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.
Grants have been made from the NCUA to 309 credit unions to expand services to underserved communities, train staff, improve cybersecurity and provide students with work experience. There were eight Indiana credit unions that received grants: Del Met FCU, Harvester Financial CU, Indiana Heartland FCU, Indiana State University FCU, Mt. Zion Indianapolis FCU, Natco CU, Notre Dame FCU, ProFinance FCU.
This article mentions that Sen. Joe Donnelly led a bipartisan coalition of 70 senators in urging the CFPB to tailor its financial rules to match the role of community banks and credit unions to ensure that credit unions and community banks are not unduly burdened by compliance. The article also mentions that the League was supportive of Sen. Donnelly's efforts.
Forbes looks into what makes a credit union different from other financial institutions. As not-for-profit, cooperative financial institutions, credit unions are able to return earnings back to their members, unlike other financial institutions. In addition, consumers usually find that credit unions offer better account terms, lower interest rates and fewer fees compared to for-profit financial institutions.
Keep up with information from the League
Messages that the League sends to Managers/CEOs at affiliated credit unions area archived on the League's website (password protected), and they are shared in the weekly League Link email, which is sent to affiliates on Fridays. Send your contact information to Kay Neidlinger if you want to receive League Link, or check the website to keep up with the latest information from the Indiana Credit Union League.
