CUNA Press Archives

14 credit union-friendly candidates win races Tuesday

WASHINGTON, DC (August 10, 2022) — Fourteen credit union-friendly candidates added 14 wins in Connecticut, Minnesota, Vermont and Wisconsin Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 274 credit union proponents this cycle with a 97% success rate. In Vermont, Democrat ...

CUNA Research: Inflation holds steady in July

WASHINGTON, DC (August 10, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s July Consumer Index Report: “The overall monthly price change remained flat in July as falling gas prices offset ...

Ginnie Mae recognizes credit unions as regulated depositories

WASHINGTON, DC (August 5, 2022) — The Government National Mortgage Association (Ginnie Mae or GNMA) issued an amendment to its mortgage-backed securities guide, removing credit unions’ categorization as non-bank mortgage lenders and recognizing them as insured depositories regulated by a prudential regulator. CUNA has engaged ...

CUNA Research: July jobs double in expectation

WASHINGTON, DC (August 5, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s July Employment Situation: “The US economy added 528,000 jobs in July, double the size of expected amount, ...

Statement from CUNA’s Nussle on the passing of Rep. Jackie Walorski

WASHINGTON, DC (August 3, 2022) — CUNA President/CEO Jim Nussle issued the following statement in response to the passing of Rep. Jacqueline Walorski, R-Indiana, and two of her staff members. “Rep. Walorski was a champion for the credit union difference since her time in ...

31 credit union champions prevail in early August primaries

WASHINGTON, DC (August 3, 2022) — Thirty-one credit union-friendly candidates won their primary races in Arizona, Kansas, Michigan, Missouri, and Washington Tuesday. Credit Union Legislative Action Council (CULAC) and state leagues have backed 255 credit union champions with a 97% success rate this election cycle. ...

CUNA releases July Economic Update

WASHINGTON, DC (August 1, 2022) — In the July 2022 CUNA Economic Update, Senior Economist Dawit Kebede, PhD, comments on the Federal Reserve’s Open Market Committee meeting and the chances of a recession. Highlights from the July update include: Housing investment and car sales: ...

CUNA Opposes Senate Interchange Bill

WASHINGTON, DC (July 29, 2022) — Credit Union National Association (CUNA) adamantly opposes the Credit Card Competition Act, which poses a serious threat to sensitive financial data for millions of consumers by allowing the nation’s largest retailers to bypass established secure payment networks. CUNA ...

CUNA Research: GDP Decline Doesn’t Signal a Recession

WASHINGTON, DC (July 28, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement after the U.S. Commerce Department released its second-quarter gross domestic product (GDP) report: “Real Gross Domestic Product (GDP) decreased by 0.9% for a ...

House Passes Remote Online Notary Legislation, CDFI Improvement Bills

WASHINGTON, DC (July 28, 2022) — The House passed CUNA and League-backed remote online notary and Community Development Financial Institutions (CDFI) Fund improvements Wednesday evening. “We owe a big thank you to the House for passing these two bipartisan bills that will increase access to ...

CUNA Research: Fed Raises Rates in Line with Expectations

WASHINGTON, DC (July 27, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement following the Federal Reserve meeting today: “The Federal Reserve Open Market Committee (FOMC) increased the federal funds rate by 75 basis points, in line with ...

House Committee Passes Credit Union Board Modernization Act

WASHINGTON, DC (July 27, 2022) — The House Financial Services Committee advanced the CUNA and League-led Credit Union Board Modernization Act (H.R. 6889) Wednesday. Reps. Juan Vargas, D-Calif., and Anthony Gonzalez, R-Ohio, introduced the bill during the 2022 CUNA Governmental Affairs Conference in March. “...

Theme announced for 2022 International Credit Union Day

WASHINGTON, DC (July 27, 2022) — This year’s theme for International Credit Union (ICU) Day is “Empower Your Financial Future with a Credit Union™,” which will take place on Thursday, October 22. International Credit Union Day festivities include community fundraisers, contests, picnics, and parades. ...

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 ...