More than half (52%) of credit union CEOs are female, according to CUNA research, compared with only 5% of commercial bank and 6% of Fortune 500 CEOs, according to CUNA research into CEO gender at financial institutions.
House Republicans conducted leadership elections Wednesday, and. Rep. Kevin McCarthy (R-Calif.) was named House Minority Leader. House Democrats are expected to conduct their leadership elections in late November.
Once again credit unions, their members, and staff are dealing with the impact of another round of devastating fires in both Southern and Northern California, the California and Nevada Credit Union League reports.
Registration is still open for Wednesday’s free webinar on CUNA’s Awareness Initiative, which will delve deeper into the “Open Your Eyes” campaign, with a look at the brand platform and a portfolio of consumer-facing materials.
Both chambers of Congress have returned to Washington, D.C. this week to start the final weeks of the 116th Congress. CUNA plans to pursue several advocacy priorities, as well as outreach to newly elected members of Congress.
CUNA, in conjunction with NASCUS, conducted its annual BSA Conference last week, providing nearly 300 attendees with the latest information on BSA, anti-money laundering and Office of Foreign Assets Control compliance issues.
CUNA attended Friday’s Faster Payments Town Hall meeting in Minneapolis, part of a series of town halls on the topic. CUNA has expressed to the Fed that the increased fraud opportunity a problem with a real-time payment system.
CUNA is continuing its advocacy with lawmakers to secure a fix for an excise tax contained in the Tax Cuts and Jobs Act of 2017, which requires tax-exempt entities to pay a 21% excise tax on certain employee compensation.
Nominations are now being accepted for eight open director positions on CUNA’s board of directors. Directors elected will take office upon the adjournment of CUNA's Annual General Meeting during the CUNA Governmental Affairs Conference.