CUNA continued its push for the Federal Reserve to remove the monthly account transfer limit under Regulation D with a letter Monday. CUNA previously called for the removal of the limit to easier access to funds during the COVID-19 pandemic.
The economic impact of the COVID-19 outbreak will be felt for a long time, but credit unions are already working hard to help members meet financial needs, and will continue to do so, CUNA President/CEO Jim Nussle told the Washington Post this week.
CUNA President/CEO Jim Nussle discussed how credit unions are serving Americans affected by the COVID-19 pandemic on MSNBC Live Sunday night, comparing that response to a report that banks are tightening credit standards as a result of the outbreak.
Reps. Katie Porter (D-Calif.) and Mark Amodei (R-Nev.) introduced the latest bipartisan Federal Credit Union Act modernization bill Wednesday, which would modify the FCU Act requirement that credit union boards meet once a month to not less than six times per year.
Updating the federal credit union charter will help credit unions increase service to members and communities, CUNA President/CEO Jim Nussle wrote in CUToday Wednesday. Charter modernization is a top CUNA/League priority in 2020.
CUNA President/CEO Jim Nussle considered it “gob-smacking” that nothing might be done this year to address the growing need to protect consumers’ personal information in an op-ed appearing in The Hill Tuesday about the lack of Congressional action on data privacy and security.
Credit unions are part of wonderful stories about member service every day, but what are they doing with them, CUNA President/CEO Jim Nussle asks in CUInsight. It's more than local news hits and approval from the board.
Sen. Thom Tillis (R-N.C.) and Richard Burr (R-N.C.) introduced a credit union governance modernization bill Tuesday, the result of direct engagement between the legislators, CUNA and the Carolinas Credit Union League.