Jim Nussle

Nussle: After election, time for CUs to come together

November 4, 2020

It’s time for credit unions to come together, CUNA President/CEO Jim Nussle wrote in CUInsight Wednesday morning as election results came in. Noting credit unions made an impact on the incoming Congress, Nussle said credit unions’ political work is fundamental to advocacy efforts.

“CUNA, Leagues, and credit unions invested $7 million throughout this election cycle to support credit union champions. In over 400 races, more than 40 of which were open seats, credit unions have seen a 90% success rate among races called as of this writing,” he wrote. “Holding more than 425 meetings with candidates this year, CUNA and the Leagues have worked hard to identify and support champions of not-for-profit financial cooperatives. We launched nearly a dozen independent expenditures and partisan communications to support candidates from both sides of the aisle who faced difficult challenges.

“These efforts represent the CUNA-League partnership at its best and it makes a difference for credit unions; they have been there for us when we needed them, and we are there for them now,” Nussle added.

He also praised credit union efforts getting members to the polls, including through the use of CUNA’s website.

“There’s a reason for all of this. Credit union members need champions regardless of who holds the White House or which party controls a chamber of Congress,” Nussle wrote, adding that the next Congress is likely to consider policies that affect credit unions, particularly with the costs of the ongoing pandemic.

“So, while we come together to congratulate these new credit union champions on their victories, let’s also come together to continue advocating for the credit union system; to advance our communities through our daily service as well as our industry-leading advocacy,” he said.