Author name: America's Credit Unions

America’s Credit Unions President/CEO Jim Nussle wrote to the Senate Banking Subcommittee on Housing, Transportation, and Community Development ahead of today’s hearing on the usage of AI in the housing industry to offer the credit union perspective on the topic.  “From member service interactions to AI chat-bots to mortgage origination – credit unions are seeing …

Nussle provides credit union perspectives, concerns on AI usage   Read More »

Credit unions can and should play an important role in implementing the new Greenhouse Gas Reduction Fund (GGRF), America’s Credit Unions wrote a House Energy and Commerce subcommittee Tuesday. The GGRF is a $27 billion competitive grant program to support the capacity of community development financial institutions (CDFIs), minority depository institutions, credit unions, and others …

Credit unions positioned to deploy GGRF grants in communities Read More »

Rep. Angie Craig, D-Minn., Tuesday spoke on the House floor about the role credit unions play in their communities. “As not-for-profit, member-owned financial institutions, credit unions work every day to improve the financial well-being of American households and communities,” Craig said. She highlighted the work of the 86 chartered credit unions in Minnesota, noting it …

Rep. Craig highlights credit union difference on House floor Read More »

FedNow, the Federal Reserve’s instant payment system, last week profiled HawaiiUSA Federal Credit Union and the impact of instant payments on credit unions and their members.  In the profile, HawaiiUSA Federal Credit Union Vice President of Payment Operations Scott Young noted that, in his experience, FedNow has “leveled the playing field,” including by offering “the …

FedNow spotlights use by credit unions  Read More »

The University of Wisconsin-Madison’s Center for Cooperatives and Northeastern University’s D’Amore-McKim School of Business joined America’s Credit Unions Friday for a workshop highlighting academic analysis on the credit union difference. The workshop also featured a policy panel of industry leaders, featuring America’s Credit Unions’ Mike Schenk. “Events like this encourage academic research into credit union …

Workshop examines academic research on credit union difference Read More »

This week, America’s Credit Unions will engage with several hearings of note in both the House and Senate on various topics of interest for the industry.  Wednesday, America’s Credit Unions will monitor a House Financial Services Subcommittee on Financial Institutions and Monetary Policy hearing evaluating federal banking proposals under the Biden Administration.  There are also …

This week: America’s Credit Unions voices industry priorities with Congress Read More »