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In the Media
June 2-16, 2015
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
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Indiana Credit Unions in the Media
Source: Credit union submissions and Internet news reports. Some stories may require passwords for access.
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WTTV CBS4 - 6/10/2015
FORUM CU's Andy Mattingly appears on the Indianapolis CBS station's "4 Your Money" segment.
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LaPorte County Life - 6/8/2015
The credit union held a plant sale to raise funds for their community partner, Open Door Adolescent Health Center, which is located inside Michigan City High School.
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Courier & Press - 6/8/2015
Evansville Teachers FCU's Mark Winchester has been hired and Aaron Veech has been promoted.
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Courier & Press - 6/5/2015
Perfect Circle CU President Lisa Dykhoff and her husband have started a shrimp farm. (Password/subscription required).
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The Flyer Group - 6/3/2015
Indiana Members Foundation will be holding a golf outing later thismonth.
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South Bend Tribune - by Heidi Prescott 6/2/2015
This story features information about Taper Lock CU's new office. President/CEO Jonette Thomson comments.
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Inside Indiana Business - 6/2/2015
Sven Leander (pictured) has been promoted at the credit union.
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National and Wide-Reaching Coverage
Source: Credit Union National Association and other national sources. Some stories may require passwords for access.
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We Live Security - by Lisa Myers 6/11/2015
Credit union members receive emails regarding recent data breaches and explains the costs associated to consumers, credit unions, and retail merchants. The messages urge members to take action and tell their representatives to support,the Data Security Act of 2015, a new data security bill to better protect consumers.
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The Hill - by Jim Nussle 6/8/2015
Retailers need to be held at the same level of responsibility as those who issue cards to consumers when it comes to data breaches. This is what exactly what Reps. Randy Neugebauer and John Carney propose in the Data Security Act of 2015. CUNA president and CEO Jim Nussle voices his support explaining that "with data breaches continuing to happen left and right, we need a bill that would establish a national data security standard."
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Credit Cards - by Sienna Kossman 6/5/2015
According to the Federal Reserve, credit card balances rose to nearly $9 billion in April and the consumer debt increased to nearly $3.38 trillion, representing short-term credit obligations. This is good news for the future of the credit industry, according to CUNA vice president of economics and statistics, Mike Schenk. "If you look back historically, you not only see solid gains, but you see an increase in consumer credit accumulation. It's a pretty consistent picture of the sector gaining momentum over time."
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The Motley Fool - by John Maxfield 6/7/2015
If you've ever wondered about the difference between a credit union and a bank, then rest assured that you're in good company. Because these two types of financial services companies do largely the same things -- that is, take deposits and make loans -- their differences aren't immediately apparent. Let's go over four of the biggest distinguishing characteristics between the two.
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Housingwire - by Trey Garrison 6/3/2015
The Consumer Financial Protection Bureau announced a grace period for the TILA-RESPA Integrated Disclosure requirements,beginning August 1. "I thank CFPB Director Cordray for listening to the requests of CUNA, Congress and others in our call for a safe harbor period through the end of the year for the enforcement of the TRID rule," said CUNA president and CEO Jim Nussle. This grace period will allow credit unions more time to prepare, without any distractions from enforcement.
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The Des Moines Register - by Jim Nussle 6/2/2015
As a former member of Congress for Iowa, CUNA president and CEO Jim Nussle knows that credit unions work for and benefit Iowans. Nussle rebuts bank attacks on the credit union tax status and states that credit unions benefit all - members and nonmembers alike.
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