#cuj feature

[reportwire]

Los Angeles Rams' official credit union buys its first Super Bowl ad | Credit Union Journal

Los Angeles Rams’ official credit union buys its first Super Bowl ad | Credit Union Journal

Los Angeles is a key growth market for Unify Financial Credit Union in Allen, Texas, which also happens to be the official credit union of the NFL’s Rams. So when its team qualified for this year’s Super Bowl against the Cincinnati Bengals, Unify chose to buy its own ad spot during the game. The 30-second commercial, titled “Unify’s Got You,” features Los Angeles Rams safety Terrell Burgess…

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[reportwire]

Redwood joins small club of credit unions issuing virtual cards

Redwood joins small club of credit unions issuing virtual cards

As part of its strategy for an “all-around digital experience” for members, Redwood Credit Union in Santa Rosa, California, is letting members receive digital replacement cards through its mobile banking app. The $7.2 billion-asset credit union originally began working toward digital issuance of debit and credit cards in February of last year. Redwood accelerated its card replacement initiative…

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[reportwire]

'Just tired': Why so many bank, credit union CEOs are calling it quits | Credit Union Journal

‘Just tired’: Why so many bank, credit union CEOs are calling it quits | Credit Union Journal

John “Bernie” Winne, 66, is one of many credit union and community bank CEOs who postponed retirement during the pandemic because they didn’t want to leave in a time of need. Winne, the president and CEO of Boston Firefighters Credit Union in Dorchester, Massachusetts, now plans to retire next year after spending four decades in the credit union industry. The last 20 of those were at the helm of…

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[reportwire]

Credit unions dealt blow in bid to expand membership | Credit Union Journal

Credit unions dealt blow in bid to expand membership | Credit Union Journal

A National Credit Union Administration proposal governing shared credit union service facilities that had attracted vocal opposition from banker and consumer groups, not to mention the agency’s own chairman, has undergone a significant rewrite that left few on either side of the debate completely satisfied. Banking advocates, who historically have been resistant to measures that might expand…

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[reportwire]

Narrower SBA direct lending plan fails to appease banks, credit unions | Credit Union Journal

Narrower SBA direct lending plan fails to appease banks, credit unions | Credit Union Journal

In a bid to win support among moderate lawmakers for its Build Back Better plan, the Biden administration agreed to more than halve the budget for a proposal that would let the Small Business Administration make direct loans. But even a hefty budget cut isn’t enough to appease the banks and credit unions that oppose the plan. The funding for direct SBA loans was slashed from $4.5 billion to…

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