CUs continue to make a difference, can do more

Credit unions are well-positioned to remove barriers to credit faced by small and minority-owned businesses, CUNA wrote to a House Financial Services Subcommittee Thursday.

“Despite field of membership restrictions, credit unions advance financial inclusion and access by locating roughly 70% of credit union branches in racially/ethnically diverse areas compared to roughly 60% of bank branches. We are pulling together as movement to support our members and make a difference in their lives, but we know that we could do more.”

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