Newsletter

Credit Union Leaders Author Letters in Support of Credit Union Code Update Bill

Recently, six Iowa credit union CEOs submitted letters to the editor underscoring the importance of passing the credit union code update bill (HF 131) in the 2024 legislative session. This bill would make necessary updates to the Iowa Credit Union Act, passed in 1925, to better equip Iowa credit unions to care for the financial needs of 1.4 million Iowans. View the letters here:

• Linda Andry, Ascentra Credit Union
• Renee Christoffer, Veridian Credit Union
• Jim Dean, Affinity Credit Union
• Greg Hanshaw, Community 1st Credit Union
• John Parks, Sioux Valley Credit Union
• Cindy Stephenson, Iowa Heartland Credit Union 

Interchange Survey: Make Your Voice Heard

CUNA is seeking credit union feedback regarding debit card programs and the potential effects of the Federal Reserve Board's proposed changes to the debit interchange fee cap. We encourage all credit unions to complete the survey by January 12, 2024. All responses are confidential and questions should be directed to CUNA’s Vice President of Market Intelligence, Krisina Grebener at kgrebener@cuna.coop.



Complete the survey here!

Callahan & Associates Q3 Data Available

The National Credit Union Administration (NCUA) data for Q3 2023 has been released. As of September 30, there were 71 Iowa credit unions holding over $32 billion in assets and over $27 billion in loans.

ICUL member credit unions have access to Peer Express tool through ICUL's strategic partnership with Callahan & Associates, and this allows credit unions to track and benchmark performance. The Peer Express User Guide is available to help you become more comfortable with this application.

Questions? Contact ICUL Member Services Consultant Courtney Williams.

Apply for CRASH Leg Reg Before January 29 Deadline

The Iowa Credit Union League is offering three lucky professionals a ticket to attend the 2024 Legislative & Regulatory Conference February 20-21 in Des Moines. Selected Crashers will receive free conference registration. Travel and lodging are the responsibility of the crasher and their credit union.

Crashers will gain a better understanding of legislative issues facing credit unions, learn from the best and brightest in the credit union regulatory space and connect with other credit union peers. Apply here.

Questions? Contact ICUL Member Services Consultant Courtney Williams.

The Importance of Cybersecurity Incident Responsiveness: Is Your Plan Ready to be Tested?

The National Credit Union Administration (NCUA) has revised their Cyber Incident Notification Requirements, 12 CFR 748.1(c), to provide more information on responsibilities, framework and guidance on cyber incidents.

Read this ViClarity blog for key elements to a successful cyber incident response program and how to report on a cyber incident.

ICUL member credit unions have access to a variety of compliance services and resources through ViClarity. Find more information here. Subscribe to the ViClarity blog to receive emails when new info about industry hot topics are posted.

Encourage Membership to Apply for 2024 Warren A. Morrow Memorial Scholarships

The application for the Iowa Credit Union Foundation’s 2024 Warren A. Morrow Memorial Scholarship is open until February 2. Credit union members who will attend college or an accredited undergraduate, graduate or vocational program in 2024 are eligible to apply.

Click here for promotional resources for your credit union.

Guided by the credit union philosophy of people helping people, the Iowa Credit Union Foundation works to champion financial well-being for all.

New Legal Self-Help Guide Available in ICUL Resource Library

Artificial intelligence (AI), once reserved for movies and novels, is here and rapidly changing how we experience the world. New and evolving technology can be overwhelming, so a new legal self-help resource has been created to help you understand what AI is and the practical and legal considerations you should be aware of for your credit union. 

Questions? Contact Barker, Hodgson & Miller, P.C. (BHM). 

ICUL member credit unions have access to a variety of legal services and resources made available through ICUL's strategic partnership with BHM.

Industry News & Events

Industry News

Have news to share? Email marketing@iowacreditunions.com. You must be logged onto the members-only website in order to view submitted content.

• Veridian Credit Union is Seeking Board Candidates
• Telco Triad CCU Welcomes New Marketing Director

Upcoming ICUL Events

• January 18 - 2024 Credit Union Advocacy Webinar
• February 20-21 - Legislative & Regulatory Conference

View the full ICUL event calendar here.