Credit Union National Association (CUNA) announced the appointment of Clement Abonyi Jr. as its newest Director of Advocacy. Abonyi will help manage the association’s relationships with Democrats on a variety of key advocacy issues in his role at CUNA.
Sen. Debbie Stabenow, D-Mich., announced Thursday she will not seek re-election in 2024. Stabenow—who has served in the Senate since 2001—has been a strong supporter of the credit union tax status and other credit union priorities.
CUNA and other organizations wrote to House Financial Services Committee, Senate Banking, Housing, and Urban Development Committee, and Community Development Finance caucus leaders Tuesday with grave concerns over the proposed new Community Development Financial Institution (CDFI) certification application.
Credit Union Magazine’s Summer 2023 issue highlights the lending outlook for the rest of the year, how credit unions leverage fintech companies to boost digital lending, the power of lending partnerships, common Bank Secrecy Act violations, and the shift board members must make when becoming chair.