League's CEO Summit Welcomes CUNA's Jim Nussle for Discussion on Federal Advocacy Issues, Proposed Merger Between CUNA, NAFCU

League President/CEO Carrie Hunt and CUNA President/CEO Jim Nussle had a wide-ranging discussion today on host of federal advocacy issues and the proposed merger between CUNA and NAFCU. 

The League today welcomed CUNA President/CEO Jim Nussle to the CEO Summit to discuss a host of pressing federal advocacy issues, including interchange, as well as the proposed CUNA/NAFCU merger.

Nussle noted the challenges credit unions face on both the legislative and regulatory fronts at the federal level, with interchange, various attacks on non-interest income, proposals to cap various interest rates, data security and privacy, and credit unions’ growing regulatory burden leading a long list of concerns.

Regarding the merger, Nussle reminded credit unions of the resources (CUNA and NAFCU) available to credit unions outlining the merger’s details, including a proposed dues schedule. Member credit unions can vote on the proposed merger until Nov. 1, 5 p.m. EST.

“I support this merger and the opportunity it brings to leverage the strengths of both CUNA and NAFCU into a single organization,” said League President/CEO Carrie Hunt. “We wanted to provide Virginia’s credit unions with a forum to discuss the merger and its implications, given the important role the new America’s Credit Unions trade association will play in our advocacy efforts should the merger win approval from member credit unions.”