The Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155) is being wrongfully blamed by some for recent bank collapses, Montana's Credit Unions President/CEO Tracie Kenyon wrote in The Independent Record this week.
Recent bank collapses show the importance of where consumers choose to put their money, Dakota Credit Union Association President/CEO Jeff Olson wrote in The Bismarck Tribune this week.
League leaders continue to work to highlight the credit union difference, especially as consumers may be concerned about their finances after recent large bank collapses.
USAID and WOCCU's Economic Inclusion Project introduced a formal guide that will help the Peruvian financial sector identify types of assistance refugee and migrant populations need to access formal financial services and best practices to help facilitate financial inclusion.
The National Credit Union Foundation published a Philanthropy Toolkit detailing key partners at local, regional, national and international levels; insights derived through strategic philanthropy from across the credit union system; and step-by-step guides and checklists for establishing charitable programs or initiatives.
Total assets in federally insured credit unions rose by $108 billion, or 5.2%, to $2.17 trillion over the year ending in the fourth quarter of 2022, according to the latest financial performance data released by NCUA. Insured shares and deposits grew $50 billion, or 3.1%, to $1.68 trillion.
The National Credit Union Foundation (the Foundation) helped credit unions navigate the modern-day challenges of growing membership, managing risk, retaining talent and developing a mission-driven culture in 2022, according to its latest impact report.
Twenty-three credit union champions were inducted into the Credit Union House Hall of Leaders in honor of their significant contributions to the credit union industry and dedication to perpetuating the credit union mission and philosophy.
Paul Mercer, president of the Ohio Credit Union League, Lauren Whaley, president of the Carolinas Credit Union Foundation, were recognized with the 2023 Eugene H. Farley League Leadership Award by the American Association of Credit Union Leagues.