The ‘why’ of Financial Well-being for All?
Jim Nussle
Chief Executive Officer, AMERICA’S CREDIT UNIONS. Our mission is to advocate for and advance an environment where credit unions thrive.
I found myself in a room with hundreds of credit union practitioners passionate about making a difference on the financial well-being of their members and their communities at the CU FinHealth23 Conference, co-hosted by the Cornerstone Foundation, California and Nevada Credit Union Leagues and the National Credit Union Foundation, earlier this week.
I was preaching to the choir when I spoke to this group, but I wanted to remind all of us why we must maintain a strong commitment to improving financial well-being for all.
It’s something we can never take for granted or lose sight of no matter what else we’re working on because:
It’s our job as leaders to deliver on improving financial well-being for all.
I encourage you to check in with your employees or peers that attended CU FinHealth23. Ask them about their biggest takeaways, the opportunities they see for your credit union, and the connections they made with others.
Don't let the momentum of this outstanding conference fade.?
Hawaii League, credit unions talk interchange
Shout out to the Hawaii Credit Union League, who organized a meeting with credit unions and Rep. Ed Case, D-Hawaii, to discuss how potential interchange legislation would disrupt the current system that works for everyone involved. Leaders told Rep. Case that interchange fees cover the cost of fraud detection, credit monitoring, and more, while the Credit Card Competition Act would increase risks to consumers and financial institutions.
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We wrote a comprehensive letter to the House Financial Services Committee as they returned to Washington, D.C., this week rebutting incorrect statements made by the banks earlier this month. Our letter clearly demonstrates that banker claims about credit unions and NCUA are the same tired, misleading points they use every year, and that credit unions remain dedicated to the communities banks are abandoning.
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Thank you for your leadership around financial health and well being Jim Nussle! The CU movement has made incredible strides thanks to you, Christiane Gigi Hyland and so many others. We are proud to be your partner.
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