U.S. Treasury Awards more than $1.73 Billion in Response to Economic Impacts Caused by COVID-19 Pandemic

April 10th, 202327203 Washington, DC – Today, Vice President Kamala Harris and Deputy Secretary of the Treasury Wally Adeyemo announced that the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) has awarded over $1.73 billion in grants to 603 Community Development Financial Institutions (CDFIs) across the country through the CDFI Equitable Recovery Program (CDFI ERP). These funds will strengthen the ability of CDFIs to help low- and moderate-income communities recover from the COVID-19 pandemic and invest in long-term prosperity. Authorized by the Consolidated Appropriations Act, 2021 (Pub. L. 116-260) to...

The Power of Connecting Ideas and People

November 16th, 2022698216 Madison, Wis. – For growth to happen in the credit union industry, it must first happen at the individual level. Filene has opened applications and enrollment for credit union leaders to participate in the i3 innovation leadership program and The Cooperative Trust’s Crash Course.  Apply for Filene i3 by November 30 Filene’s two-year innovation i3 program is recruiting for its 19th cohort to develop credit union senior leaders across the country with a keen sense of not only the importance of innovation but the competency to lead change at their organizations. Filene saw 25% of i3ers promoted while in the leadership program...

National Credit Union Foundation research shows simple email can increase savings and sense of financial well-being

November 16th, 202229149 MADISON, WI (November 15, 2022) – A new report published today by the National Credit Union Foundation (the Foundation) shows that credit unions can measurably increase their employees’ financial well-being through initiatives as simple as a prompting email. The Foundation’s Start at Home report summarizes a two-year long grant project that explored whether positive saving behaviors—primarily splitting an employee’s direct deposit so a portion goes directly into savings—could be established through basic prompts. Three credit unions participated in the project: Alabama Credit Union, Credit Human and Educational Employees...

New Fund Launched to Finance Initiatives Supporting Financial Well-being

January 31st, 202230232 Today, five leaders from the credit union industry were the first to commit to the FinHealth Fund—a new designated fund held at the National Credit Union Foundation, focused on improving financial well-being for all by scaling existing work across the credit union movement. A joint statement issued by executives at CUNA Mutual Group (Madison, Wis.) and four credit unions (BCU, Chicago, Ill.; Coastal FCU and Local Government FCU, Raleigh N.C.; Redwood CU, Santa Rosa, Calif.) said, “The financial health of 166 million Americans is fragile and uncertain. Now is the time to act boldly, to come together as a cooperative movement and...

Credit Union Leaders Graduate from Foundation’s Virtual DE Program

April 13th, 202132215 Madison, WI--Forty-eight credit union leaders were designated as Credit Union Development Educators (CUDEs) after completing the National Credit Union Foundation’s (the Foundation) Credit Union Development Education (DE) Training. The March DE Training was held March 15 – April 9, 2021. The virtual training was completed by employees and volunteers from credit unions and system partners across the United States credit union movement. DE Training is a unique experiential training program that provides lessons in credit union structure, purpose and the “why” that differentiates credit unions from other financial institutions....

First Commerce Credit Union wins national CUNA award

November 19th, 202057228 Credit Union National Association's (CUNA) National Awards Committee announced First Commerce Credit Union in Tallahassee, Fla., as one of its 2020 CUNA Award winners. First Commerce Credit Union won a first-place Dora Maxwell Award, which is presented to credit unions for outstanding social responsibility projects in their communities. First Commerce was one of five credit unions nation-wide to win this outstanding award. The credit union was one of 15 to win a national CUNA award in any category. “Congratulations to the 2020 CUNA Award winners who are being recognized for their commitment to their communities, particularly in a...

League of Southeastern Credit Unions President Jared Ross added to CUNA COVID-19 Restart and Recovery Task Force

June 23rd, 2020215364 LSCU President Jared Ross as recently added to the Credit Union National Associatoin's "COVID-19 Restart and Recovery Task Force. The task force brings together representatives from the three-tiered system of credit unions, Leagues, and CUNA, along with system providers and affiliated organizations, to discuss strategies, resources and best practices for credit unions as state and local governments begin to lift stay home orders and ease safety restrictions on business operations established in response to the COVID-19 pandemic. “As we continue to look to what the world looks like under a new normal, credit unions have a...

African-American CU Coalition to host new virtual event on social inequalities

June 22nd, 202031144 The African-American Credit Union Coalition will host a new virtual event in August that will launch a series of discussions among credit union professionals about how they can address economic, health and social inequalities that affect minorities in their communities. “As Black professionals, we are eager to share insights from our unique experiences and exchange strategies with allies to help us build a more diverse and inclusive workforce so that we can impact the communities where we live,” Renée Sattiewhite, AACUC President/CEO, said. “I’m confident this new virtual format affords us even greater opportunity to reach more...

San Antonio Citizens Federal Credit Union names new President and CEO

June 4th, 202052122 The Board of Directors of San Antonio Citizens Federal Credit Union has named Patricia Sarne President and CEO. Sarne, who served as executive vice President, succeeded Tim Baldwin, as of his retirement May 31. Patricia Sarne began her career at SACFCU on April 4, 1994, and holds a degree from the University of Maryland and is an Alumni of the Southeastern CUNA Management School. Over her 26 years at the credit union, Sarne has served in many operational and management positions, touching virtually every function in the credit union. “I would like to thank the Board of Directors for allowing me the privilege of serving as the next...
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