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 League and credit unions were represented at the first annual Cooperative Business Showcase at the Indiana Statehouse. President John McKenzie is quoted.
Eight employees have been promoted at INOVA FCU: Lisa Adams, Shelly Crawford, Michael Fewell, Claire Kellems, Joe Messenger, Melody Neagu, Michelle Riddle and Kerie Sekal.
Bank and credit union advocates rallied together to push back against FASB's Current Expected Credit Loss proposal. The controversial accounting plan would greatly alter when financial institutions set aside funds to reserve against loan losses. CUNA chief advocacy officer Ryan Donovan worked with ICBA to encourage lawmakers to weigh in and said he "hope[s] FASB will take their concerns into consideration as it moves forward." (Password/subscription required.)
Credit union membership is on the rise thanks to broader eligibility requirements and greater awareness, explains CUNA chief policy officer Bill Hampel. Over the years, credit unions have extended membership eligibility in order to make it easier to join.
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