Nussle Report: Groundbreaking week for America’s Credit Unions

This week we officially broke ground on America’s Credit Unions, your united, powerful national trade association. Staff met under our new, inspiring America’s Credit Unions logo, and the days were filled with fantastic energy and positive conversations.

We’re excited about what we’re doing, and what we get to do together for the credit union movement.

Our temporary website launched with an overview of how we’re going to advocate for and advance policies that allow credit unions to thrive. The website also features: 

• The Compliance Blog and how you can continue to access needed resources; 

• The 2024 event lineup; and 

• The latest news and updates.

As our teams come together and transformation work really gets underway, I pledge we will remain focused on delivering impact for you, our members. You’ll see our team on Capitol Hill next week as Congress returns to make sure they know who America’s Credit Unions is and what we stand for.

We’ll also remain transparent and responsive throughout the transformation process, and I ask you to hold us accountable to the standards you expect.  

America’s Credit Unions Transition Board meets

The America’s Credit Unions Transition Board of Directors met this week, our first official meeting since the new organization launched Jan. 1. The board made committee assignments, approved a supplemental budget to support transformation efforts, and approved the America’s Credit Unions Bylaws, among other business items.

Read more about the board meeting

Follow us on social media

America’s Credit Unions has launched our social media channels, you can find news and information on our advocacy work, ongoing transformation, resources for you, and much more. Follow us on LinkedIn, X, Facebook, Instagram, and YouTube to stay connected to the latest on our movement and your national trade association.

CFPB failing to follow law with upcoming proposals

America’s Credit Unions joined other financial services trade organizations to write to the CFPB on overdraft and nonsufficient funds fees. The bureau’s latest rulemaking agenda indicates activity in these areas, but should the CFPB fail to follow statute and conduct a Small Business Regulatory Enforcement Act review, these rulemaking efforts would run counter to congressional intent and negatively impact access to affordable services for millions.

Read the letter here

More from 360-degree advocacy

• We joined financial services trade organizations calling for a delay and changes to the CFPB’s proposal on section 1033 of Dodd-Frank.

• Rep. Blaine Luetkemeyer, R-Mo., a longtime supporter of credit union-sought reforms to the CFPB, announced he will not seek re-election.