While recent bank closures are troubling, credit unions remain healthy, Maine Credit Union League President/CEO Todd Mason toldMaine Business Journal this week, adding that he believes credit unions are the safest places for small business and entrepreneurs.
Risks borne by recently collapsed banks should not be paid for by credit unions that serve communities across our country, CUNA wrote to the House Financial Services Committee for its hearing on recent bank collapses.
Credit unions did not cause the collapse of one of the largest regional banks in the country and should not face more federal regulation or increased fees due to these banks’ actions, CUNA wrote to the Senate Banking Committee in advance of its hearing on recent bank collapses.
Iowa Credit Union League President/CEO Murray Williams reminded Iowans their money is safe and secure in a credit union in the Des Moines Register this week. Responding to recent bank collapses, Williams also noted that increasing financial well-being is at the core of credit unions' social mission.
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.
The credit union difference makes a secure financial option for consumers, CUNA Deputy Chief Advocacy Officer wrote to all 535 Congressional offices Tuesday, and it helps improve the financial well-being of members and communities.
The Winter 2023 issue of Credit Union Magazine explores award-winning marketing, board training on a budget, developments in instant payments, service to small businesses, and NCUA’s final rule on member expulsion.