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CUNA and NAFCU are now America's Credit Unions.

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March 22, 2024

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Government funding bill addresses credit union priorities ([link removed] )

The government funding bill released by lawmakers Thursday contains several priorities for credit unions, in addition to America’s Credit Unions-supported language related to oversight of the Treasury’s Community Development Financial Institutions (CDFI) Fund and Small Business Administration (SBA). Federal government funding is currently scheduled to lapse after 11:59 p.m. Eastern Friday; this legislation would fund …

Nussle highlights benefits of tax status, funding levels in FY25 budget letters ([link removed] )

America’s Credit Unions President/CEO Jim Nussle wrote to the House Appropriations Subcommittee on Financial Services and General Government and the Senate Finance Committee ahead of its hearings on the president’s fiscal year 2025 budget proposal. In the letter to the Senate Finance Committee, Nussle reiterated the importance of the credit union federal tax exemption. He …

SBA direct lending would harm small businesses, community financial institutions ([link removed] )

America’s Credit Unions President/CEO Jim Nussle this week wrote to the Senate and House Small Business Committees to voice concerns about granting the Small Business Administration (SBA) new direct lending abilities. Both Committees held oversight hearings with SBA Administrator Isabel Guzman on Wednesday. “Direct lending by the SBA would drive up program costs and disincentivize 7(a) …

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