WASHINGTON (1/4/16)--Two of the biggest reasons for credit unions to embrace dual membership with Cornerstone Credit Union League and Credit Union National Association (CUNA), the league told its members recently, are advocacy and compliance.
"Those two aspects of affiliation provide the most vital benefits when taken together, but risk detrimental consequences when credit unions choose affiliation with only one or the other," Cornerstone wrote in a Dec. 28 article.
The league emphasized that interdependence--a term also used by CUNA President/CEO Jim Nussle--describes "how these two workhorses keep the credit union movement progressing into a future of minimized regulatory burdens instead of getting squashed under the wheels of the powerful bankers lobby."
The article also reminded that while federal advocacy and compliance issues make for bigger headlines, state and local laws can sometimes have an even bigger impact on credit union operations.
"It's this interdependence that ensures credit union interests are strategically addressed at state and federal levels simultaneously, not separately," the league underscored.
Click here to read Cornerstone's complete statements about the value of dual CUNA-league membership.