CUNA President/CEO Addresses Australian Credit Unions
Jim Nussle speaks on advocacy and advancement on WOCCU Study Trip
Source: Credit Union National Association (CUNA)
April 11, 2019
WASHINGTON, DC—Credit Union National Association (CUNA) President and CEO Jim Nussle addressed global credit union peers during World Council of Credit Unions’ Australian Credit Union Study Trip. His keynote address at a CEO/Director meeting focused on CUNA’s efforts to advocate, unify, advance, and promote the credit union industry.
“Credit unions in the U.S. have seen many positive trends in 2018 – from membership growth to increased financial benefits for both members and non-members,” Nussle said. “The credit union difference is our cooperative superpower. It’s our best asset, our competitive advantage, and it extends across the globe,” Nussle said.
Last year credit unions provided more than $16 billion in benefits to American consumers, members and non-members alike. The industry also added nearly five million members and grew five times faster than the U.S. population.
Nussle also provided an overview of the advocacy pillars that CUNA plans to tackle in the 116th Congress, namely enhancing information security, preserving the tax status, expanding opportunities for consumers and small businesses and continuing to reduce regulatory burden.
World Council of Credit Unions’ study trip brings a delegation of U.S. credit union industry executives to Australia for a deep-dive examination of how financial cooperatives there are working to overcome regulatory, taxation and branding challenges to grow membership and lead the way forward in developing innovative digital solutions.
Australia’s Customer Owned Banking Association (COBA) is hosting the delegation. Along with guiding their American guests through Australia’s complex financial system, COBA is also hosting study visits at credit unions in Sydney and Melbourne. The program summary and daily schedule can be found here
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 115 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.
World Council of Credit Unions is the global trade association and development platform for credit unions. World Council promotes the sustainable development of credit unions and other financial cooperatives around the world to empower people through access to high quality and affordable financial services. World Council advocates on behalf of the global credit union system before international organizations and works with national governments to improve legislation and regulation. Its technical assistance programs introduce new tools and technologies to strengthen credit unions' financial performance and increase their outreach.
World Council has implemented 300+ technical assistance programs in 89 countries. Worldwide, 85,400 credit unions in 118 countries serve 274 million people. Learn more about World Council's impact around the world at www.woccu.org.