Newsletter

Veridian's Renee Christoffer Authors Article for The Gazette

Veridian Credit Union CEO Renee Christoffer recently authored an opinion piece in The Gazette on interchange titled, “Legislation Makes Credit Cards Less Secure.”

She shares, “As a whole, the Credit Card Competition Act would reduce funding for fraud protection with little to no savings for consumers while making credit cards less secure and less accessible. Please reach out to your senators and representatives in Congress. Ask them to protect the security credit card purchases and the accessibility of consumer credit by opposing the Credit Card Competition Act."

Read the full article here, and take action to tell your lawmakers that interchange works. 

Iowa Credit Union League Opposed to Interchange Bill

The Credit Card Competition Act (CCCA), recently introduced in Congress, would significantly alter a credit card payment system that currently works for all parties involved, while raising costs and threatening data security for Iowa consumers.

“The proposed changes to the interchange process will uproot a payment ecosystem that offers robust security, fraud protection, and will reduce access to credit for Iowans that often have the most difficulty accessing it," says ICUL President and CEO Murray Williams.

For more information on this issue click here or read the full press release.

Special Events Offered at 2023 Iowa Credit Union Convention

The 2023 Iowa Credit Union Convention will be held September 13-15 in Coralville. Register soon, as early-bird registration will end on July 31.

Special Convention Events

Hack for CUPAC Golf Outing: Registration for the 18-Hole, Four Person Best Ball Tournament begins at 9:00 a.m. at Airport National Public Golf Course in Cedar Rapids with a shotgun start at 10:00 a.m.

Iowa Credit Union Foundation Benefit Night Fundraiser: Attend Benefit Night on Thursday, September 14 to enjoy a delicious meal and live entertainment! You will also have the opportunity to help us recognize outstanding credit union leaders through the presentation of the ICUF Community Impact Awards.

Webinar Recording: Credit Unions are in the Relationship Business

Filene, TruStage, and ViClarity experts were featured in a webinar on June 22, Credit Unions Are in the Relationships Business.

View the webinar recording and accompanying report here.

Membership growth and driving loan revenue continue to be top priorities for credit unions. An innovative solution that an increasing number of credit unions are implementing and experiencing growth through is ITIN lending, which can help credit unions achieve business results and differentiate their brand while building more inclusive economies.

HousingIowa Conference Offers Education, Incubator Competition

This year’s HousingIowa Conference takes place in Cedar Rapids on September 6-8. This is Iowa’s premier housing event, drawing nearly 1,000 housing professionals and illuminating how Housing is the Start for economic opportunity and thriving Iowa families, communities and businesses. View the agenda and register here.

Entries for the Iowa Homeownership Incubator Pitch Competition are due August 1.

Registration Open for TruStage's Discovery 2023 Conference

Kickstart your 2024 strategic planning initiatives with TruStage’s free virtual Discovery 2023 Conference on August 10. The focus of this year’s event will be on accelerating the development of credit unions’ digital financial ecosystems of the future. View the agenda and register here.

Register for a CUPAC Summer Social Near You

Join us for a happy hour to benefit the Credit Union Political Action Committee (CUPAC)! Click the locations below to register for the summer social near you:

• Des Moines: July 20 at 5:30 p.m., Kinship Brewing Company
• Cedar Rapids: July 27 at 5:30 p.m., Cedar Ridge Winery & Distillery
• Quad Cities: August 31 at 5:30 p.m., Crawford Brew Works

For questions about registration, please email [email protected].

Legal Tip: Voluntary Debt Cancellation Refund Upon Prepayment

Effective July 1, 2023, Iowa Code §537.2510(10) requires an indirect auto lender who purchased a retail installment contract with voluntary debt cancellation coverage to provide notice of a consumer’s prepayment to the dealer within 30 days of the prepayment. The dealer then must determine whether the consumer is eligible for a refund of any of the voluntary debt cancellation coverage and issue the refund required directly to the consumer within 60 days.

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. (BHM). Find more information here and follow BHM on LinkedIn.

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.

• Community 1st Credit Union Names Nathan Caraway as Board Member
• Proposed Federal Legislation Threatens Security of Credit Card Payment Data; Will Increase Cost of Financial Services
• 20 MEMBERS1st Employees Earn Financial Counseling Certification