ...

CUNA Research: Housing, energy, and food prices led May price increases

WASHINGTON, DC (June 10, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s May Consumer Index Report: “Consumer prices remained elevated in May in line with consensus expectations. Price increases were ...

CUNA’s Nussle issues statement on Harper NCUA confirmation

WASHINGTON, DC (June 9, 2022) — The Senate confirmed Todd Harper chairman of the National Credit Union Administration (NCUA) Wednesday. Jim Nussle, President/CEO of the Credit Union National Association (CUNA) issued the following statement following the vote: “Congratulations to Chairman Harper on his re-confirmation ...

66 credit union-backed candidates win primaries

WASHINGTON, DC (June 8, 2022) — Credit unions earned 66 wins in primary races across California, Iowa, Mississippi, New Jersey, New Mexico, and South Dakota Tuesday. The Credit Union Legislative Action Council (CULAC) and state credit union leagues have backed 156 victorious credit union-friendly candidates ...

CUNA launches targeted support campaign for Rep. Davis

WASHINGTON, DC (June 6, 2022) — CUNA, in conjunction with the Illinois Credit Union League, launched a targeted member communications campaign supporting Rodney Davis, R-Ill., for Congress. Davis, a longtime credit union champion running for a sixth term in the U.S. House of Representatives, ...