Remembering 9/11, 20 years later

Saturday marks 20 years since the 9/11 attacks. September 11 was a tragic day in our nation’s history and one that we will never forget.

join me in reflecting

Tell Congress your concerns with additional IRS reporting requirements

The House is considering a proposal that would require credit unions and other financial institutions to report inflows and outflows on all accounts over $600. We strongly believe that this proposal, which is meant to offset the cost of critical infrastructure spending, would create major problems for consumers, their credit unions, and the federal government.?

For consumers, this represents an unprecedented invasion of privacy. For financial institutions, it’s an enormous reporting requirement that could jeopardize service to underserved communities. And for the federal government, which operates on severely outdated and often-compromised software, this represents a grave security risk for people’s personal data.?

You can also share this important alert with your members through our newest MAP campaign (sign-in required).?

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Awareness efforts continue to increase consumer consideration

The latest semiannual research from CU Awareness, LLC shows that we’re making progress in our goal to increase consumer consideration of credit unions. We saw a nearly 10-point increase in ad recall for credit unions nationally, and consumer consideration for credit unions as lenders increased eight percentage points since 2019. Thank you to the Leagues, credit unions, and other partners who support this initiative. A special shout out to CU Awareness Executive Director Chris Lorence, who spoke with NerdWallet about credit unions as alternatives to big banks.

read the article here >

Focus your leadership lens on the 2022 economic outlook

On Sept. 15, block off an hour of your time to attend the fourth session of CUNA Council’s Through the Leadership Lens Virtual Series, Outside & Inside – Economic Outlook: 2022 (and Beyond). You’ll hear two expert economists — The Conference Board’s Dana Peterson and our Chief Economist Mike Schenk — discuss economic prospects and how the changing economy will impact your credit union.

register now >

Louisiana CU League continues support in wake of Hurricane Ida

The Louisiana Credit Union League assisted more than 700 credit union employees affected by Hurricane Ida with emergency quick cash grants totaling more than $280,000. The League continues to take in new grant applications as well as track resources available from other credit unions, industry partners, and more. For more information about providing assistance or resources available, please email [email protected].

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360-degree advocacy

• We supported a bill introduced this week from Reps. Vicente Gonzalez (D-Texas) and Brian Fitzpatrick (R-Pa.) that would raise the maturity limits on loans made by federal credit unions.?
• We commented on the Federal Housing Finance Agency’s fair lending policy statement, noting that we support the enforcement of fair lending laws, but push back against any increased regulatory burden.?
• We wrote in support of the Federal Reserve Board’s ongoing development of the FedNow service and rule updates needed to operate FedNow.