November 8th, 20187120This story ran in Credit Union Journal on Nov. 7.
A number of former credit union executives and directors have good reason to smile on Wednesday.
Overall, politicians with ties to the credit union industry had a good night during Tuesday's election. Roughly a dozen people with a connection to credit unions won races for the U.S. House and other local contests.
Additionally, the Credit Union Legislative Action Council (CULAC), the federal political action committee of the Credit Union National Association, supported 375 candidates for House and Senate seats this year. CUNA and state credit union leagues invested a record $7...
October 11th, 201825126On Thursday, the National Credit Union Foundation opened CUAid to receive disaster relief funds to help credit union employees and volunteers affected by Hurricane Michael.
The Category 4 hurricane ripped through Florida and parts of Georgia on Wednesday and continued through to the Carolinas on Thursday, leaving a path of destruction in its wake. The storm left buildings collapsed, hospitals damaged and more than a million homes and businesses without electricity, according to a New York Times article. At least seven people died as a result of Hurricane Michael.
Credit unions throughout Georgia and Florida as well as the League of...
October 10th, 201822109The League of Southeastern Credit Unions and its affiliated credit unions are bracing for Hurricane Michael.
The league, which is based in Tallahassee, joined many of its credit unions in closing their branches Tuesday around noon and remaining closed through Thursday because of the state of emergency declared for Alabama and Florida, according to a Credit Union Times article.
Hurricane Michael will be the second major hurricane to it the area in 13 months. It was just over a year ago — September 2017 — when Hurricane Irma dumped more than a foot of rain, brought winds of 130 to 142 mph and knocked power out at more than 5.6...
September 12th, 20180102Credit unions across the Mid-Atlantic are taking the threat of Hurricane Florence seriously.
The hurricane, which is slated to make landfall Thursday evening in states including the Carolinas and Virginia, already prompted mandatory evacuation orders for the entire South Carolina coastline. Portions of coastal North Carolina and Virginia are also under evacuation orders.
"There are quite a few closings already because of the evacuation order," Brandon Pugh, vice president of public relations and communication for the Carolinas Credit Union League, told Cuna News.
Pugh also told CUNA News that the Carolinas Foundation is preparing to...
August 30th, 201828106Hawaiian credit unions are recovering this week after they withstood Hurricane Lane last week and over the weekend.
Lane deposited more rain than any other tropical storm or cyclone in Hawaii's history, according to Weather.com. The downpour also ended up being the second-highest rain total in U.S. history by a tropical storm, dumping 52.02 inches on the islands. That's second only to Hurricane Harvey's 60.58 inches last year.
CU Hawaii sits on Hawaii Island, where rainfall was heaviest, and took on two feet of water in the basement of its main branch on Hinano Street, according to a Credit Union Journal article.
"We worked the...
August 8th, 2018098California credit unions are hanging on after suffering through wildfires one credit union executive described as "apocalyptic," according to CUNA's news site.
As of Tuesday morning, there were 18 large wildfires burning across California.
"I don't want to overstate it, but this is apocalyptic, even by California standards," said John Cassidy, CEO of Sierra Central Credit Union. "These are some of the hottest fires ever recorded because of the type of timber and brush firefighters have to deal with."
Nine of Sierra Central CU's 24 employees in the area were temporarily displaced from their homes and at least 49 of the credit...
July 18th, 2018468691The new leader of the World Council of Credit Unions Board of Directors hails from the United States.
Steven Sapp, president and CEO of Unitus Community Credit Union in Portland, Ore. formally took office during the World Credit Union Conference General Session on July 17 in Singapore.
"Although I come from the U.S., I consider myself a global ambassador of credit unions — a servant of the people. World Council and the work of those that have gone before us have brought us together. We must not forget that we drink the water from the well that others have dug, but now is our time to take this work forward," Stapp said. "The challenge...
June 18th, 20184145President Donald Trump is expected to nominate Rodney Hood to serve on the NCUA board in the seat currently held by board member Rick Metsger, according to CUNA.
Hood has experience with NCUA. President George W. Bush previously appointed him vice chairman of NCUA in 2005. He served in that position until 2010.
"CUNA and the Leagues congratulate Rodney Hood on his nomination by President Trump to the NCUA Board," said CUNA's Chief Advocacy Officer Ryan Donovan. "We look forward to working with Mr. Hood once again to improve the efficiency, safety and soundness for credit unions. During his tenure to the Board, Mr. Hood was approachable...
June 18th, 201825139The Credit Union National Association recently announced three promotions into senior leadership positions.
Mike Schenk has been named CUNA's deputy chief advocacy officer for policy analysis and chief economist. Schenk previously served as CUNA's vice president of research and political analysis. During his time in that role, Schenk played a critical part in the organization's success through policy analysis. His team is closely integrated into CUNA's advocacy strategy to produce data, analysis and research that influences policymakers.
Trey Hawkins has been named deputy chief advocacy officer for political action. Hawkins...
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