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NAFCU is now America's Credit Unions.

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February 5, 2024

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Transition Board Chair Schools breaks down America’s Credit Unions’ mission and vision ([link removed] )

America’s Credit Unions Transition Board of Directors Chair Brian Schools detailed the mission and vision for the brand-new organization in an op-ed for CU Insight. “The mission of America’s Credit Unions is to advocate for and advance an environment where credit unions thrive,” wrote Schools. “This mission is complemented by our overarching vision: people everywhere …

Advocacy team meets with NCUA to encourage CU innovation ([link removed] )

America’s Credit Unions’ Madison Rose and Andrew Morris met with NCUA Director of Financial Technology and Access Charles Vice Friday, part of the association’s ongoing engagement with policymakers. The Office of Financial Technology and Access is designed to identify barriers, challenges, and opportunities for credit unions in adopting and using technology. Vice is the principal …

AI guidelines should not create misalignment with existing regulations ([link removed] )

Credit unions must have confidence that AI innovation will not be penalized by heavy-handed regulation, America’s Credit Unions’ Andrew Morris wrote to the National Institute of Standards and Technology (NIST) Friday. The comments were sent in response to NIST’s request for information on the White House’s October 2023 Executive Order on “Safe, Secure, and Trustworthy …

This week: Treasury’s Yellen to testify before House, Senate committees ([link removed] )

America’s Credit Unions will monitor several relevant hearings this week, including Treasury Secretary Janet Yellen’s appearances before the House Financial Services Committee and Senate Banking Committee. During the hearings, Yellen will provide an annual report to Congress on the Financial Stability Oversight Council (FSOC). The House Financial Services Committee hearing will take place Tuesday at …

January jobs report exceeds expectations ([link removed] )

The Bureau of Labor and Statistics (BLS) released January’s jobs report Friday, noting 353,000 jobs were added and the unemployment rate remained at 3.7%. Jobs gains were mostly seen in professional and business services, health care, retail trade, and social assistance. January losses were seen in mining, quarrying, and oil and gas extraction industries. “The …

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