May 24th, 20180126Today, President Donald Trump signed into law a bill providing historic regulatory relief to credit unions and community banks.
The Credit Union National Association, the Georgia Credit Union Affiliates and other credit union leagues around the country have all championed the bill from early negotiations in the Senate. On Thursday, they celebrated Trump's signature on the act as a victory for the credit union movement.
"President Trump's signature on S. 2155 brings a successful end to one of the most comprehensive, historic advocacy efforts the credit union system has seen in quite some time," said CUNA President/CEO Jim Nussle. "From...
May 23rd, 20180101A regulatory relief bill marking a historic win for credit unions is set to cross the president's desk today.
President Donald Trump tweeted earlier that he plans to sign S.2155 into law.
S.2155, or the Economic Growth, Regulatory Relief and Consumer Protection Act, passed the House with a 258-159 vote Tuesday evening. The Senate passed the bipartisan bill in March.
CUNA, Georgia Credit Union Affiliates and other credit union leagues across the country have long supported the bill, which contains provisions that would “ease mortgage lending and free up capital for small businesses, two essential ways to grow an economy that has...
May 22nd, 2018089The House is poised to vote on a regulatory relief bill today that would benefit credit unions and their members, according to the Credit Union National Association. The House's vote would turn the bill to law.
S. 2155, also known as the Economic Growth, Regulatory Relief and Consumer Protect Act , contains provisions that would "ease mortgage lending and free up capital for small businesses, two essential ways to grow an economy that has suffered from both a financial crisis and the regulations put in place in response to it," according to an Op-Ed by Georgia Credit Union Affiliates CEO Mike Mercer. "This bill is a much-needed win for...
May 7th, 2018195Credit unions won a major victory in Iowa on Saturday.
The sate passed a tax bill without a provision it had been considering — a provision that would have increased taxes on the state's credit unions while lowering them for banks.
The Iowa Credit Union League and nearly 1,000 credit union leaders, including CUNA President and CEO Jim Nussle, rallied against the legislation at the Iowa state capitol in March.
"While we expect these fights to continue as bankers push false narratives about not-for-profit, member-owned financial institutions, this is a moment to congratulate the excellent leadership of Pat Jury and the Iowa Credit...
April 26th, 20180176Credit Union Magazine recently announced that Tom Williams, senior vice president of the Mississippi Credit Union Association, will be honored as the 2018 Credit Union Hero of the Year.
The Credit Union Hero of the Year award, sponsored by Trellance, recognizes those who serve as examples for the entire movement through their service, advocacy and commitment to credit union ideals. Credit Union Magazine readers selected McWilliams by voting at news.cuna.org.
"Tom McWilliams is the consummate lifelong learner," said Ann Hayes Peterson, CUNA's vice president of publishing and editor-in-chief. "His contributions have influenced the...
April 23rd, 20182123The National Credit Union Administration is considering an appeal to the U.S. District Court for the District of Columbia's ruling that vacated two provisions of the agency's fild-of-membership rule, according to a Credit Union National Association press release.
NCUA filed a notice with the court April 19, which set forth the agency's implementation plan to comply with the ruling. The notice indicates that while new communutiy charters will no longer be granted on the basis of the expanded definition o rural district and combined statistical areal, credit unions will not be required to de-list members that joined prior to April 4, 2018,...
April 17th, 20181124The National Federation of Community Development Credit Unions recently welcomed a new Southeastern Regional Director.
In her new role, Anna Foote will help oversee the On the Rise Financial Center, an initiative the Federation launched in 2017 to build financial access and capability in Atlanta's historic Westside community.
Foote is a 30-year veteran of Atlanta's credit union community who previously served as vice president of 1st Choice Credit Union and CEO of Bond Community Credit Union. Most recently, she spent 15 years as vice president of Operations for Coca-Cola Credit Union, where she served more than 14,000 members...
April 13th, 20182157Georgia credit unions will help young members get scientific about saving throughout April to celebrate the Credit Union National Association’s National Credit Union Youth Month as well as Financial Literacy Month.
“Credit Unions will once again inspire America’s youth to reach financial freedom,” said CUNA President and CEO Jim Nussle. “April is the month in which we can showcase our effort to our youngest members and help them begin a journey of lifelong financial education.”
This year’s National Credit Union Youth Month theme is “The Science of Saving.” Several Georgia credit unions will use fun content and events...
April 12th, 20180112The Credit Union National Association recently named a new Chief Financial Officer.
Eddie Rivera, CUNA's former Vice President of Finance and Controller, brings more than 24 years of experience in financial industry management "and has demonstrated himself as a strategically focused leader who embraces change and fosters an environment that pushes for constant growth," according to a CUNA press release. Rivera also has demonstrated good working relationships with CUNA's internal departments and external partners.
"Eddie exemplifies CUNA's core values and we are excited that he has accepted the full-time role of CFO," said Jim...
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