Newsletter

John Parks Authors Letter to the Editor in Sioux City Journal

Sioux Valley Community Credit Union CEO, John Parks, recently authored a letter to the editor in the Sioux City Journal on the need to update the Iowa Credit Union Act. Several credit union CEOs across the state have submitted similar letter to the editors in hopes it can spur more positive changes to the bill and help Iowa credit unions during the 2024 legislative session.

John shares, “Iowa needs a financial landscape where both banks and credit unions flourish. Resistance to updating the credit union code hinders progress. Let’s advocate for the modernization of the Iowa Credit Union Act, ensuring the continued vitality of Iowa credit unions.

Read the full letter here.

Congressman Zach Nunn Recognizes Iowa Credit Unions for Working to Make Adoption Affordable

Representative Zach Nunn introduced his new legislation, the Fight For Families Act, to help low and middle-income families afford adoption.

During his announcement on the House floor, the Congressman praised Iowa credit unions for the work they're doing by offering affordable loans for adoption costs. You can read his comments here.

Recent Fraud Trends & Prevention Methods: What to Watch for & How to Take Action

At the Association of Credit Unions and Risk Professionals (ACUARP) Annual Conference in June, ViClarity hosted a breakout session on fraud trends - discussing insider fraud, common consumer scams (external fraud), and tangible fraud monitoring and prevention steps that credit unions can take to stay ahead of it all. Click here for a summary.

Interested in staying current on the latest trends in governance, risk and compliance? Subscribe to the ViClarity blog to receive emails when new info about industry hot topics are posted.

ICUL member credit unions have access to a variety of compliance services and resources through ViClarity. Find more information here.

CDFI Fund Releases Final Revised CDFI Certification Application

On December 7, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) released a revised Community Development Financial Institution (CDFI) Certification Application. This CDFI Certification Application, as well as the Annual Certification and Data Collection Report (ACR) and Transaction Level Report (TLR), were approved by the Office of Management and Budget (OMB) and encompass modifications made in response to public comments received last year. More information can be found here.

Explore Long-Term Strategies for Community Impact

As a busy credit union leader, finding time to pause and reflect on your credit union's mission and purpose can be a challenge. Callahan & Associates is collaborating with Harvard Business School Online to offer Sustainable Business Strategy courses in 2024.

Join credit union peers working toward implementing a purpose-driven mindset to drive change and ensure long-term sustainability. Click here to learn more about the program before the January 17 registration deadline. Through ICUL's strategic partnership with Callahan & Associates, ICUL members will receive a $250/person registration fee discount.

Legal Tip: Overdraft Litigation in Iowa

A potential class action lawsuit was filed recently against an Iowa bank in federal court in Des Moines challenging the bank’s practice of charging overdraft fees in “Authorized Positive, Settle Negative” transactions. Click here for information to reduce exposure in overdraft and other litigation.

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.

• Gearing Up for the 2024 Iowa Legislative Session
• Credit Union RelEVENT 2024 Returns to Las Vegas
• Veridian Credit Union Awards $90k in Grants to 24 Organizations Across Iowa, Nebraska
• DuTrac Academic Scholarships Available
• Affinity Credit Union CEO Announces Retirement, Names New Chief Executive
• Veridian is Celebrating Giving Tuesday with $53,000 in Donations Across Iowa, Nebraska, Minnesota

Upcoming ICUL Events

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

View the full ICUL event calendar here.