Jason Stverak

3 weeks ago | cuinsight.com | Robbie Young |Jason Stverak |Nick Coleman |Bill Brown

Recently, there have been discussions about how DCUC advocates for military financial well-being amid the ongoing concerns over the Treasury nominee. DCUC has expressed its concerns to the Senate Finance Committee regarding the nomination of Ken Kies as Assistant Secretary of the Treasury for Tax Policy. In a letter to the committee, DCUC urged them to question Kies about his past advocacy for repealing credit unions' tax-exempt status.

3 weeks ago | cuinsight.com | Jason Stverak |Nick Coleman |Bill Brown |Katie Stone

The Community Development Financial Institutions (CDFI) program has been a cornerstone of financial empowerment for underserved communities for over 30 years. Following President Trump’s March 14 executive order seeking to scale back the CDFI Fund, concerns have mounted over the potential consequences of this decision. However, there has been recent reports that the Treasury has stated all CDFI programs are legal.

1 month ago | cuinsight.com | Nick Olexa |Jason Stverak |Greg Mesack |John Pettit

I grew up in a small Michigan community, just outside a well-known city home to a world-class university. Our town had two national banks on Main Street, several doors down from each other. Over the years, a few regional and community banks also opened their doors on the fringes of town. Regardless of their size or location, every single one of these financial institutions has since changed ownership or rebranded through merger or acquisition.

Jan 24, 2025 | cutoday.info | Jason Stverak

By Jason StverakThe practice of “debanking”—closing or restricting business and personal accounts without clear justification—has become an alarming trend in the banking industry. This issue has affected countless individuals and businesses, often leaving them without access to essential financial services. While the reasons for debanking vary, ranging from regulatory scrutiny to reputational risk concerns, the lack of transparency has sparked widespread criticism.

Jan 24, 2025 | cutimes.com | Jason Stverak

Correcting bankers’ rhetoric and urging Congress to safeguard the tax-exempt status of CUs is more imperative than ever. Credit/Shutterstock The persistent narrative promoted by the banking industry misrepresents the purpose and impact of the credit union tax exemption. These misconceptions both distort public understanding and jeopardize the impact credit unions can continue having on over 140 million Americans.