Around the States
State Benefit Guides Completed To Date
As one of the Dual Charter Resources Initiative (DCRI) projects, NASCUS, in coordination with the state regulators and leagues, began creating a reference guide outlining the intricacies and benefits of each state’s regulatory environment and charter compared to the federal charter. These reference guides provide a broad 360-degree view of the relevant state charter, state regulator, and links to important statutory and regulatory citations necessary to understand the regulatory landscape…
Apr. 26, 2024 Stories | Click here to read all recent news stories
Wisconsin Credit Union League President & CEO Brett Thompson Announces Retirement at Yearend
After nearly 23 years serving as The Wisconsin Credit Union League’s (The League) President & CEO, Brett Thompson has announced his plans to retire in December 2024. The League’s Board of Directors has begun a nationwide search for a successor with Humanidei.
“It’s been an honor of a lifetime serving Wisconsin’s credit unions,” said Thompson. “I am excited to see what the future holds for a Movement with such talent and dedication behind it.”
Massachusetts Credit Union Warns Members of Data Breach That Exposed Personal Information
Some local federal credit union members are being asked to check their bank statements after a data breach in February that exposed customers’ Social Security Numbers, among other personal details.
Financial Literacy Initiatives on The Rise in America’s High Schools
Earlier this year, the state of Washington’s House of Representatives unanimously adopted House Bill 1915 (HB 1915), a bill that would require high school students to complete a financial education course as a statewide graduation requirement beginning in the 2027-28 school year.
Michigan’s Genisys CU Again Named Among Best Performing
Genisys Credit Union has been ranked 24th in Best Performing Credit Unions in the U.S. by S&P Global Market Intelligence. For four years in a row, Genisys Credit Union has ranked in the Top 25 in the nation. Credit unions were evaluated using financial performance metrics, including member growth, shares and deposits per member, net worth as a percentage of total assets, delinquent loans as a percentage of total loans, and return on average assets for a 12-month period ending Dec. 31, 2023.
Oregon’s OnPoint Community CU Donates $100K to Support Environment, Natural Resources
In celebration of Earth Day 2024, OnPoint Community Credit Union donated $100,000 to local nonprofits working to preserve and protect the environment, natural resources and wildlife in Oregon and southwest Washington.
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