America's Credit Unions

Last updated
America's Credit Unions
Founded2024;1 year ago (2024)
Merger of Credit Union National Association, National Association of Federally-Insured Credit Unions
Type 501(c)(6)
Purpose Trade association
Headquarters99 M Street SE #300, Washington, D.C., U.S.
Jim Nussle
Website www.americascreditunions.org

America's Credit Unions is a national trade association for both state- and federally chartered credit unions located in the United States. It was launched in 2024 as part of the merger between the Credit Union National Association (CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU). Once fully operational in 2025, America's Credit Unions will provide its member credit unions with trade association services, such as lobbying, regulatory advocacy, professional development, and professional services management. The organization is headquartered in Washington, D.C.

Contents

History

On August 1, 2023, the CUNA and NAFCU boards of directors announced their intent to merge, forming a new entity called America's Credit Unions. [1] The merger was approved by CUNA and NAFCU members and became effective on January 1, 2024, when CUNA and longtime CUNA CEO Jim Nussle is the president and CEO of the new association. [2]

CUNA and NAFCU will continue to operate as distinct organizations under the America's Credit Unions brand while they combine their operations throughout 2024. In March 2024, the organization announced plans to lay off about a quarter of CUNA's Madison, Wisconsin-based workforce. [3]

On December 12, 2024, America's Credit Unions joined other banking trade groups to block the Consumer Financial Protection Bureau's proposed rule limiting overdraft fees to $5 for banks and credit unions with over $10 billion in assets. [4]

Scott Simpson was announced as the president and CEO of America’s Credit Unions, effective November 3, 2025, succeeding Jim Nussle. [5]

See also

References

  1. ↑ Gargano, Frank (August 1, 2023). "NAFCU, CUNA credit union trade groups agree to merge". American Banker. Retrieved 7 April 2024.
  2. ↑ Ogden, Michael (December 29, 2023). "2024 Rings in America's Credit Unions". Credit Union Times. Retrieved 7 April 2024.
  3. ↑ DuPlessis, Jim (March 7, 2024). "Credit Union Trade Group to Cut 25% of Wisconsin Workers". Credit Union Times. Retrieved 7 April 2024.
  4. ↑ "America's Credit Unions files lawsuit to block CFPB overdraft rule | America's Credit Unions". America's Credit Unions. America's Credit Unions. December 12, 2024. Retrieved 2025-04-11.
  5. ↑ Ogden, Michael (August 13, 2025). "Scott Simpson Named President & CEO of America's Credit Unionsm Nussle on Nov. 3,". Credit Union Times. Retrieved 14 August 2025.
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