The time has come for credit unions and their members nationwide to take action to protect credit unions, reduce regulatory burdens, and prepare for the future, Bill Cheney, CUNA president/CEO, told attendees this morning in his opening remarks at the 2013 America's Credit Union Conference (ACUC).
The ACUC started Sunday and runs through Wednesday in New York City.
"Credit unions have done a tremendous job responding to and recovering from the financial crisis," Cheney said.
More than 700,000 net new members have joined credit unions in the first three months of this year, he noted.
Three key initiatives are underway to help credit unions thrive in the future: Unite for Good, Don't Tax My Credit Union and Plan to Win, Cheney told 1,200 conference attendees.
The "Don't Tax My Credit Union" national campaign has taken credit unions from defending the tax exemption to advocating for it, Cheney said.
With help from the credit union industry, millions of Americans will support credit unions, flock to them, and make them successful in the future, Cheney concluded.
Be sure to visit News Nowand Credit Union Magazinefrequently this week to keep up with all the ACUC action in New York City. You can also follow ACUC on Twitter using the links below:
The subject of dividends has come up in a number of questions to CUNA’s compliance staff recently, making this a good time to address questions with the NCUA’s Truth in Savings Regulation (12 CFR 707).
The CFPB is expected to release its proposal on debt collection in conjunction with a July 28 field hearing in Sacramento, Calif. CUNA has met with the bureau a number of times to address the forthcoming rulemaking.