LAS VEGAS–There is about one week left for credit unions to vote on the proposed merger between the industry’s two largest trade groups, with CUNA CEO Jim Nussle here urging attendees at the California and Nevada League’s REACH Conference to vote in favor.
Nussle said he has had a few people “poke me in the chest” when it comes to the proposal for CUNA and NAFCU to merge to create a new group called “America’s Credit Unions,” and when they ask why they should vote in favor, Nussle said he offers these top five reasons:
- Advocacy. “Advocacy is one thing that can only be done by a national association. It can’t be done by a credit union or a league alone.”
- Creating a united voice. “We only have each other. If we’re not on the same song sheet or don’t believe in what we’re trying to achieve, it makes a pretty dissident sound. A united voice blends,” he said.
- Compliance. “Compliance is not going to be any easier going into the future. We need to have the best tools and resources available to us. That’s especially true for smaller CUs that don’t have the economies of scale.”
- Education. “We have so many people coming in. We are not just organically growing the future leaders of credit unions from credit unions themselves. Many great professionals are coming in from other industries.”
- Cooperative superpowers. “It’s about coming together and solving problems in ways credit unions do like nobody else, by sharing and cooperating. We concern ourselves with the future because our members are at the center of everything we do,” Nussle told the meeting.
Additional Issues
Nussle touched on several other issues, including saying credit unions need to do a better job of measuring the impact of the financial assistance they are providing. “How have we moved the needle on reducing debt, credit card exposure, savings?” Nussle asked, saying that data needs to be tracked.
Just Because It’s Autumn Doesn’t Mean Falling for Schemes to Overcharge You for CU Industry News. Instead, Try This Crisp Offer
The biggest, best and freshest news reporting in credit unions remains free! Each morning CUToday.info delivers its daily Fresh Today news update offering the latest headlines and breaking news right to your email, with the easy-to-read headlines format allowing you to click on the stories that interest you most in order to learn more. So stop paying those bank-fee-like subscription prices from other so-called “news”” publications!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties, and we will not be contacting you to sell you an extended warranty or sending you any links so you may cash in on an inheritance you didn’t know was coming.
And did we mention it’s free?