A lot to be thankful for

I’m thankful to be part of a movement that does so much good for so many.

I’m thankful for your support of America’s Credit Unions and belief in this new organization.

I’m thankful for credit union members and how the credit union difference changes lives.

And I’m thankful for leaders like you who make our movement a powerful force through your passion, creativity, and dedication. It’s an honor to work alongside you.

There’s lots to do before the end of the year, and even more on our plate for 2024 and beyond. I hope you take the time to focus on family, friends, and re-energizing for the days and weeks ahead.

Happy Thanksgiving. ?

CFPB overreach continues to harm consumers

CUNA Deputy Chief Advocacy Officer Jason Stverak hit the nail on the head when he wrote in American Banker that the Consumer Financial Protection Bureau’s (CFPB) consistent failure to consider the full impact of its rules is harming the very consumers the bureau is tasked to help. Its process continually includes credit unions in a one-size-fits-all approach that ultimately makes financial services harder to access. CUNA, Leagues, and credit unions continue to push back against this overreach, and we couldn’t do it without you.

Read the op-ed here?

Lending Council Conference covers importance of leadership

The CUNA Lending Council Conference wrapped up last week in Denver, and Credit Union Magazine has complete coverage of the event. Attendees heard from a Navy SEAL, learned how artificial intelligence can help small organizations, and gained insight into how leadership and relationships factor into success.

Read coverage of the conference here

No ‘junk’ in overdraft fees

Shout out to Diana Dykstra, president/CEO of the California and Nevada Credit Union Leagues, for her excellent post on the truth behind credit union overdraft fees. Despite a lot of misleading talk of “junk fees,” Diana says credit unions’ fundamental difference from for-profit institutions means we don’t charge “junk fees.” Services—including overdraft protection—are designed to meet members’ needs however they see fit, and as Diana said, we’ll keep prioritizing the financial well-being of our members and communities.

Read the article here

More from 360-degree advocacy

• We submitted detailed written comments on NCUA’s proposed 2024-25 budget, which follows CUNA, NAFCU, and League presentations to the agency last week.
• CUNA and NAFCU urged CFPB to submit its Fair Credit Reporting Act proposal through the Advance Notice of Proposed Rulemaking process to allow for appropriate feedback.
• Our analysis of the Federal Housing Finance Agency’s report on the Federal Home Loan Bank system covers the agency’s recommendations on the future of the FHLBanks.