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 Director / INOVA FCU CEO Dallas Bergl and his co-chair for Vibrant Communities wrote a collaborative letter about the Vibrant Communities initiative in Elkhart County.
WTTV CBS 4 - by Marianne Lyles and Tim Doty 1/13/2016
Credit unions did not cause the 2008 financial crisis. Yet, the CFPB continues to uphold them to the same standard of regulatory burden as big banks - the real culprits of the economic downfall. CUNA chief advocacy officer Ryan Donovan predicts fewer credit unions will be able to offer alternative small dollar loans to consumers as the number of regulatory burdens, requirements and rules continue to grow. It's time for the CFPB to start exempting credit unions from rules designed to reign in big banks.
This week the House Financial Services Committee presented more evidence regarding the harmful effects of Dodd-Frank on Main Street. In a non-partisan report from the Government Accountability Office, it was indicated how increased compliance burdens have made lending activities more difficult. CUNA issued a statement on the GAO's report saying, "It is our hope that Congress will thoroughly investigate the costs of regulatory burden as the full picture unfolds and more regulatory requirements become effective."
Make plans to attend the League's 2016 Legislative Affairs Forum
2016 is shaping up to be a big year in politics, with elections all over the map from the presidency on down. Join the League and credit unions from across Indiana at the League's Legislative Affairs Forum on Feb. 8 to learn more about the legislative landscape for credit unions. U.S. Congresswoman Jackie Walorski (R-2) will be there to provide an update from Congress, and there will be a reception where you can interact with members of the Indiana General Assembly. Details about the event -- including registration links -- are on the League website. Submit your registration today!
