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 credit union marked its 50th anniversary with a board/employee reception, a champagne toast and plaque presentations from the League and CUNA. CEO Ken Zagrocki comments in this story.
A group of 11 representatives of one of Ecuador's largest credit unions traveled to Indiana to learn about the American credit union business. League President John McKenzie comments.
Credit unions now rank among the highest-yielding deposit accounts. CUNA vice president of economics and statistics Mike Schenk predicts that things will get even better for credit union members when the Federal Reserve begins to raise interest rates. "When market interest rates go up, more than likely credit union earnings will likewise go up and they will have more to return to their members," predicts Schenk.
CUNA and the ICBA sent a joint letter to CFPB Director Richard Cordray expressing serious concerns regarding the bureau's proposed payday lending rule. In the letter, both trade groups made it clear that the proposal would "curtail or eliminate existing products and remove incentives to innovate or develop new consumer-friendly, short-term products and small dollar loans." The letter was also highlighted in the CFPB Monitor.
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