Author name: America's Credit Unions

Credit union witness urges Congress to weigh both benefits, burdens of AI policies

Using artificial intelligence (AI) is making a big impact in helping credit unions – like Great Lakes Credit Union (GLCU) – meet member needs with the same ability of larger financial institutions.  GLCU’s Chief Operating Officer Elizabeth Osborne testified Tuesday during the House Financial Services Committee hearing on financial services technology. Osborne spoke on behalf …

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Nussle calls on Congress to consider solutions that prevent fraud before it occurs

Ahead of the Senate Permanent Subcommittee on Investigations hearing Tuesday on protecting consumers from fraud via Zelle, America’s Credit Unions President/CEO Jim Nussle wrote a letter providing the credit union industry’s perspective. He reiterated how credit unions do everything possible to mitigate fraud.  “Today, the vast majority of transfers enabled by Zelle’s network are processed …

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Nussle: Credit unions ‘worth fighting for across every corner of the globe’

Credit unions’ future success depends on successful advocacy in every arena, America’s Credit Unions President/CEO Jim Nussle told the World Credit Union Conference (WCUC) Monday morning during his main stage address.  “Credit union advocacy is about repeating that great story in towns, regions, and countries around the world, then leveraging those successes into even more,” …

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Columns

Critical relief from the MBL cap needed for veterans

Legislation to expand business lending opportunities for veteran small business owners and veteran entrepreneurs will help the veteran community, wrote America’s Credit Unions President/CEO Jim Nussle ahead of a joint subcommittee hearing with the House Small Business Committee and House Veterans’ Affairs Committee. The hearing – scheduled for 10 a.m. Eastern – will examine the …

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This week: Credit union COO testifying on behalf of America’s Credit Unions 

This week, Congress is back in Washington with America’s Credit Unions engaging lawmakers on various industry priorities. That includes an America’s Credit Unions member testifying on behalf of the industry before the House Financial Services Committee.   Elizabeth Osborne, COO of Great Lakes Credit Union in Bannockburn, Ill., will provide the credit union perspective on …

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America’s Credit Unions addresses Biden campaign withdrawal

America’s Credit Unions released this statement following President Joe Biden’s decision to withdraw from seeking reelection. “America’s Credit Unions is committed to our advocacy efforts on behalf of credit unions and the members they serve,” stated President/CEO Jim Nussle. “As the general election cycle unfolds and changes emerge, our engagement with elected officials and candidates …

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World Credit Union Conference kicks off in Boston 

The 2024 World Credit Union Conference (WCUC) kicked off Sunday in Boston, hosted jointly by America’s Credit Unions and the World Council of Credit Unions. More than 2,500 are in attendance from 57 countries for the event, the first WCUC held in America since 2015.   America’s Credit Unions Transition Board chair—and Chartway Credit Union President/CEO—Brian …

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Agencies request comment on updated AML/CFT requirements  

The NCUA and other federal financial regulators requested comment on a proposal to update requirements for supervised institutions to establish, implement, and maintain effective, risk-based, and reasonably designed anti-money laundering and countering the financing of terrorism (AML/CFT) programs.   The amendments are intended to align with changes concurrently proposed by the Financial Crimes Enforcement Network (FinCEN), …

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