Newsletter

Iowa Credit Union Advocates Meet with Legislators in Washington, D.C.

Iowa credit union executives and ICUL staff traveled to Washington, D.C. last week to meet with Iowa's federal delegation. The annual trip is part of ICUL’s Principal Key Contact (PKC) program, which matches each Iowa Congressperson and Senator with a credit union leader from their district. 

This year's trip coincided with many important credit union bills and amendments being considered in both the House and Senate chambers, including the Credit Card Competition Act, the importance of the Credit Union Board Modernization Act, and the CDFI Fund Transparency Act. Learn more about the trip here.

Pictured are PKC representatives Joe Hearn (Dupaco), Dave Cale (Financial Plus), Scott Zahnle (Greater Iowa), Renee Christoffer (Veridian) and Greg Hanshaw (Community 1st) alongside ICUL staff and Representative Zach Nunn. 

Advocate for Credit Unions at a Chapter-Hosted Legislative Reception Near You

At the end of the year, credit union chapters host legislative receptions to build relationships with elected officials and provide a setting to share policy priorities for the upcoming session. Consider attending a reception near you!

• November 16, 5:30 p.m. in Dubuque (Northeast Chapter)
• November 21, 5:30 p.m. in Waterloo (Blackhawk Chapter)
• November 30, 5:00 p.m. in Ottumwa (South Central Chapter)
• December 6, 6:00 p.m. in Bettendorf (Great River Chapter)
• December 11, 5:00 p.m. in Atlantic (Southwest Chapter)
• December 12, 5:30 p.m. in Cedar Rapids (Cedar Valley Chapter)
• December 13, 5:30 p.m. in Mason City (North Central Chapter)

Additional events are anticipated. Contact your chapter or ICUL Political Action & Grassroots Manager Brittany Freeman for more information.

2024 Governance, Risk & Compliance Checklist

Your credit union is probably deep into 2024 planning and budgeting – or will be soon. To ensure you’re thinking through some key governance, risk and compliance considerations, ViClarity compiled this checklist of important questions to ask yourself and your team. Bonus Tip: Check out this simple Time Savings Calculator tool for a peek at how automation tools could streamline your processes. 

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.

TruStage Business Resources: Webinars & Events

TruStage’s interactive webinars are a great way to understand not only product details but also how to achieve financial success, reduce your risks, and better serve your members. Learn more and register here.

As a strategic partner of ICUL, TruStage offers insurance and protection for credit unions, employees and members; lending solutions and marketing programs; consumer insurance products; and investment and retirement services. TruStage and ICUL partner together to educate and inform Iowa credit unions.

Legal Updates: Junk Fees, Immigration Issues, Interest on Escrow Funds

Katten Muchin Rosenman LLP has shared updates about the FTC and CFPB's latest steps to address "junk fees" and guidance on loan underwriting based on immigration status. Click here to read more.

For questions regarding this update, contact Stuart Richter.

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.

• Members Vote in Favor of CUNA-NAFCU Merger (Letter from Jim Nussle)
• Dupaco Members Collect More than $9 Million in October
• Veridian Credit Union Seeks Public Nominations for Local Giving Tuesday Donations

Upcoming ICUL Events

• December 14 - Artificial Intelligence and the Boards Involvement
• February 20-21 - Legislative & Regulatory Conference

View the full ICUL event calendar here.