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Credit Unions' 100 Million Members Garners St. Louis Media Attention


It’s official. Credit unions nationwide have reached and exceeded 100 million memberships. In Missouri, 1.4 million people are members of credit unions – and that number keeps growing.

The 100 million member campaign, with its increased awareness about credit unions and the fact that more consumers are choosing credit unions as their financial institution, is getting attention from the media – and bankers.

Posted By Nora Holloway read more

Bank Abuse of Small Business Fund All the More Reason for MBL Reform


By:  Bill Cheney, President/CEO of the Credit Union National Association

Last week the American Bankers Association (ABA) had its member banks in Washington. This week it was the Independent Community Bankers of America (ICBA). The ICBA ran more ads critical of too-big-to-fail-banks. But we know their agenda also included credit unions’ tax exemption and MBLs.

Posted By Sharon Bahr read more

ABA Complains Proposed Sponsor Expansion Creates Overly Broad FOM


The American Bankers Association (ABA) complained in a letter sent to the National Credit Union Administration (NCUA) that Thrivent FCU sponsor’s expansion of its common bond from Lutheran to all Christians would create a field of membership (FOM) that is overly broad. The sponsor, Thrivent Financial for Lutherans, is scheduled to vote in March whether to expand its common bond membership from Lutheran to Christian. The ABA worries that this would automatically expand Thrivent FCU’s field of membership to all Christians, which it feels is overly broad.

Posted By Sharon Bahr read more

Missouri Volunteer Takes on ABA's CEO


A credit union director in Mexico, Missouri is weighing in against an attack by American Bankers Association (ABA) CEO Frank Keating in a national Congressional blog.  

Patrick Donovan, a director for United Credit Union, wrote a letter to the editor in response to Keating’s November 28 opinion piece opposing credit union member business lending efforts.  Donovan’s letter was posted on The Hill’s Congress Blog on December 3.

Posted By Amy McLard read more
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