National Bankers Association’s Post

Visa, the Georgetown Law Centers & Institutes, and the National Bankers Association, the premier trade for the nation's Minority Depository Institutions, are hosting a private virtual Juneteenth event on June 18, 2024, from 10:00-11:10 AM ET. A recording of the event will be publicly posted on NBA and Visa platforms. Minority Depository Institutions (MDIs) provide financial services to minority, low-to-moderate income, and underserved communities. They are often the only branch presence in these communities. A recent Visa Economic Empowerment Institute (VEEI) study shows that low-income individuals served by MDIs are more likely to own a home than those served by traditional banks and credit unions. By helping them purchase and retain homes, MDIs play a critical role in the long-term wealth and financial stability of their customers and the communities they serve. Leveraging recent research by VEEI and the National Bankers Association, this event will explore MDIs' positive impacts on driving wealth creation via housing and how the public and private sectors can support them. #Banking, #Inclusion, #Equity

Visa, Georgetown University Law Center, and the National Bankers Association, the premier trade for the nation's Minority Depository Institutions, are hosting a private virtual Juneteenth event on June 18, 2024, from 10:00-11:10 AM ET. A recording of the event will be available for download. We are honored to have speakers like Worku Gachou, Head of North America Inclusive Impact & Sustainability from Visa, and The Honorable Adrianne Todman, Acting Secretary, U.S. Department of Housing and Urban Development A recent Visa Economic Empowerment Institute (VEEI) study shows that low-income individuals served by MDIs are more likely to own a home than those served by traditional banks and credit unions. By helping them purchase and retain homes, MDIs play a critical role in the long-term wealth and financial stability of their customers and the communities they serve. Leveraging recent research by VEEI and the National Bankers Association, this event will explore MDIs' positive impacts on driving #wealthcreation via housing and how the public and private sectors can support them. #Banking, #Equity, #Inclusivity

Open Letter to His Majesty King Charles III Buckingham Palace, London SW1A 1AA, United Kingdom Re: The Removal of Discriminatory Banking Practices Against British Colonies and Former Colonies Your Majesty, As the head of the Commonwealth and sovereign over many British colonies and former colonies, I write this open letter to bring urgent attention to a longstanding injustice: the discriminatory banking practices upheld by the United Kingdom against British colonies and former colonies. In the year 2024, it is inconceivable that British financial institutions continue to perpetuate racial biases rooted in colonialism, denying equal access to banking services for millions of individuals from these nations. The echoes of colonial exploitation reverberate through this unfair treatment, whereby the very countries that contributed to the UK's wealth during the colonial era are now being blocked from full participation in the UK’s financial systems. Despite adhering to international regulations, these nations face exclusionary policies and practices from UK-based banks, which profile them unfairly. This systemic discrimination amounts to institutionalized racism—a continuation of the colonial structures that once served to oppress and exploit. The UK’s refusal to grant fair access to its banking system does not only infringe upon the rights of these nations but perpetuates a cycle of economic dependency. The UK's Privy Council, still the final court of appeal for many of these countries, bears a responsibility to act against these discriminatory practices. Failure to do so suggests complicity in maintaining financial and racial hierarchies, the vestiges of the colonial era. The exclusion of British colonies and former colonies from equitable access to UK banking services cannot be tolerated. The colonial system enriched the United Kingdom at the expense of these nations, and now, the same financial structures seek to deny them participation in the modern global economy. I call upon Your Majesty to urge the UK government to take immediate and decisive action to remove these institutional barriers. The principles of justice, fairness, and equality must be restored, and the United Kingdom must right the wrongs of the past by ensuring that its financial systems no longer reflect the inequalities of colonialism and slavery. Your leadership on this issue would not only serve to redress a historical wrong but also demonstrate the UK's commitment to global justice and fairness in the modern age. #Africa #Banks #Brexit #Europe #Fintech #Banking #Caricom #England #Keirstarmer #FintechBanks #UnitedNations #Ukgoverment #UnitedKingdom #Thelabourparty #theconservativeparty #Departmentforbusinessandtrade

Did you know that each swipe with an NCFCU Visa® Credit Card is only 6.9% APR*? This great deal also offers, 💳 NO Annual Fees, Transaction Fees, Cash Advance Fees, Finance Charges, or Balance Transfer Fees 💳 25-Day Interest Free Grace Period 💳 Loss of Life, Injury or Illness, and Unemployment Protection Available Don't let this deal slip out of your hands! Details Here -->https://buff.ly/40l5dFy APR*=Annual Percentage Rate #yourcommunitycreditunuion

“What are we really here to do? Are we here to add memberships and add profits, or are we here to help people? I think you can do both if you do them in the right order. If you help them in an authentic way, especially when they’re in a dire situation, they’re going to want to stick around.” This was so wonderfully put by Bjorn Larson, MBA, AFC® during a conversation we had about helping #creditunion members through hard economic times. How financial institutions approach these situations can make or break relationships, but credit unions have the unique advantage of having "helping others" built into their mission. A special thanks to Chris Keller as well. Great advice from Empower Federal Credit Union: “Make time to hear their stories and concerns so you can offer solutions that meet their needs at that time." https://lnkd.in/eE7jzSbU #finance #financialwellness #customerservice #memberexperience #b2bnews

On this date, June 26, a significant historical event for credit unions in Florida occurred in 1934 when President Franklin D. Roosevelt signed the Federal Credit Union Act. This legislation established the foundation for the federal credit union system, allowing credit unions to operate across state lines and providing a legal framework that has enabled their growth and development ever since. This act was pivotal in promoting financial stability and security for millions of Americans, including those in Florida, by making credit available to individuals who were often underserved by traditional banks (MyCreditUnion.gov) (NCUA). #creditunionhistory #Floridacreditunions #Credituniondifference #Creditunions #Americascreditunions #Federalcreditunionact Additionally, the passage of the Federal Credit Union Act led to the creation of numerous credit unions across the state, helping to build stronger, more financially stable communities. This day marks an essential milestone in the history of credit unions, highlighting their role in fostering cooperative financial services and supporting local economies (NCUA). For more detailed information, you can explore resources at NCUA and MyCreditUnion.gov (MyCreditUnion.gov) (NCUA).

#unions #governance #leadership I am not one to join the pitchfork wielding mob and I hold that all Australians should be free to join, participate in and be represented by a Union. However, just like the banks, casinos and Big4 Consultancy' there must be oversight and compliance of such organisations. #australia needs to find a better balance between the old radical politicised building commissions and having an ethical regulator with teeth:

A Comprehensive Guide to the Multi-State Cooperative Credit Society This guide offers nitty gritty bits of knowledge into multi-state cooperative credit societies' orders, covering their foundation, administrative necessities, participation benefits and functional cycles. It frames ventures for setting up such social orders, acquiring vital endorsements and agreeing with administrative systems across different states. Moreover it investigates the upsides of joining, like admittance to enhanced monetary assets, organizing potential open doors and financial strengthening. Through down-to-earth data and exhaustive experiences, this guide fills in as a significant asset for people and associations keen on partaking in multi-state cooperative credit societies. #cooperative_society_registration #types_of_cooperative_society #credit_cooperative_society #credit_society #cooperative_society #18March2024 #b2bmarketing #busniessdevelopment https://lnkd.in/grbHDxDx

🌍 Celebrating International Credit Union Day! 🌍 Credit unions in Ireland have long been a driving force for positive change within communities, offering affordable, people-centred financial services that truly make a difference. By providing loans, savings options, and financial guidance, credit unions have empowered individuals and families to achieve their goals—whether it’s owning a home, starting a business, or funding education. They’ve consistently championed financial inclusion, ensuring that everyone, regardless of their background, has access to fair financial services. Growing up in West Cork, I experienced firsthand our local credit union’s profound impact on my family and the community around us. It was the place your communion money went and the place your first car came from. It was literally with me every step of the way. The trust and sense of support they provided helped shape a strong, connected community. This deep-rooted relationship with the credit union made all the difference to families like mine and instilled in me a lasting appreciation for their role in empowering communities. On this International Credit Union Day, we not only celebrate their impact but also recognise the deep-rooted connection credit unions have to local communities. Their philosophy of “people helping people” creates stronger, more financially resilient communities. The trust, support, and personal service credit unions offer are invaluable, and their continued focus on community well-being sets them apart from traditional financial institutions. Here’s to credit unions across Ireland, working tirelessly to improve the lives of their members and strengthening the fabric of our society. #ICUDay #CreditUnion #CommunityImpact #PeopleHelpingPeople #FinancialInclusion #IrishCreditUnions #CommunitySupport #EmpoweringCommunities

May is a special month as we celebrate and honor Asian American & Pacific Islander Heritage as well as Jewish American Heritage Month! Let's take this time to recognize and appreciate the rich cultures and contributions of these communities, and by taking a look at some of the commonalities between the AAPI and Jewish American communities in relation to credit unions, mainly revolving around their approaches to community support, financial literacy, and cultural sensitivity— Community-Centric Banking: Both communities use credit unions as a way to strengthen community ties. These credit unions often serve as more than just financial institutions; they act as community centers that offer a sense of belonging and support to their members. Financial Education and Literacy: Both the AAPI and Jewish American credit unions place a strong emphasis on financial education. They often offer workshops, seminars, and resources to help community members understand financial concepts, manage personal finances, and make informed decisions. This focus on education helps empower individuals and fosters economic self-sufficiency within the community. Language and Cultural Sensitivity: Credit unions serving these communities are highly attuned to the linguistic and cultural needs of their members. For instance, AAPI credit unions may provide services in languages like Mandarin, Korean, or Tagalog, while Jewish American credit unions might offer materials in Hebrew or Yiddish. This sensitivity extends to understanding cultural nuances around money and banking. Support for Small Businesses: Both communities have a strong entrepreneurial spirit, and their credit unions often reflect this by offering tailored support to small businesses. This includes specialized loans, financial advice, and networking opportunities to help community members start and grow their businesses. These shared traits underscore how both the AAPI and Jewish American communities utilize credit unions not just for financial transactions but as integral parts of their social fabric and cultural identity. #AAPIHeritageMonth #jewishamericanheritagemont #ycuppdx #ycup