America's Credit Unions is a national

trade association A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. Through collabor ...

for both state- and federally chartered

credit union A credit union is a member-owned nonprofit organization, nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (che ...

s located in the United States. It was launched in 2024 as part of the merger between the

Credit Union National Association The Credit Union National Association, commonly known as CUNA (pronounced "Cue-Nuh"), was a national trade association for both state- and federally chartered credit unions located in the United States. CUNA provided member credit unions with tr ...

(CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU). Once fully operational in 2025, America's Credit Unions will provide its member credit unions with trade association services, such as lobbying, regulatory advocacy, professional development, and professional services management. The organization is headquartered in Washington, D.C.

History

On August 1, 2023, the CUNA and NAFCU boards of directors announced their intent to merge, forming a new entity called America's Credit Unions. The merger was approved by CUNA and NAFCU members and became effective on January 1, 2024, when CUNA and longtime CUNA CEO

Jim Nussle James Allen Nussle (born June 27, 1960) is an American businessman and retired politician who has been president and chief executive officer of the Credit Union National Association from 2014 to 2024 and of its successor group America's Credit U ...

is the president and CEO of the new association. CUNA and NAFCU will continue to operate as distinct organizations under the America's Credit Unions brand while they combine their operations throughout 2024. In March 2024, the organization announced plans to lay off about a quarter of CUNA's

Madison, Wisconsin Madison is the List of capitals in the United States, capital city of the U.S. state of Wisconsin. It is the List of municipalities in Wisconsin by population, second-most populous city in the state, with a population of 269,840 at the 2020 Uni ...

-based workforce. On December 12, 2024, America's Credit Unions joined other banking trade groups to block the

Consumer Financial Protection Bureau The Consumer Financial Protection Bureau (CFPB) is an independent agency of the United States government responsible for consumer protection in the financial sector. CFPB's jurisdiction includes banks, credit unions, securities firms, Payday lo ...

's proposed rule limiting overdraft fees to $5 for banks and credit unions with over $10 billion in assets.

References

External links

Official website
{{Financial trade associations in the United States 501(c)(6) nonprofit organizations Non-profit organizations based in Washington, D.C. Business and finance professional associations in the United States Trade associations based in the United States

History

See also

References

External links