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July 22, 2024

The Credit Union industry’s most important updates

Efficiently grow loans and member relationships ([link removed] )

This week: Credit union COO testifying on behalf of America’s Credit Unions ([link removed] )

This week, Congress is back in Washington with America’s Credit Unions engaging lawmakers on various industry priorities. That includes an America’s Credit Unions member testifying on behalf of the industry before the House Financial Services Committee. Elizabeth Osborne, COO of Great Lakes Credit Union in Bannockburn, Ill., will provide the credit union perspective on …

America’s Credit Unions addresses Biden campaign withdrawal ([link removed] )

America’s Credit Unions released this statement following President Joe Biden’s decision to withdraw from seeking reelection. “America’s Credit Unions is committed to our advocacy efforts on behalf of credit unions and the members they serve,” stated President/CEO Jim Nussle. “As the general election cycle unfolds and changes emerge, our engagement with elected officials and candidates …

World Credit Union Conference kicks off in Boston ([link removed] )

The 2024 World Credit Union Conference (WCUC) kicked off Sunday in Boston, hosted jointly by America’s Credit Unions and the World Council of Credit Unions. Attendees come from 69 different countries, the first WCUC held in America since 2015. America’s Credit Unions Transition Board chair—and Chartway Credit Union President/CEO—Brian Schools welcomed attendees from the main …

Agencies request comment on updated AML/CFT requirements ([link removed] )

The NCUA and other federal financial regulators requested comment on a proposal to update requirements for supervised institutions to establish, implement, and maintain effective, risk-based, and reasonably designed anti-money laundering and countering the financing of terrorism (AML/CFT) programs. The amendments are intended to align with changes concurrently proposed by the Financial Crimes Enforcement Network (FinCEN), …

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