America’s Credit Unions Calls on NCUA to Reduce Operational Expenses Related to Travel
America’s Credit Unions is calling on the NCUA to keep a tighter rein on its travel expenses, one step in ensuring the NCUA is a “prudent steward of credit unions’ funds”. CUSO Magazine’s Esteban Camargo reports.
Credit Union Supported Bill Passes Senate
Over the weekend, the Senate passed the Homebuyers Privacy Protection Act, a credit union-supported bill, aimed at stopping the practice of trigger leads, Emily Claus reports.
Federal Judge Reinstates Fired NCUA Board Members Harper and Otsuka
In a win for NCUA’s independence, a US District Judge has ruled that the President overstepped his authority in firing NCUA Board Members Tanya Otsuka and Todd Harper in April of this year, ordering that they be reinstated to their positions immediately, reports Emily Claus.
Credit Unions Secure Tax Exemption Status
After months of relentless efforts, credit unions have managed to secure the safety of the tax-exemption status, now that the budget reconciliation bill has officially been signed into law, reports Emily Claus.
Budget Reconciliation Bill Advancement is a Positive Sign for Credit Union Tax Exemption
The House Budget Committee advanced the budget reconciliation bill to the House Rules Committee, still without language affecting credit unions’ tax exempt status. Esteban Camargo reports on the vote and what comes next as credit unions watch with bated breath.
Proposed Budget Cuts Would Slash CDFI Discretionary Awards
The FY2026 budget proposal from President Trump would eliminate the Community Development Financial Institution Fund’s discretionary awards and require the CDFI Fund to allocate 60 percent of loans and investments to rural communities, reports Esteban Camargo.
Trump Fires Democrat NCUA Board Members Todd Harper and Tanya Otsuka
Late Tuesday evening, President Trump fired two of the three NCUA board members—Democrats Todd Harper and Tanya Otsuka—years before their terms were set to expire, leaving Board Chair, Republican Kyle Hauptman, the sole remaining board member. Emily Claus reports.
America’s Credit Unions CEO and President Jim Nussle Announces Intention to Retire
Just one month after the Governmental Affairs Conference, America’s Credit Unions President and CEO Jim Nussle has announced his intention to retire from the organization in the coming months, Emily Claus reports.
Credit Unions and Politicians React to Trump’s Executive Order Targeting CDFIs
A March 14 Executive Order targeting the Community Development Financial Institutions Fund has left the credit union and banking industry gathering support from a growing list of bipartisan lawmakers who support the Fund and its importance in serving under- and unbanked communities, reports Esteban Camargo.
Key Takeaways from the 2025 Governmental Affairs Conference
Now that we’ve had some time to process everything that went down at the Governmental Affairs Conference in D.C. last week, Emily Claus is back to cover the key takeaways from the conference and what the most pressing matters facing credit unions are.
