Links in “CUNA”

NAFCU President/CEO Dan Berger, NAFCU Vice President of Legislative Affairs Brad Thaler, and new CUNA President/CEO Jim Nussle all were named to The Hill newspaper’s list of the top lobbyists for 2014.  [10/23/14]

This year bi-partisan support for credit union-friendly candidates has hit a record high. CUNA estimates that its expenditures for this election cycle are close to $6 million. [10/14/14]

Jim Nussle, CUNA CEO, believes that credit unions and banks working together to promote certain legislative efforts could be key to moving things forward. He’s scheduled a meeting with the CEO of the Community Bankers of America Association to see if they can identify some common ground. [10/13/14]

CUNA has issued an action alert to “Stop the Data Breaches” along with a resource toolkit that credit unions can use to communicate this message. The multi-media campaign is designed to urge Congress to pass legislation mandating consistent data security standards for merchants. [10/3/14]

CUNA economist are now offering a new tool to help credit unions understand the current and upcoming economic climate, and how changes might affect the way credit unions deal with their members. [9/26/14]

New CUNA CEO Jim Nussle has released a video in which he identifies the top priorities for the association as preserving the tax exemption, seeking further regulatory relief, and the promotion of credit unions as the premier financial choice for American consumers.  Nussle adds that his personal priorities are to listen to and learn from member credit unions, league partners, and CUNA staff. [9/24/14]

In a letter to the CFPB, CUNA expresses concern about the reputational harm that credit unions could face as a result of permitting consumers to post narrative descriptions of their complaints that could contain “inaccuracies, exaggerations and even intentionally false information.”  In addition, CUNA points out that privacy concerns may not allow credit unions to provide the details necessary to adequately respond to a consumer’s complaint. [9/23/14]

Does your credit union need a little extra help battling liquidity, interest rate risk, and investments? According to the Credit Union National Association, a product from the Federal Home Loan Banks (FHLB) might be for you. [9/22/14]

The currently low interest rates are expected to rise as monthly job gains increase (which is a sign of economic expansion). Bill Hampel, interim president/CEO of CUNA said, "If monthly job gains average more than 250,000 for the next several months, the increase could come as early as next spring. If they fall back below 200,000, it could be the fall or later. In between, we're looking at next summer." [9/18/14]

NAFCU and CUNA think so. They are amongst a group of 13 other financial trade organizations who sent a letter to the CFPB urging them to take a look at state laws that potentially contradict (or duplicate) the new TILA/RESPA rules. [9/18/14]