The credit union difference is our opportunity
Jim Nussle
Chief Executive Officer, AMERICA’S CREDIT UNIONS. Our mission is to advocate for and advance an environment where credit unions thrive.
Spring is here, Opening Day is upon us, and hopefully things are getting warmer where you live. It might not seem like it, but we’re already in the second quarter of 2022.
We’re working on moving bipartisan credit union bills forward, bills we believe will revolutionize credit unions’ operating environment and expand our reach into underserved communities. Congress is out for the next two weeks, which gives us the opportunity to engage with elected officials while they’re back home in their communities. This is our chance to reinforce how credit unions serve Main Street.?
Every time we can highlight the credit union difference and back it up with data is an opportunity—a chance for us to ensure those left behind by the big banks have a trusted financial partner to help them build a strong financial future.
We need to think beyond our current members; there are so many more people we can serve. It’s our duty to reach them, and we’re their opportunity to improve their financial well-being. That’s our challenge, let’s live up to it.
Credit unions donate $323K to CMN Hospitals at Cherry Blossom race
Thanks to the thousands of runners who participated in the “runner’s rite of Spring” last weekend at the 49th annual Credit Union Cherry Blossom Ten Mile Run. Credit unions presented Children’s Miracle Network with a check for $323,000, bringing our contribution to more than $10 million over the last 20 years. MD|DC Credit Union Association President/CEO John Bratsakis welcomed runners first thing Sunday morning and CUNA’s Immediate Past Board Chair Brad Green held the finish line for the two history-making men’s and women’s finishers. And the California and Nevada Credit Union Leagues participated in the Credit Union Sactown Run, which raised $200,000 for Children’s Miracle Network.
Economic Update looks at credit union member outcomes
This month, CUNA Chief Economist Mike Schenk looks at financial well-being metrics and what credit union members are saying about financial health. Spoiler alert: Mike shows that America’s credit unions are not only consumers’ best financial partner, they also advance the communities they serve. The video includes a look at differences in credit union member behavior versus non-members.
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Hawaii Credit Union League names new president/CEO
Congratulations to Carol Marx, named this week as the new president/CEO of the Hawaii Credit Union League. Carol brings more than three decades of financial services experience and is well-connected in her community. Carol starts at the League on April 18, please join me in welcoming Carol to our movement!
Credit unions continue to support Ukraine
The Carolinas Credit Union League, Carolinas Credit Union Foundation, and Carolinas credit unions raised $280,000, far surpassing the $50,000 they hoped to raise by April 1. American Heritage Credit Union—whose president/CEO Bruce Foulke took a humanitarian trip earlier this year—collected high-demand items including first-aid supplies, outerwear, and non-perishable foods, over a two-week drive. The Worldwide Credit Union Foundation has collected more than $900,000 in donations for the Ukrainian Credit Union Displacement Fund.
MCUL’s Corkery examines crypto and credit unions
Kudos to Michigan Credit Union League President/CEO Patty Corkery for her op-ed this week in CUInsight. She asks and answers the questions many of us have when we see words like “cryptocurrency” and “NFT,” while exploring credit unions’ role in these emerging technologies. Thanks to Patty for being a thought leader in this arena, and I encourage everyone to read her article.
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