September, 2024 - America's Credit Unions

All credit union-supported candidates win their races in nation’s final primaries

News / September 12, 2024 / elections / 1 minute of reading

The Delaware, New Hampshire, and Rhode Island primary elections brought wins for all credit union-backed candidates Tuesday. There were six candidates supported by the America’s Credit Unions PAC and the Cooperative Credit Union Association, including: These were the final primaries of the 2024 cycle, with credit union supporters winning 326 of 329 races. Complete state-by-state results are …

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Inquiries, Applications & Regulation B

Compliance / September 12, 2024 / regulation b / 3 minutes of reading

When does a member’s inquiry about the credit union’s lending products become an “application,” triggering compliance with Regulation B’s adverse action notice provisions? Inquiring minds want to know, as we often receive questions from credit unions regarding these requirements. Regulation B requires a credit union to notify an applicant of the action taken within 30 …

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CPI rose 0.2% in August, same rate of increase as July

News / September 12, 2024 / economy / 1 minute of reading

The August consumer price index increased 0.2% in August, the same increase as in July, the U.S. Bureau of Labor Statistics reported Wednesday. “August’s Consumer Price Index (CPI) report offers further evidence that inflation is moving toward FOMC’s target. The annualized three-month average for core CPI stands at 2.1%, despite the disproportionately high contribution from …

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Nussle: Stories ‘get you in the door,’ data ‘leaves an impression’

News / September 11, 2024 / caucus / 2 minutes of reading

It takes work for credit union advocacy to stand out among all the other groups lobbying Congress, America’s Credit Unions President/CEO Jim Nussle told attendees at the 2024 Congressional Caucus Tuesday. Nussle, who served in Congress from 1991 to 2007—including stints chairing the House Budget Committee—shared the visits that had the most impact on him …

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Credit union tax status is key to member service, must be protected, Hunt tells Caucus

News / September 11, 2024 / caucus / 2 minutes of reading

The credit union tax status is the key to a better financial life for 140 million Americas—and many more in the future—America’s Credit Unions Chief Advocacy Officer Carrie Hunt told Congressional Caucus Tuesday, and credit unions must be relentless in its defense. “For us, the strongest defense is a good offense, and there is a …

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Interchange advocacy must rely on price control data, education

News / September 11, 2024 / caucus / 3 minutes of reading

Direct engagement and detailed data on the effect of interchange price controls are the foundation of continued advocacy against such caps. That’s what a panel focused on interchange efforts shared with attendees Tuesday at the 2024 Congressional Caucus. America’s Credit Unions Head of Regulatory Advocacy Ann Petros moderated, with America’s Credit Unions Director of Innovation …

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Members of Congress encourage engagement at home and D.C. to advance policy

News / September 11, 2024 / caucus / 3 minutes of reading

Several members of Congress addressed the America’s Credit Unions Congressional Caucus during its first two days in Washington, D.C., with more scheduled Wednesday. Sen. Jon Tester, D-Mont., said he would continue to bring some “Montana common sense” to Congress when it comes to proper regulations of community financial institutions. “The last thing folks like you …

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Credit unions connect face-to-face with policymakers during Caucus visits

News / September 11, 2024 / caucus / 1 minute of reading

Credit union advocates from around the country are hiking Capitol Hill as part of the 2024 Congressional Caucus, meeting directly with members of Congress as they return from the summer recess. Leagues and credit unions are hosting members of Congress and their staff during one-on-one meetings and group events, along with regulatory visits. Federal lawmakers …

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Engaged, educated staff and members crucial to credit union advocacy

News / September 11, 2024 / caucus / 3 minutes of reading

Activating members and staff in grassroots advocacy is a challenge faced by credit unions everywhere. Credit unions serving members in New Jersey, New York, Pennsylvania, and Texas shared their successful engagement efforts in breakout sessions led by America’s Credit Unions Head of Grassroots Andy Dennis during the 2024 Congressional Caucus Monday and Tuesday. Visions …

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Hunt: Credit unions remain focused on helping people prosper

News / September 11, 2024 / 2 minutes of reading

The impact of the credit union difference on more than 140 million Americans, and the work of America’s Credit Unions in support of the credit union industry’s success, is at the center of a new article in Bad Credit. Chief Advocacy Officer Carrie Hunt detailed why it’s important to present a unified voice and position …

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September 2024