This collection of positive news about credit unions and their activities is assembled from a variety of sources on the Internet and from credit union submissions. Note: links used here are external and the League does not control their expiration dates.
To share news from your Indiana credit union: send story links to Kay Neidlinger. You can also read more about credit union's community service efforts--and contribute information at the Commitment to Change website
Indiana Credit Unions in the Media
Source: Credit union submissions and Internet news reports. Some stories may require passwords for access.
Beacon CU and the Century Career Center in Logansport partnered on a financial literacy program called Banzai, which teaches students how to best structure finances. The credit union covers the cost of the program so it's free for schools that want to participate. (Password/subscription required)
CUNA's Jim Nussle wrote, "We want to work with the Congress to remove regulatory barriers. If these barriers are removed, the impact that credit unions have on the financial lives of their members will be that much more significant and the economic contribution credit unions and their members make will be that much greater."
CUNA is backing legislation introduced in the Senate by Sens. Jerry Moran (R-Kan.) and Heidi Heitkamp (D-N.D.) that would reduce how often credit unions must send privacy notices to customers. "The fact is that an annual privacy notice requirement is unnecessary, costly and confusing to our members," CUNA President and CEO Jim Nussle said.
The Credit Union National Association's estimates show that credit union membership expanded by 3.6%-the highest calendar year growth in membership since the 3.7% increase in 1994.
In addition to seeing their membership numbers cross the 100 million mark, U.S. credit unions reported another major milestone in 2014: their fastest annual membership growth rate in 20 years.
Yahoo! Finance - by Sienna Kossman of CreditCards.com 2/6/2015
"About 1 million jobs have been created in the past three months and that's the fastest three-month gain since 1997," said CUNA's Mike Schenk on the January employment numbers. Additionally, Schenk discussed consumer behavior to accompany economic growth, stating, "Consumer confidence has been rising and rising at pretty healthy rates over the last couple months, but I think we are just getting to the point where people are comfortable with the idea that this growth is sustainable and will probably have positive effects on their lives."
