The CFPB has reaffirmed its decision not to tailor rules for small financial institutions, CUNA
officials said Wednesday, as they expressed dismay over the bureau's position.
Last week, for example, CUNA
and the League of Southeastern Credit Unions launched a new website, CUstrong.com, as part of a strategic membership and messaging campaign to drive home the benefits of credit unions maintaining their membership with CUNA
and the Southeastern league.
On Monday, the industry's third largest cooperative, the $19.9 billion PenFed Credit Union in Alexandria City, Va., said it's rejoining CUNA
, and in April, the industry's second largest credit union, the $33.7 billion SECU in Raleigh, N.C., rejoined CUNA
represents nearly all 6,000 of our nation's credit unions and 100 million members.
, I have extended numerous meeting invitations to Susan Streifel, former CUNA
board chair and president/CEO of the $96.7 million Woodstone Credit Union in Federal Way, Wash., and current CUNA
Board Chair Rod Staatz, president/CEO of State Employees Credit Union in Linthicum, Md.
Blaine triggered an industry-wide controversy and debate after stating he disaffiliated with CUNA
and the state league in 2014 over the dual membership requirement and other issues.
Bell will lead a new engagement team that is expected to play a key role in CUNA
's preparation for operating under the new bylaws, which include membership choice and a new dues structure in 2017.
Mutual's monthly report said there were 6,198 credit unions operating in January -- 299 fewer compared to January 2015.
More than 2,200 credit unions -- about 43% of the national membership -- voted, according to CUNA
What's more, Streifel said CUNA
felt the meeting was no longer necessary because CUNA
was not getting any takeaways from it, according to Templeton.
Additional bylaw changes would allow CUNA
's board of directors to develop a dues formula that would favor neither small or large credit unions as well as permit the CUNA
board to adjust its board from its current maximum of 24 members to a minimum of 12 members.
In a prepared statement, CUNA
said, "Chuck Zuver was a true credit union champion and will be sorely missed.