David Baumann of the Washington CU Daily reports that the Independent Community Bankers of America and the American Bankers Association have criticized the National Credit Union Administration for a final rule allowing low-income, complex and new credit unions to issue subordinated debt.
As we celebrate this holiday season, Chip Filson reminds us that doing good is very hard, but ultimately worth it. Sustained vision is difficult to maintain, but it’s not impossible and we have an obligation to our founding principles to fight for that vision.
Chip Filson says an often overlooked element of the credit union model is the trust and involvement of regular member-owners in their credit union. By placing more trust in the member-owner, we are strengthening our credit unions, not burdening them.
Coronavirus is affecting members’ lives far and wide. CUSO Mag Editor Esteban Camargo reminds credit unions they’ve been in the position of providing emergency assistance before, and provides some suggestions for those looking to help.
CU*Answers’ Communi7y Crew recently led a backpack drive in which members of the cooperative CUSO filled empty backpacks with needed clothes and accessories for children entering a new foster home.
We continue from part 1 of our History of Credit Unions series by following credit unions from their origins in Europe to how they got their start in Canada and eventually the United States. Who lead the way? Find out here!