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.
The credit union is working on a Habitat House in Logansport. Employee Bridget Davis is pictured, and other staff members comment in the story (password/subscription required).
CUNA VP of Economics and Statistics Mike Schenk predicts that the days of ultra-cheap credit are numbered, hinting at an upcoming spike in rates in September. "[The economy] is a bit of a mixed bag on balance, but only modestly so," explains Schenk. Increased rates will come about when more improvements are made to the labor market and inflation moves back to 2% over the medium term.
Nussle expresses his frustration to The Washington Times on why they think it's bad to have The NCUA as their credit union regulator when they understand the industry. Nussle goes on to clarify the remarks made earlier regarding the 'risky large loans' credit unions conduct, when in reality, those risky large loans go to fund local businesses and are less than $250K - not so risky, are they?
CUNA President/CEO Jim Nussle swiftly responds to ABA Frank Keating's latest rant in The Hill's Congress Blog against credit unions including the accusation that NCUA is a "cheerleader" regulator. Nussle points out that the basis of the ABA's ire against credit unions is the tax status of credit unions and reminds Keating that banks remain for-profit entities and credit unions remain not-for-profit financial cooperatives. According to Nussle, "the credit unions have a prudent regulator." He points out that in 2014, "banks and other for-profit financial institutions have been fined billions of dollars for consumer abuses." "If anything," states Nussle, "Congress and the NCUA should be looking for more ways to remove the barriers that keep Americans from joining credit unions."
Rural Cooperatives Magazine - by Jim Nussle July/August 2015
Jim Nussle goes to bat for America's Credit Unions in the July/August edition of the Rural Cooperatives Magazine in the 'Organizations Serving Cooperatives' section. Nussle explains what a credit union is, the mission and work CUNA does for its credit unions and their members, and the different components within the association.
