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In the Media
Feb. 19 - 29, 2016
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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CU Insight - 2/29/2016
Indiana Members Credit Union contributes $930 to local school
The credit union recently presented a check to Zionsville Community High School.
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South Bend Tribune - 2/28/2016
Business People
Notre Dame FCU President/CEO Tom Gryp was named CEO Trailblazer of the Year by Credit Union Times. His picture also appears in this column. The announcement was made by the magazine on Feb. 21, and the story can be found here.
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Muncie Star Press - by Seth Slabaugh 2/26/2016
Food bank, anti-poverty group merge
Jeff Sikora, CEO of PrimeTrust FCU, is also chairman of Second Harvest Food Bank of East Central Indiana, an organization that announced a merger with another hunger-relief organization. Sikora comments for this story, and there is a video component that shows his remarks at a recent news conference.
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CU Insight - 2/25/2016
Heritage Federal Credit Union announces new digital solutions marketing manager
David Frey has joined the credit union staff. President/CEO Ruth Jenkins comments.
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Credit Union Journal - by Ian McKendry 2/24/2016
GAC Coverage: NCUA shows support for network credit union mergers
Speaking at the CUNA Governmental Affairs Conference, NCUA Vice Chairman Richard Metsger said giving credit unions the option to form a Network Credit Union was one of his 2016 priorities. Hoosier Hills CU President/CEO George McNichols is noted as "one of the masterminds behind the concept," and was interviewed for this story. His work with the League on the Network Credit Union initiative is mentioned.
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Valpolife.com - 2/24/2016
Purdue Federal Credit Union assists with $1 million Lilly match
The credit union was the first business to open a new community fund with Unity Foundation of LaPorte during the Lilly Endowment GIFT VI match program.
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WTTV CBS4 - by Marianne Lyles and Tim Doty 2/24/2016
Surviving a turbulent market
FORUM CU's Andy Mattingly appears on the Indianapolis CBS station's "4 Your Money" segment.
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Credit Union Journal - 2/23/2016
State Roundup 2016: Presidential Politics
Credit Union Journal asked each state league: How does a presidential election year change your political strategy, and does your league get involved in the presidential election, or do you remain focused on Congressional and local campaigns? The response from the Indiana League is on slide #12.
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Terre Haute Chamber of Commerce - 2/22/2016
Member News: Crane Credit Union expands services
The credit union recently voted to convert to a state charter, enabling it to have more flexible membership eligibility requirements, offer better service to existing members, attract new members and conduct business in more Indiana communities.
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CU Insight - 2/19/2016
Heritage Federal Credit Union announces new business development specialist
Jennie Bailey-Whitledge has joined the credit union staff. President/CEO Ruth Jenkins comments.
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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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American Banker - by Jim Nussle, Camden R. Fine, B. Dan Berger 2/24/2016
CUNA president/CEO Jim Nussle, ICBA president/CEO Camden R. Fine and NAFCU president/CEO B. Dan Berger call out merchants who have been pocketing revenue they gained due to the price controls on debit card costs. Merchants were supposed to pass along handouts from Congress to customers in the form of savings. However, recent data from a study conducted by the Federal Reserve Bank of Richmond and Phoenix Marketing International both conclude that merchants have failed to do this.
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The HILL - by Jim Nussle 2/22/2016
Regulatory burdens imposed by the Dodd-Frank Act are pushing America's credit unions to the brink of extinction, according to CUNA President/CEO Jim Nussle in an op-ed. The CFPB, created by the Dodd-Frank Act, was designed to rein in the big Wall Street banks for their role in the 2008 financial crisis. Instead, "it threw in innocent entities like credit unions and community banks that played no role in the financial crisis," stated Nussle. The total impact of regulatory burden for credit unions is $7.2 billion -- equivalent to an astonishing 80 percent of credit union industry earnings.
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CU Today - by Ryan Donovan 2/22/2016
CUNA Chief Advocacy Officer Ryan Donovan recommends several pieces of legislation that can ease the regulatory burden imposed on credit unions by the CFPB. In addition, Donovan advocates for the CFPB to be restructured as an independent financial product safety commission board, the way it was originally intended.
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Want to catch up on past "In the Media" emails?
Past editions of "In the Media" are archived on the League website here.
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