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.
CUNA president/CEO Jim Nussle joins Consumer Bankers Association president/CEO Richard Hunt, Independent Community Bankers of America president/CEO Cam Fine and National Association of Federal Credit Unions president/CEO Dan Berger in support of repealing the Durbin Amendment. The leaders argue that since 2011, the Durbin Amendment has failed to accomplish what it was originally set out to do - pass along revenue to consumers in the form of lower prices. Instead, retailers have profited an extra $36 billion in revenue.
Jim Nussle recognizes June 15 as World Elder Abuse Awareness Day and explains how credit unions are on the front lines protecting seniors from financial fraudsters. As defenders, credit union staff are always on alert to any changes in elderly members' financial activity and behavior. And as part of their mission, credit unions educate their members and families on the warning signs of financial abuse. According to the National Elder Abuse Center, around 5 million seniors fall victim to elder abuse each year; 1 in 8 of those cases are related to finances.
House Speaker Paul Ryan (R-WI) cited CUNA's regulatory burden study in a paper released this week regarding the US economy (see page 6 of the policy paper). Speaker Ryan discussed the negative implications Dodd-Frank has had on America's credit unions by explaining the loss of competition and quality of people's choices.
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