3rd annual #ILoveMyCreditUnion is almost here

3rd annual #ILoveMyCreditUnion is almost here

Credit union champions are taking to social media on Friday, July 28, to tell the world why they love their credit union. The Illinois Credit Union League is back for their third annual social media blitz, and I can’t wait to read all the great reasons people love their credit unions.

Credit unions make a difference in the lives of our members every day, and #ILoveMyCreditUnion Day is a chance to flood social media with these amazing stories. Last year, the campaign reached 6 million people and saw posts from all 50 states, 11 countries, and over 850 organizations!

I hope you’ll take the time to share your story on social media using the hashtag #ILoveMyCreditUnion . Thanks to the Illinois Credit Union League for championing this initiative.

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Economic update analyzes labor conditions

In the latest CUNA Economic Update, Senior Economist Ligia Vado discusses the current conditions of the labor market. Based on the most recent forecast, the economy appears to be heading for a “soft landing” due to the strength of the labor market. Vado also breaks down the market’s trends including unemployment rate, labor force participation, and more.?

Watch the video here


CUAC applications open through July 16

Applications are open for the Consumer Financial Protection Bureau’s Credit Union Advisory Council. The council brings the unique credit union perspective to CFPB to better inform its rulemaking and policy development—something I think we can all agree is needed. Interested credit unions should apply by the July 16 deadline.

Learn more here


Elevate your credit union’s collections strategy

Your collections and lending professionals will learn member-focused strategies to improve your collections program and mitigate risk at CUNA Collections & Bankruptcy School, Sept. 25-28 in Phoenix. Investing in this educational opportunity prepares staff to navigate challenges and support members facing financial hardships with empathy and expertise. Save $200 if you register before July 25.

Enroll today


CUNA comments on NCUA annual regulatory review

We submitted a detailed comment letter to NCUA on its annual review of one-third of its regulations and noted our continued appreciation for NCUA’s willingness to solicit input and review its regulations. We provided feedback on cryptocurrency services, appraisals, additional investment authority in “credit union organizations,” the Central Liquidity Facility, and noted several policies that would help increase credit union services to members and communities.

Read our comments here


More from 360-degree advocacy

  • We joined five other national trade organizations to express concern with the CFPB’s statement on abusive acts or policies.
  • The Cybersecurity and Infrastructure Security Agency issued a cybersecurity alert addressing a critical vulnerability that affects the MOVEit Transfer web application.

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