Author name: America's Credit Unions

America’s Credit Unions President/CEO Jim Nussle urged the House Financial Services Subcommittee on Financial Institutions and Monetary Policy to ensure credit unions continue to have access to liquidity via multiple channels in a letter sent ahead of the subcommittee’s hearing on the Federal Reserve’s emergency lending.  In the letter, Nussle noted credit unions typically get …

Congress should support, examine efforts to improve access to liquidity Read More »

Rep. Seth Magaziner, D-R.I., thanked credit unions for playing a crucial role for businesses and members around the country on the House floor Wednesday. Magaziner, a credit union champion dating back to his time working for the state of Rhode Island, said he looks forward to continuing that support in Congress. “Credit unions are legally …

Rep. Magaziner: Credit unions play ‘crucial role’ Read More »

Ahead of today’s hearing to examine potential regulatory overreach by the Department of Labor (DOL), America’s Credit Unions President/CEO Jim Nussle wrote to a House on Education and Workforce subcommittee to provide the credit union perspective on the DOL’s proposed rulemaking redefining who is an investment advice fiduciary for purposes of the Employee Retirement Income …

DOL’s proposed fiduciary duty rule could have negative impact on credit unions  Read More »

The Department of Veterans Affairs (VA) Home Loan Program needs an upgrade to help ensure veterans can stay in their homes, America’s Credit Unions and the Defense Credit Union Council wrote to a House Veterans Affairs subcommittee Wednesday ahead of its hearing on the program. The program provides a home loan guaranty benefit and other …

Additional resources, loss mitigation tools would help VA Loan Program Read More »

Former Rep. Tom Suozzi, D-N.Y., won election to Congress Tuesday, defeating Republican challenger Mazi Pilip to represent New York’s 3rd Congressional District. The seat was left open by the expulsion of former Rep. George Santos, R-N.Y. Suozzi supported credit unions during his previous time in Congress from 2017 to 2023 , and was supported in Tuesday’s …

Credit union backed Suozzi wins N.Y. special election Read More »