
We’ve replaced the By the Way newsletter with KCU Connect, a refreshed format designed to share stories, deliver timely updates, and highlight the news that matters most to Kentucky’s credit unions. With clearer sections, quick links, and a more community-focused approach, KCU Connect will make it easier to stay informed and connected across our movement.
Have an announcement or news article you would like to submit? Send us an email!
In Frankfort & D.C.
As we move through October and toward Election Day, there is no shortage of headlines competing for our attention. From ongoing discussions in Washington regarding federal programs and funding priorities to policy debates here in Kentucky, the pace of change can sometimes feel relentless. Yet amid all the noise, one thing remains clear: engagement matters.
The credit union movement continues to thrive because people choose to get involved. Whether it's sharing your Credit Union story with a legislator, participating in advocacy initiatives, attending a town hall, or simply staying informed about the issues that affect your members, meaningful change begins when individuals engage.
Why It Matters
For credit unions, that means continuing to tell our story. It means helping policymakers understand the positive impact credit unions have on working families, small businesses, local communities, and individuals seeking a trusted financial partner.
The issues and personalities involved in public policy may change over time, but the value of maintaining strong relationships and open dialogue with decision-makers remains constant. Recent policy discussions in both Frankfort and Washington, D.C., are good reminders that public policy decisions can and do have meaningful consequences for the communities Credit Unions serve and for Credit Unions themselves.
While specific proposals and headlines will continue to evolve, our responsibility remains the same: stay informed, stay engaged, and continue advocating for policies that allow Credit Unions to meet the financial needs of their members.
What’s Next
As your advocacy team, we remain actively engaged with lawmakers, regulators, and industry partners in both Frankfort and Washington. We are monitoring developments, sharing your stories, and working every day to ensure the credit union perspective is heard.
No matter the outcome of the election next week or any election, our mission remains unchanged. Kentucky's Credit Unions are built on the mission of people helping people, and we will continue advocating for policies that strengthen our movement, empower our members, and support the communities we call home.
Thank you for your continued engagement and support. Together, we will ensure that Kentucky's Credit Unions continue to have a strong and effective voice wherever decisions are being made.
Please reach out with any questions or if we can be of service in any way.
Sincerely,

Kyle Hagerty
SVP & Chief Advocacy Officer
November 10, 2026 | 2:00 PM ET | Virtual
Practical guidance for your credit union’s compliance program
Stay current on Bank Secrecy Act requirements and help your team recognize potential risks. Join us for virtual training covering key BSA/AML responsibilities and common compliance challenges
What we will cover:
Build your team’s knowledge and strengthen your approach to BSA compliance!
It's never too early to start planning for next year! Kentucky's Credit Unions is looking forward to another year of bringing credit union professionals and volunteers together for education, networking, and opportunities to share ideas. We have several exciting events planned for 2027, so mark your calendars and make plans to join us!
Executive Forum | May 6–7, 2027 | Lexington, KY
Designed for credit union CEOs and executive leaders, the Executive Forum provides an opportunity to connect with peers, exchange ideas, and discuss the challenges and opportunities facing our industry. Join us at the Marriott Lexington City Center for meaningful conversations, valuable insights, and networking with fellow credit union leaders.
Vision 2027 | August 18–20, 2027 | Louisville, KY
Our signature annual convention returns to the Omni Louisville Hotel! Vision 2027 will bring together credit union professionals from across Kentucky for engaging educational sessions, industry insights, networking opportunities, and a chance to connect with the partners and providers supporting our movement.
Board & Committee Leadership Conference | November 2027 | Dates & Location TBD
Designed for credit union board and supervisory committee members, this conference offers valuable educational opportunities focused on governance, leadership, and the responsibilities of credit union volunteers. Exact dates and location are still being finalized, so stay tuned for more details!
Save these dates and make plans to join us! Additional information, including agendas, speakers, and registration details, will be announced as plans come together.
The NCUA announced the 13th round of proposed regulatory changes as part of its Deregulation Project Tuesday.
The three new proposals include:
Watch for upcoming Regulatory Comment alerts from America’s Credit Unions requesting member feedback on the proposals.
Source: www.americascreditunions.org
The NCUA’s renewal of Office of Management and Budget information collection related to anti-money laundering/countering the financing of terrorism (AML/CFT) provided America’s Credit Unions the opportunity to share credit union perspectives on the need for regulatory relief.
A letter sent to NCUA Wednesday shares recent survey data collected from credit unions on the burden of Suspicious Activity Report/Currency Transaction Report (SAR/CTR) reporting.
The letter urges the NCUA to take a closer look at whether its estimate for maintaining an AML/CFT program accurately reflects the burden on credit unions of different sizes and complexity.
It also reiterates America’s Credit Unions’ support for higher SAR and CTR reporting thresholds, simpler filing requirements, and broader Bank Secrecy Act modernization, and encourages the NCUA to support those changes in its work with the Financial Crimes Enforcement Network.
Source: www.americascreditunions.org
Just a friendly reminder to take advantage of the amazing resources available to you through Kentucky’s Credit Unions, including InfoSight360 and the Woods Rogers Compliance Hotline! These resources are here to support you, answer your questions, and help you navigate the ever-changing world of compliance. Don’t forget to use them — that’s what we’re here for! If you need help getting connected with either resource, please let Ashley know.
-Eileen & Ashley
As we wrap up another year of KCU Connect Lunches, we want to thank everyone who joined us throughout 2026! These gatherings are a great opportunity to reconnect with colleagues, build relationships, and share ideas with fellow credit union professionals.
A special thank you to Morgan Pottinger McGarvey for sponsoring our lunches throughout the year!

We're looking forward to bringing everyone together again in 2027. Stay tuned for next year's dates and locations!
Service One Credit Union is pleased to announce the appointment of Stuart Cook as their new Director of Marketing. In this role, Cook will lead strategic marketing initiatives, brand development, and member communications across the credit union’s service areas.

Cook brings a decade of multifaceted marketing experience spanning healthcare, construction, manufacturing, and financial services.
“We are thrilled to welcome Stuart to the Service One team,” said Jennifer Martin, Vice President of Marketing & Community Development. “His extensive background across diverse industries and his deep commitment to community-driven marketing make him an exceptional fit for our organization. As we continue to expand our reach and deepen relationships with our members, Stuart’s leadership and fresh perspective will be invaluable.”
A native of Beaver Dam, Kentucky, Cook originally came to Bowling Green to attend Western Kentucky University, where he earned a Bachelor of Arts in Public Relations. After spending several years living and working in Nashville, he has returned to make his home once again in Bowling Green.
Outside of his professional career, Cook is an avid tabletop gamer and reader who serves as a virtual community organizer, coordinating global online gaming groups and introducing new players to the hobby.
The future of financial education in our community is looking brighter at Flyer Credit Union, the student-run branch we proudly sponsor at Franklin County High School. As part of our ongoing commitment to supporting local students, we recently completed a remodel of the in-school branch, giving the space a fresh, modern look that better reflects the exciting opportunities available through credit union membership. The renovation included new wall and door graphics, updated branding elements, and eye-catching in-branch posters designed to create a welcoming and engaging environment for students.

The updated branch is more than just a new look. It is an investment in the financial futures of Franklin County students. By creating a modern and inviting space, we hope to encourage more students to visit Flyer Credit Union. The branch serves as a valuable educational resource, helping students build financial confidence.
Supporting Flyer Credit Union is one of the many ways we give back to the communities we serve. We believe that investing in local schools and financial education programs helps strengthen our community for generations to come. By providing students with access to real-world financial experiences in a newly refreshed environment, we are helping prepare tomorrow’s leaders for success while reinforcing our commitment to education, community involvement, and the financial well-being of our members.
End of an Era for CUNA Strategic Services
Earlier this year, America's Credit Unions made the decision to exit its majority ownership interest in CUNA Strategic Services (CSS). That decision reflected their continued work to “ensure (their) resources and investments are aligned with strategic priorities” and focused on the areas where they believe they can deliver the greatest value to their members. In addition, their review of the service landscape highlighted that many of these capabilities are already available through Leagues and their affiliated service corporations.
Since then, CSS and its shareholders have carefully evaluated the available paths forward, including potential alternatives that would allow CSS to continue under different ownership.
After an extensive review, CSS shareholders have voted to dissolve the organization. While multiple scenarios were explored, elements of the vendor relationships made a sale a less viable option than a move to dissolve.
CSS will now begin an orderly wind-down, with operations concluding November 30 and final dissolution planned for December 31.
For credit unions that currently participate in CSS programs, CSS will communicate directly about provider relationships, important dates and any actions you may need to take. America’s Credit Unions will also maintain information and updates on its website throughout the transition.
For our part, Kentucky’s Credit Unions has a small ownership share of CSS, which, based on recent valuations, is equal to about $30,000. As dissolution occurs, I will keep you posted as to the impact it has on our balance sheet.
This is one of the most profound examples of how the financial engines of the League system is shifting away from the traditional “revenue share” model. For the past several years, League leadership has been working diligently to prepare us for this inevitable and impactful shift – by standing up new service lines committed to providing value to our credit unions and your members. These business lines include more intensive compliance support through Compliance+, Policy+, custom training options, and Auto Advisors, which now counts 15 credit unions as clients.
The bottom line is this: the League can’t rely solely on collected dues to support our important activities in advocacy, education, and support. We are learning that we can no longer depend on revenue sharing from vendors. The times are changing, and we have been charged with being the agents of change, and not the victims of change.
As always, we appreciate your ongoing commitment to the League.
Sincerely,

Jim Kasch
League President