Newsletter

Dave Cale Featured in "Changing World of Credit Unions" Article

Financial Plus Credit Union CEO Dave Cale was recently featured in a Business Record article titled, “Financial Plus president reflects on changing world of credit unions.”  

In promoting the credit union industry, he shares, “Younger people want to be involved with an institution that cares about them and provides value back to the community, versus one where they’re just considered a number. When I belong to a credit union, they get to know my family and my goals and help me make financial decisions that match those. It means something to them.”

Read the full article here.

Registration Open for the 2023 Iowa Credit Union Convention

Join us September 13-15 in Coralville for the 2023 Iowa Credit Union Convention, Iowa's largest credit union education and networking event.

This premier event offers more than 25 educational sessions with leading industry speakers from around the nation, a trade show packed full of vendors and networking opportunities, the HACK for CUPAC golf event, ICUF Benefit Night Fundraiser and so much more.

ICUL Announces New Strategic Partnership with Credit Union Loan Source (CULS)

ICUL has formed a new partnership with Credit Union Loan Source (CULS) to bring a low-risk, high quality loan participation program to state chartered credit unions in Iowa.

Click here to learn more about the partnership.

Interested in connecting with CULS? Contact CULS Chief Revenue Officer Kevin Usiatynski.

FHFA Announces Cancellation of Previously Announced Enterprise Upfront Fees Based on Debt-To-Income Ratio

Last week, the FHFA announced the rescission of the debt-to-income (DTI) upfront fees for loans purchased by Fannie Mae and Freddie Mac (the Enterprises).

The DTI-based fee was part of the Enterprises’ single-family guarantee fee pricing framework and would have specifically applied to loans with a DTI ratio above 40%. In March, the FHFA had delayed implementation of the DTI-based fee because of operational challenges described by mortgage industry stakeholders. In their announcement, the FHFA noted that details about a request for information about the single-family guarantee fee pricing framework would follow shortly.

Submit Nominations for the 2023 Iowa Credit Union Heritage Award

Nominations are open for the 2023 Iowa Credit Union Heritage Award. This award recognizes the lifetime achievements of individuals, credit unions or chapters that have shown outstanding service, commitment and leadership in the credit union movement. An ideal candidate for this award is someone who has championed the 'People Helping Philosophy' through their career and advocated for the financial well-being of credit union members.

Know of someone who deserves to be recognized? Nominate them today!

Pictured is 2022 Heritage Award recipient Steve Flamm.

Legal Class Action Update: Biometric Information Privacy Act

Katten Muchin Rosenman LLP has shared a class action update about the Biometric Information Privacy Act (BIPA). Click here to read more.

For questions regarding this update, please reach out to Stuart Richter. For general updates or legal questions, contact Barker, Hodgson & Miller, P.C. attorneys Elizabeth Hodgson or Julie Buenzow. 

ICUL member credit unions have access to a variety of legal services and resources made available through ICUL's strategic partnership with Barker, Hodgson & Miller, P.C. Find more information here.

Industry News & Events

Industry News

Have news to share? Email [email protected]. You must be logged onto the members-only website in order to view submitted content.

• Iowa Credit Union League Partners with Credit Union Loan Source to Bring Low-Risk, High Quality Investment Opportunity to Iowa Credit Unions
• Citizens Community Credit Union Welcomes Back Stephen Hindman
• 1ST Gateway Credit Union Celebrates 70 years
• Casebine Community Credit Union Earns Community Development Certification to Better Serve Southeast Iowa and West Central Illinois
• Veridian Credit Union Announces Dates, Communities for 2023 Community Shred Days

Upcoming ICUL Events

• June 6 - Exploring Why™ Workshop (Part One)
• June 7 - ViClarity Q2 Townhall Meeting
• June 15 - A Comprehensive Credit Union Board Orientation Process
• August 15 - Exploring Why™ Workshop (Part Two)
• September 13-15 - Iowa Credit Union Convention
• October 12 - Human Resources Roundtable
• October 17-18 - Collections & Bankruptcy Update

View the full ICUL event calendar here.