CUNA has continued to aggressively advocate for increased credit union member business lending authority as 2011 nears its end, with CUNA President/CEO Bill Cheney saying Congress should consider using all "available and sensible remedies," including an MBL cap increase, to increase accessibility of funding to small businesses. More
The Consumer Federation of America last week hailed credit unions for their "critical and irreplaceable" role in ensuring consumers have access to high quality and low-cost financial services. It also expressed support for maintaining credit unions' not-for-profit cooperative structure and preserving credit unions' tax-exempt status. More
Project Zip Code
Project Zip Code (PZC) a secure program that counts your credit union members and matches them by Congressional district and state legislative district for both the current and future districts your members will be voting for in 2012 is now available.
Your numbers are uploaded to CUNA’s Project Zip Code website and combined with data from credit unions nationwide. This data aids in federal and state advocacy efforts. With over 78 million members matched, we can accurately show the strength of the credit unions across the country.
In addition to grassroots advocacy, PZC helps credit unions better serve their members. By using the Queries and Reports functions of PZC, you can see where your membership lives by state, county and zip code. These functions allow credit unions to better track where their membership reside and is very useful in planning ATM expansion and shared branching.
Please take a few minutes to run PZC at your credit union. You can download the program to your desktop by visiting http://www.pzconline.com/install/ and clicking on the “Download Project Zip code 12.0”. On this site, you will also find a detailed User Manual to guide you through the installation.
Thank you for your participation in Project Zip Code!
CUNA President/CEO Bill Cheney told members of the House Financial Institutions Subcommittee on Tuesday that community-based institutions need to be able to "spend more time and resources serving their members or customers, and less time complying with burdensome regulations that have been the result of negligence and misdeeds perpetrated by the largest banks or unregulated financial services providers." Read More
The Federal Reserve should ensure that its interchange market surveys, which are still under development, collect the data needed to accurately reflect all costs associated with debit card programs and debit card transactions while limiting the reporting burden for the financial institutions, CUNA and other finance industry trades said in a recent letter to the Fed. Read More
The 700,000 in new members and $4.5 billion in new deposits that credit unions brought in the past month are "phenomenal," and this success, and the continued attention paid to credit unions, could signal a "Bank Transfer Season" that will last beyond Nov. 5's Bank Transfer Day, CUNA Chief Economist Bill Hampel said in a recent FoxNews.com online interview. Read More
Bank Transfer Day and the weeks leading up it brought credit unions about 700,000 new members. Now credit unions face the challenge of converting dissatisfied bank customers to long-term, productive members. Read More
When Bank Transfer Day arrives tomorrow, large banks could be susceptible to losing more of their customers to credit unions, according to The Harris Poll. Read More
While Bank of America and other big banks have dropped plans to charge monthly debit fees, consumers must be more vigilant for less transparent fees. Banks will be seeking to regain revenue lost from the new interchange rule and a stagnant economy, according to industry observers. Read More