A month to highlight financial well-being

The start of April marks National Credit Union Youth Month and Financial Literacy Month, two great opportunities for credit unions to promote their Financial Well-being for All efforts.

National Credit Union Youth Month is a chance to instill good financial habits in our youngest members, and display what the credit union difference means to a whole new generation of future members.

This year’s Youth Month theme is “Unleash the Power of Saving at Your Credit Union™,” with credit unions encouraging kids to spend and save wisely through contests, giveaways, and more. Use the hashtag #CUYouthMonth to share your activities on social media. Thank you to Ever Green 3C for their generous sponsorship of this initiative.

Financial Literacy Month celebrates its 19th year in 2023, and we’ll engage with members of Congress and other policymakers throughout the month. We encourage credit unions to meet with members in their districts, particularly during the upcoming recess (March 31 to April 16).

Credit unions do great work 12 months out of the year. Let’s take this month to highlight all that we’re capable of doing, both for members and our communities.

Join the National Youth Savings Challenge™ to demonstrate your commitment to financial education while helping us share the credit union difference. 

Learn about the challenge here

CUNA Madison office moves April 1

We’re excited to move our Madison office to a new, modern, and collaborative space where we’ll continue our work on behalf of America’s credit unions. Starting April 1, CUNA’s new address in Madison is: 4703 Madison Yards Way, Suite 300, Madison, WI 53705. There should be no interruption in web, email, or call access, and no change to our P.O. Box. We look forward to serving you from our new space!

CUNA named Top Workplace 2023

It’s an honor and a privilege to announce CUNA has been named a Top Workplace 2023 by the Wisconsin State Journal, the third time we’ve received such a recognition in recent years. This honor is based on our own employees’ feedback as we work to create an inclusive, supportive work culture. I’m proud to work somewhere that values the same “people helping people” philosophy we work to boost throughout our entire movement.

Read more here

CFPB issues small business lending final rule

The Consumer Financial Protection Bureau (CFPB) released its final rule on section 1071 of the Dodd-Frank Act, on small business lending data collection. While we continue to believe the overly broad scope of the rule will raise the cost of small business borrowing, the bureau made several changes from the proposal, including increasing the threshold for covered financial institutions, adopting a phased implementation, and removing the visual observation requirement.

Read about the final rule here

Congress holds bank collapse hearings

CUNA and Leagues continue to respond to recent bank collapses, including letters to House and Senate committees this week for their hearings. We said credit unions were not responsible for these collapses and should not face any additional regulations because of them. League and credit union leaders also continued to share the credit union difference and what it means for our members.

Read about out latest efforts here

More from 360-degree advocacy

• The CFPB published its credit card late fee proposal with a May 3 comment deadline. We continue to call on the CFPB to extend the comment deadline and release the data behind the proposal.
• We wrote to a House Small Business subcommittee with several revisions to the CFPB’s section 1071 rulemaking on small business data collection.
• Cornerstone League President/CEO Caroline Willard wrote in the Kansas City Star that reintroducing the Credit Card Competition Act would harm consumers’ privacy, reduce access to credit, and expose them to potential fraud.