On August 15th, under the leadership of Northeast Credit Union and CEO Chris Parker, NCUA Board Member Rodney Hood visited Portsmouth alongside credit unions across New Hampshire. Hood’s NCUA tenure ends in August 2023, after eight non-consecutive years in the role.
August 01, 2023
Credit unions are restricted in business lending by an arbitrary government-imposed cap on business lending above $50,000 to 12.15% of a credit union’s assets. The Veterans Member Loan bill, recently referred to the House Committee on Financial Services, specifically seeks to exempt from the credit union member business lending cap, loans made to veteran-owned businesses. The bill covers business loans made to veterans, who served on active duty and were discharged or released under conditions other than dishonorable.
July 12, 2023
CCUA’s Director of Advocacy, Jessica Avery, connected with Massachusetts Attorney General Andrea Campbell, discussing elder financial abuse education and fraud prevention efforts by credit unions.
June 26, 2023
Cooperative Credit Union Association Director of Advocacy Jessica Avery had the opportunity to meet with Senator Elizabeth Warren Sunday at Holyoke Community College during her town hall event.
June 26, 2023
Senator Whitehouse met with Rhode Island credit unions to discuss credit union priorities, including interchange fee maintenance, inflation, deposit insurance, housing, and the current lending and deposit environment.
April 05, 2023
Tuesday morning on Beacon Hill, Chief Advocacy Officer, Adrian Velazquez and Jessica Avery, Director of Advocacy, testified before the Joint Committee on Financial Services for an informational hearing. Chairs Paul Feeney and Jaime Murphy were in attendance, along with returning and new committee members. Velazquez and Avery introduced CCUA and our credit unions across the commonwealth to share the credit union difference.
April 04, 2023
Cooperative Credit Union Association President/CEO, Ron McLean and Navigant Credit Union SVP of Commercial Lending, Jeff Cascione, participated in Lt. Governor Matos’ Small Business Advisory Council. McLean and Cascione utilized this as an opportunity to highlight the many ways that Rhode Island credit unions assist small businesses from across the state
March 29, 2023
CCUA Director of Advocacy Jessica Avery participated in a virtual discussion yesterday with Financial Services House Chair Patrick McHenry.
March 23, 2023
CCUA's Chief Advocacy Officer Adrian Velazquez recently participated in a CUNA-hosted meeting with U.S. Treasury Assistant Secretary for Financial Institutions Graham Steele. Attendees in the meeting were briefed on Treasury's views and actions responding to Silicon Valley Bank's (SVB) "systemic risk intervention." The Assistant Secretary emphasized Treasury’s commitment in bringing confidence to the financial markets.
March 12, 2023
As someone with a stint spanning only seven months in the credit union world, I was humbled and surprised to have been nominated by my leadership to represent not only Triangle Credit Union as a GAC Crasher, but if selected, to have the opportunity to represent the great state of New Hampshire as well.
‘Crashing the GAC’ is an experience to be had in the first person; narrating it might not do justice to its deep richness. However, I will take a crack at conveying the feeling I had and continue to, since The Crash.
March 07, 2023
As I sit here, back in Massachusetts, the Monday following the closing of the 2023 CUNA GAC, I am struck by how much I learned and grew this this week. If I am being honest, I was not fully invested in Crashing the GAC before I left for Washington D.C., I was busy at work writing my employee reviews and charting new workflows for my department’s 3–6-month future plans, while the GAC just seemed so far away. Even as I was packing my bags the night before, I was thinking about what I needed to do when I got back from Crashing and wondering if I would have time to answer any important Slack messages or emails.
February 27, 2023
Member credit unions of the Association filled a meeting room late yesterday afternoon to receive a briefing from CCUA’s Advocacy team in preparation for their Hill visits. Attendees will call on their respective representatives and senators both today and tomorrow, presenting a unified message on behalf of their many credit union’s members.
February 26, 2023
Yesterday, two former Cooperative Credit Union Association member credit union CEOs were inducted into the Credit Union House Hall of Leaders. Gary Furtado, former President/CEO of Navigant CU in Rhode Island and John King, former President/CEO of Eagle One FCU in Delaware received the distinguished honor recognizing their long-time leadership within the credit union community.
February 26, 2023
More than 125 credit union executives representing CCUA's four states arrived in Washington, DC, yesterday for CUNA's annual Governmental Affairs Conference.
February 09, 2023
Cooperative Credit Union Association welcomes Janelle Mullen as Director of Marketing and Jessica Avery, MPPA as Director of Advocacy.
December 17, 2022
As we approach year-end, it’s often a time to reflect back on the past 12 months and in particular to give thanks. From a professional perspective, I am thankful for the tremendous support and partnership CCUA enjoys with our member credit unions. I am also extremely thankful to have such a meaningful and valuable partnership with CUNA Mutual Group.
December 05, 2022
McLean commented on NCUA’s proposed rule on Federal Credit Union Bylaws. CCUA supports the Board’s proposal implementing the Credit Union Governance Modernization Act of 2022’s provisions authorizing federal credit unions to expel members for cause based on a two-thirds majority vote of the credit union’s board of directors, with the opportunity for the member to request a virtual hearing. In addition, McLean recently submitted a comment letter to support the NCUA’s proposed revisions to the subordinated debt regulation to give low-income-designated credit unions (LICUs) greater flexibility to participate in the U.S. Treasury’s Emergency Capital Investment Program (ECIP) by extending the maximum term of subordinated debt investments to more than 20 years.
November 15, 2022
CCUA President/CEO Ron McLean recently hosted a fundraiser supporting the Massachusetts Chair of the Joint Committee on Financial Services, Representative James Murphy of Weymouth.
November 06, 2022
Cooperative Credit Union Association President/CEO Ron McLean recently submitted a letter on the U.S. Treasury Office of Terrorist Financing and Financial Crimes' (TFFC) Request for Comment on Ensuring Responsible Development of Digital Assets focusing primarily on anti-money laundering/countering the financing of terrorism (AML/CFT) policy related to digital assets such as cryptocurrency.
October 27, 2022
The Cooperative Credit Union Association (CCUA) hosted a roundtable meeting at DEXSTA Federal Credit Union, in Wilmington, Delaware, yesterday morning, featuring Kevin Rocks, supervisory examiner at the National Credit Union Administration.
« RETURN TO ALL NEWS