America’s Credit Unions Press Archives

CUNA’s Nussle responds to Speaker Pelosi’s announcement

WASHINGTON, DC (November 18, 2022) — CUNA President/CEO Jim Nussle issued the following statement upon Speaker of the House Nancy Pelosi, D-Calif., announcing she will not seek a leadership position in the next Congress. “We thank Speaker Pelosi for her steadfast support throughout her ...

Michigan Credit Unions win two national, 18 state CUNA awards

WASHINGTON, DC (November 15, 2022) — CUNA National Awards Committee announced the 2022 recipients of the Dora Maxwell Social Responsibility Community Service Award, Louise Herring Philosophy-in-Action Member Service Award, and Desjardins Awards for Financial Education. State leagues across the nation select winners in various asset ...

CUNA’s Jason Stverak named NILE Top Lobbyist

WASHINGTON, DC (November 15, 2022) — The National Institute for Lobbying and Ethics (NILE) recognized CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak as one of the top lobbyists of 2022. NILE is the professional association for those in the lobbying and ...

CUNA names 2022 Maxwell, Herring, Desjardins national award winners

WASHINGTON, DC (November 14, 2022) — Credit Union National Association’s (CUNA) National Awards Committee announced the 2022 recipients of the Dora Maxwell Social Responsibility Community Service Award, Louise Herring Philosophy-in-Action Member Service Award, and Desjardins Awards for Financial Education. State Leagues across the nation ...

CUNA Economics: ‘Fed meeting may signal smaller future rate hikes’

WASHINGTON, DC (November 3, 2022) — “The Federal Reserve raised the benchmark interest rate by 75 basis points for a fourth consecutive time, increasing the target range to 3.75 - 4 percent. The Federal Open Market Committee's (FOMC) press release reiterated its commitment to ...

CUNA Economics: GDP, Economic growth unlikely to continue

WASHINGTON, DC (October 27, 2022) — Credit Union National Association (CUNA) Chief Economist Mike Schenk, issued the following statement after the U.S. Commerce Department released its third-quarter gross domestic product (GDP) report: “U.S. economic growth bounced back from two consecutive quarters of decline ...

CUNA Strategic Services announces Equifax as new Alliance Provider

WASHINGTON, DC (October 25, 2022) — Today, CUNA Strategic Services (CSS) announced Equifax, a global data, analytics and technology company, as an alliance provider. As the first Nationwide Credit Reporting Agency (NCRA) to join the CSS roster of providers, Equifax offers credit unions innovative solutions ...

CUNA’s Nussle responds to CFPB funding mechanism ruled unconstitutional

WASHINGTON, DC (October 20, 2022) — The 5th U.S. Circuit Court of Appeals found the Consumer Financial Protection Bureau’s (CFPB) funding mechanism is unconstitutional Wednesday. CUNA has long supported placing the CFPB under the traditional appropriations process. “The court’s decision today is ...

CUNA’s Stverak comments on proposed NCUA budget

WASHINGTON, DC (October 19, 2022) — Credit Union National Association (CUNA) Deputy Chief Advocacy Officer Jason Stverak addressed the NCUA at its briefing for its draft 2023-2024 budget today highlighting that the agency should focus on ‘budgetary discipline.’ NCUA’s proposed combined 2023 staff draft ...

CUNA files amicus brief in arbitration agreement lawsuit

WASHINGTON, DC (October 17, 2022) — Credit Union National Association (CUNA) filed an amicus brief Thursday on behalf of Golden 1 Credit Union in Burgardt v. The Golden 1 Credit Union, a legal proceeding involving arbitration agreements. At issue is the process by which an ...

CUNA Research: September CPI Report signals more pain for consumers

WASHINGTON, DC (October 13, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s September Consumer Index Report: “Price increases are not slowing down. The September Consumer Price Index rose by 0....

CUNA research: Labor market too strong for Fed

WASHINGTON, DC (October 7, 2022) — Credit Union National Association (CUNA) Senior Economist Dawit Kebede, PhD, issued the following statement in response to the Labor Department’s September Employment Situation: “The U.S. economy added 263,000 jobs in September, lower than the year-to-date average ...

Fed finalizes updates to Regulation II debit requirements

WASHINGTON, DC (October 4, 2022) — The Federal Reserve issued a statement finalizing updates to the Board’s Regulation II rule concerning debit card transactions, stating debit card issuers must authorize “at least two payment card networks.” CUNA, Leagues and credit unions strongly oppose this ...