America’s Credit Unions Press Archives

NCUA approves Share Insurance Fund distribution to credit unions

WASHINGTON, DC (March 7, 2019) — Credit Union National Association (CUNA) President/CEO released the following statement after the National Credit Union Administration (NCUA) board approved a $160.1 million equity distribution from the National Credit Union Share Insurance Fund that will be paid to ...

CUNA sends data privacy letter to Homeland Security subcommittee

WASHINGTON, DC (March 7, 2019) — Credit Union National Association (CUNA) wrote to the House Homeland Security subcommittee on investigations Wednesday ahead of their hearing on private sector data breaches. CUNA maintains that the cornerstone of any new data privacy requirements should be robust data ...

CUNA seeks CECL relief for credit unions

WASHINGTON, DC (March 5, 2019) — Credit Union National Association (CUNA) filed a comment letter with the Financial Accounting Standards Board (FASB) regarding its Targeted Transition Relief proposal that is intended to ease transition to the credit losses standard (CECL) by providing the option to ...

CUNA sends letters to the Hill ahead of Congressional Hearings

WASHINGTON, DC (February 28, 2019) — Credit Union National Association (CUNA) is engaged in a variety of hearings in both chambers of Congress this week, including those on data privacy and diversity in financial services. Below please find details on the contents of each letter ...

CUNA letter to HFSC addresses credit reporting responsibilities

WASHINGTON, DC (February 26, 2019) — Credit Union National Association (CUNA) sent a letter for the record to Chairwoman Maxine Waters and Ranking Member Patrick McHenry ahead of the House Financial Services Committee (HFSC) hearing titled, “Who’s Keeping Score? Holding Credit Bureaus Accountable and ...

CUNA sends letters ahead of key congressional hearings

WASHINGTON, DC (February 26, 2019) — Credit Union National Association (CUNA) is engaged in a variety of hearings in both chambers of Congress this week, including those on data privacy and diversity in financial services. Below please find details on the contents of each letter ...

Registration open for 2019 CUNA Investment Certification Schools

WASHINGTON, DC (February 21, 2019) — Registration is now open for this year’s CUNA Investment Certification Schools, designed to provide credit union financial leaders with the current, relevant training necessary to craft efficient investment strategies. “Making reliable investment decisions is key for credit unions ...

‘Open Your Eyes to a Credit Union’ now live in the Carolinas

WASHINGTON, DC (February 19, 2019) — Carolinas credit unions this week have launched digital-first messaging inviting consumers in both states to “Open Your Eyes to a Credit Union,” the Credit Union National Association (CUNA) and Carolinas Credit Union League announced today. Built on extensive research, ...

Settlement proposed in data breach lawsuit against Wendy’s

WASHINGTON, DC (February 14, 2019) — A proposed settlement was submitted to the court in First Choice Federal Credit Union v. The Wendy's Company for approval Wednesday, which would conclude the data breach lawsuit from a 2016 data breach at certain Wendy’s franchise locations. ...

Statement from CUNA’s Nussle on passing of Rep. Walter Jones

WASHINGTON, DC (February 11, 2019) — CUNA President/CEO Jim Nussle issued the following statement on the passing of North Carolina Rep. Walter Jones. “Walter Jones was a dear friend of the credit union movement who recognized the vital role credit unions play in small ...