Around the States

 

Florida’s New Anti-ESG Law Tees Up Fight with Federal Bank Regulators
A new Florida law provides an avenue of recourse for bank customers who believe they were denied financial services on the basis of their political opinions, religious beliefs, lawful ownership of guns or involvement in fossil fuel-based energy production.

Credit Union CEO to Testify at House Financial Services Subcommittee Field Hearing
Karen Harbin, president/CEO of Commonwealth Credit Union, is scheduled to testify Friday at a House Financial Services subcommittee field hearing on the use of fintech to increase access to financial services.

Illinois & Michigan Leagues Announce Retirements, New Leaders
Libby Calderone will become the next president/CEO of the Illinois Credit Union League and its service corporation Envisant in Naperville on Jan. 1, 2025. She will succeed current President/CEO Tom Kane who plans to retire at the end of the year. 

In Michigan, Patty Corkery began her tenure as joint CEO of the Michigan Credit Union League and its CUSO, CUSG, last week. She succeeded Dave Adams who retired after 27 years of service.

Coastal Credit Union Foundation and Carolinas Credit Union Foundation Award Scholarship Funds to Eleven Students
The Coastal Credit Union Foundation, in partnership with Carolinas Credit Union Foundation, is proud to announce eleven recipients of the Credit Union Scholarship Program, totaling $33,000 awarded in scholarship funds. All scholarships are merit based, with three being larger amounts based on financial needs.


State Benefit Guides Completed To Date

As one of the Dual Charter Resources Initiative (DCRI) projects, NASCUS, in coordination with the state regulators and leagues, began creating a reference guide outlining the intricacies and benefits of each state’s regulatory environment and charter compared to the federal charter. These reference guides provide a broad 360-degree view of the relevant state charter, state regulator, and links to important statutory and regulatory citations necessary to understand the regulatory landscape…

Click here to view the list and access all completed PDFs.


State System Stats: Q1 2024

Q1 2024 State-Chartered CUs Federally-Chartered CUs Total CUs % of State-Chartered CUs
Assets $1.171 T $1.158 T $2.329 T 50.27%
Credit Unions 1,808 2,862 4670 38.72%
Members 67.4 M 74.3 M 141.7M 47.58%

State System Stats: Q4 2023

Q4 2023 State-Chartered CUs Federally-Chartered CUs Total CUs % of State-Chartered CUs
Assets $1.147 T $1.131 T $2.278 T 50.34%
Credit Unions 1,822 2,880 4702 38.75%
Members 66.9 M 73.7 M 140.6M 47.61%