CURRENT Newsletter | November 3, 2023

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League President/CEO Carrie Hunt Welcomes Opportunity to Advance Industry in Partnership with ‘America’s Credit Unions’

The Credit Union National Association and National Association of Federally Insured Credit Unions yesterday announced that member credit unions of both organizations overwhelmingly approved a merger of the two national trade associations.

The merger of the two organizations will lead to the formation of a new national trade association – America’s Credit Unions – no sooner than January 2024. Plans call for the new trade association to be fully operational by early 2025.

“The coming formation of a new national credit union trade association represents a singular opportunity to leverage the strengths of both CUNA and NAFCU in order to advance our industry,” said League President/CEO Carrie Hunt. “A single national trade association promises dues-paying credit unions operational efficiencies, economy of scale and a unified voice on the advocacy front.”

League President/CEO Carrie Hunt to Testify on NCUA Budget Proposal

League President/CEO Carrie Hunt will be among the industry stakeholders testifying on the NCUA’s proposed budget at a public hearing on Nov. 16. "It’s vitally important the industry remains engaged with NCUA on its budget priorities, with the goal of striking a balance between protecting against risk, while also fostering an environment of innovation that best positions credit unions to succeed,” said League President/CEO Carrie Hunt.

Regulatory Compliance Weekly Roundup: November 3, 2023

In this week's Weekly Roundup, we cover news from NCUA and its budget proposal for 20024-2025, plus this week's NCUA Diversity, Equity and Inclusion Seminar and the CFPB's 1071 Rule injunction.

League Showcases CU Service to Veterans Ahead of Senate Banking Hearing

Your League wrote Sen. Mark Warner on Wednesday to tout credit unions’ good work in supporting servicemembers, veterans and their families. In a letter sent ahead of Thursday’s Senate Banking Committee hearing on financial protections for servicemembers and veterans, the League asked Sen. Warner to remain mindful of credit unions’ continued commitment in this area. We also made note of legislation that would enable credit unions to lend more in support of veteran-owned small businesses.

Related: Trade Groups Urge Action on Veterans Members Business Loan Act

NCUA Vice Chair Kyle Hauptman, League’s Carrie Hunt Plan Nov. 8 Virtual Event on Regulation, Agency Issues

Credit unions: You’re invited to a special virtual event on Nov. 8 with National Credit Union Administration Vice Chairman Kyle Hauptman and League President/CEO Carrie Hunt. Join us for a candid conversation on the issues, regulations and challenges the agency is navigating, and their potential impact on credit unions.

Leadership, Communication Styles Seminar Set for Nov. 16

Join us on Nov. 16 for a seminar focused on leadership and communication, specifically “authentic leadership” and how best to use our personal strengths and communication skills in the workplace.