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.
League Treasurer and INOVA FCU CEO Dallas Bergl and other members of a team of regional leaders presented an economic development plan called Innovate Indiana to state officials.
The credit union has partnered with Pacers Sports & Entertainment. Through the partnership, the credit union will provide financial literacy tools for youth and has received naming rights for the Pacers/Fever practice court. TCU's Rick Silvers speaks. (Announcement video is 9:29.)
CUNA president/CEO Jim Nussle says that the financial services industry is committed to driving innovation forward, constantly looking for ways to keep customers' information safe and secure. But we need merchant trade associations to stop trying to halt progress and instead work with us to help everyone - merchants, banks and networks - to implement a new and better solution that will protect consumers and reduce data breaches.
The Hill - by Jim Nussle, Frank Keating, Michelle L. Korsmo, Richard Hunt, Camden R. Fine and B. Dan Berger 9/30/2015
Jim Nussle and other trade leaders advocate for a bipartisan commission at the Consumer Financial Protection Bureau. Financial industry leaders believe having a bipartisan board would help ensure fairness and, most importantly, a stable form of leadership. The bureau was originally intended to be a bipartisan commission; however, it has been led by an appointed director.
CUNA and other trades submitted a joint letter to leaders of the Senate Banking Committee and Senate Majority Leader Mitch McConnell (R-KY) urging for regulatory relief.
Credit unions are still reeling from the Home Depot data breach that occurred a year ago. The breach hit credit unions hard and in a big way. CUNA chief policy officer Bill Hampel explains, "A $100,000 fraud loss to a large financial institution is nothing. But a lot of credit unions have annual net income that is less than $1 million. If you take a couple of big fraud hits, that's substantial for them."
