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CUNA and NAFCU are now America's Credit Unions.

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March 21, 2024

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Nussle offers support for bill to prohibit SBA direct lending ([link removed] )

America’s Credit Unions President/CEO Jim Nussle wrote to Sen. Tim Scott, R-S.C., to express the organization’s support for the Protecting Access to Credit for Small Businesses Act. The bill aims to prevent the Small Business Administration (SBA) from making direct loans through the 7(a) program. Nussle noted the (7)a program “epitomizes a successful public-private partnership, …

Hunt to Congress: Credit unions deliver meaningful impact ([link removed] )

America’s Credit Unions Chief Advocacy Officer Carrie Hunt followed the hundreds of congressional meetings at the 2024 Governmental Affairs Conference with a message to Congress highlighting credit unions’ meaningful impact despite concerning proposals and misleading bank attacks. “Our top advocacy priority is protecting the interchange system from bad proposals in Congress and the Federal Reserve,” …

Hunt: Interchange attacks hurt everyone ([link removed] )

In a new op-ed for CUInsight, America’s Credit Unions Chief Advocacy Officer Carrie Hunt called attacks on interchange “misguided and misdirected.” “For over a decade, retailers have turned interchange fees into a scapegoat to distract consumers from corporate greed. While big box retailers continue spewing their false promises, America’s Credit Unions is committed to fighting …

Credit union-backed candidates win races in Illinois, Ohio ([link removed] )

America’s Credit Unions PAC was involved in 24 primary elections in Illinois and Ohio Tuesday, with credit union-backed candidates winning all 24 races. Rep. Mike Bost, Ill.—supported by America’s Credit Union PAC and the Illinois Credit Union League—won a close Republican primary against challenger Darren Bailey. Additional investments were made in this race to reach …

Nussle: Credit unions are working to close housing access gap ([link removed] )

America’s Credit Unions President/CEO Jim Nussle wrote to the House Financial Services Housing and Insurance Subcommittee to provide the credit union perspective ahead of Wednesday’s hearing to examine current challenges for homebuyers. Nussle highlighted credit unions’ commitment to furthering financial inclusion and the industry’s long history of assisting members with homebuying, financial literacy, and …

FOMC maintains current interest rates ([link removed] )

The Federal Open Market Committee (FOMC) agreed to maintain the current target range for the federal funds rate between 5.25 to 5.5 percent during its two-day meeting that ended Wednesday. The committee’s statement noted the “economic outlook is uncertain” and the committee “remains highly attentive to inflation risks.” However, the committee “judges that the risks …

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