America’s Credit Unions President/CEO Jim Nussle wrote to the House Ways and Means Committee ahead of its Tuesday hearing with Treasury Secretary Janet Yellen. In the letter, Nussle called attention to the effectiveness of the Federal Credit Union (FCU) Act and urged the committee to protect credit unions’ tax-exempt status. “The tax-exempt status afforded credit …
Ahead of Tuesday’s House Small Business Committee hearing to examine the Financial Crimes Enforcement Network’s (FinCEN) implementation of the Corporate Transparency Act (CTA), America’s Credit Unions President/CEO Jim Nussle explained that rules and regulations related to anti-money laundering and countering the financing of terrorism (AML/CFT) are overly burdensome to credit unions. Nussle offered strong support …
Community 1st Credit Union, a financial cooperative tucked away in rural, southeast Iowa, is dedicated to helping members in need and improving their financial wellness. Headquartered in Ottumwa, Iowa, many Community 1st members have an agricultural background and often partner with the credit union to receive the needed funds to run their farming operations. “Most …
