Investing in credit union boards

So much of what we do as a movement starts at the board level. Credit union boards are instrumental in setting the direction of your credit union and how it serves your community. They’re also evolving alongside our movement; roughly half of all credit union boards turn over every five years.

• CUNA Professional Development Online offers more than 50 courses aimed at putting your boards in the best position to succeed. These include courses on financial literacy, governance, strategic planning, and more.
• We also have several in-person events coming up in Phoenix, including the Credit Union Board Roundtable (Sept. 10-11), Credit Union Board Development School (Sept. 26-27), and Finance for Boards and Committees Workshop (Sept. 28-29).
• Our Credit Union Directors Newsletter is designed to keep boards up to date on the latest policies, trends, and research.

CUNA is here to be your champion, from staff and management to the board, so you can be there for your members.

Check out all of our board offerings

CUNA’s Donovan to depart

It’s with mixed emotions that we announced this week CUNA EVP/Chief Advocacy Officer Ryan Donovan will be leaving CUNA in September to lead the Council of Federal Home Loan Banks. While we’re sorry to see Ryan leave our movement, I’m also incredibly proud of the work he’s done on behalf of credit unions and their members for more than 15 years. Please join me in wishing Ryan all the best.

American, Polish credit unions fund ambulances for Ukraine

Shout out to American and Polish credit union leaders who raised money to purchase two ambulances. These vehicles are being used to evacuate sick children, pregnant mothers, and disabled or injured people to Polish hospitals from Ukraine where they can be treated. Donations have also been used to move refugee families to permanent housing.

read more here >

Forbes names ‘best in state’ credit unions

Congratulations to all the credit unions named “best in state” by Forbes. The results—which come from interviews of more than 26,000 credit union members—show how credit unions meet the needs of their members as they work to promote financial well-being for all and advance the communities they serve.

find out who tops the list >

Basel Committee issues proportionality guidance

The Basel Committee on Banking Supervision issued guidance encouraging national-level regulators to consider tailoring their standards for less complex financial institutions such as credit unions. CUNA—along with the World Council of Credit Unions—strongly supports the concept of proportionality for national-level banking supervision. The guidance notes that smaller, less complex institutions could be served better with simpler rules than those followed by large, multinational institutions.

read more here >

N.H. governor signs League-credit union-backed bills

Great job by the Cooperative Credit Union Association and New Hampshire credit unions for getting two credit union bills signed into law this month! Gov. Chris Sununu signed SB 384, giving financial institutions additional abilities to stop financial exploitation, and SB 354, which impacts insurance adjuster licensing and the sale of credit life, credit accident, and health insurance policies. CCUA worked closely with legislators to advance both bills.

learn more here >

360-degree advocacy

• CUNA Senior Economist Dawit Kebede says the higher-than-expected rises in consumer prices mean a higher chance the Fed will raise interest rates by the end of the month.
• The House passed the FY23 National Defense Authorization Act with several credit union priorities, including the Secure and Fair Enforcement (SAFE) Banking Act, and extension of Central Liquidity Facility flexibility.
• We supported a bill to repeal Section 1071 of the Dodd-Frank Act.?
• We joined the Defense Credit Union Council on a letter to a House subcommittee highlighting the role credit unions play in supporting servicemembers and their families.?
• We wrote in support of a bill to modernize credit union board meeting requirements.?
• Applications are being accepted through July 24 for credit union leaders interested in serving on the Consumer Financial Protection Bureau’s Credit Union Advisory Council.?
• We continued our engagement with the Federal Communications Commission on minimum technical standards for call-blocking notifications.?
• CUNA Deputy Chief Advocacy Officer for Congressional Relations Jason Stverak gave a great interview on credit union advocacy to WFZG in North Dakota.