Credit Union National Association
Encyclopedia
The Credit Union National Association, commonly known as CUNA , is a national trade association
for both state- and federally-chartered credit union
s located in the United States
. CUNA provides member credit unions with trade association services, such as lobbying, professional development, and professional services management. The organization operates out of its headquarters in Washington, D.C.
, and an operations center in Madison, Wisconsin
. The association's current President and Chief Executive Officer
is Bill Cheney.
before they qualify for national association benefits.
The Credit Union National Association is supported through dues paid by credit unions through their local league dues and fees generated from services provided. CUNA has previously operated a for-profit "CUNA Services Corp." However, many of the pass through services such as credit card processing and IRA administration have been sold to other vendors.
CUNA also houses six CUNA Councils - national organizations for credit union professionals. Run by and for credit union professionals, Councils target their networking, information and programs to key areas of credit union management.
, the World Council of Credit Unions
, and the National Credit Union Foundation
.
Trade association
A trade association, also known as an industry trade group, business association or sector association, is an organization founded and funded by businesses that operate in a specific industry...
for both state- and federally-chartered credit union
Credit union
A credit union is a cooperative financial institution that is owned and controlled by its members and operated for the purpose of promoting thrift, providing credit at competitive rates, and providing other financial services to its members...
s located in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. CUNA provides member credit unions with trade association services, such as lobbying, professional development, and professional services management. The organization operates out of its headquarters in Washington, D.C.
Washington, D.C.
Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution....
, and an operations center in Madison, Wisconsin
Madison, Wisconsin
Madison is the capital of the U.S. state of Wisconsin and the county seat of Dane County. It is also home to the University of Wisconsin–Madison....
. The association's current President and Chief Executive Officer
Chief executive officer
A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...
is Bill Cheney.
Services and support
In order to qualify for the services CUNA provides to member credit unions, a credit union must first be a member of its local state credit union leagueCredit union league
A credit union league is a United States state-level trade association for credit unions, which are non-profit financial cooperatives. Credit union leagues hold a primary interest in the Credit Union National Association ....
before they qualify for national association benefits.
The Credit Union National Association is supported through dues paid by credit unions through their local league dues and fees generated from services provided. CUNA has previously operated a for-profit "CUNA Services Corp." However, many of the pass through services such as credit card processing and IRA administration have been sold to other vendors.
CUNA also houses six CUNA Councils - national organizations for credit union professionals. Run by and for credit union professionals, Councils target their networking, information and programs to key areas of credit union management.
Employees and locations
CUNA employs approximately 70 people in its Washington, D.C. office as well as several hundred people in its Madison, Wisconsin office. The Madison campus is also the headquarters of CUNA Mutual GroupCUNA Mutual Group
CUNA Mutual Group is a mutual insurance company that provides financial services to cooperatives, credit unions, their members, and other customers worldwide. CUNA Mutual Group sells commercial and consumer insurance and protection products....
, the World Council of Credit Unions
World Council of Credit Unions
The World Council of Credit Unions is an international trade association and development agency for credit unions headquartered in Madison, Wisconsin. Members of the WOCCU include regional and national credit union associations, cooperative associations and business service organizations in 97...
, and the National Credit Union Foundation
National Credit Union Foundation
The National Credit Union Foundation ' is the United States credit union movement’s primary national charitable fundraising organization for credit union development...
.