Sens. Tim Scott (R-S.C.) and Catherine Cortez Masto (D-Nev.) announced a CUNA-supported bill Wednesday that would raise federal credit union loan maturity limits on non-mortgage loans from 15 to 20 years. This is the fourth charter modernization bill introduced this week during CUNAGAC.

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 more 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.