Living up to credit unions’ mission

There have been a lot of conversations since the Department of Justice announced the consent order against Citadel Credit Union, many of them hard but necessary.

NCUA Chairman Todd Harper indicated at our Governmental Affairs Conference earlier this year that DOJ investigations about redlining were underway, and it’s possible similar actions may still be ahead for other institutions.

We have a Compliance Blog post addressing the details, including what all credit unions should take away and consider for their own operations. Don’t hesitate to reach out to our team with any questions.

It’s important credit unions use this as an opportunity to ensure we continue to live our mission. We know that opponents of not-for-profit financial cooperatives will use this to claim we’re not meeting our intended purpose. That makes it even more important we share credit unions’ impactful stories.

 

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