NAFCU touts CU difference on Capitol Hill

NAFCU’s award-winning advocacy team was on Capitol Hill Friday briefing legislative staff members on the credit union difference, including basics on structure, share insurance, regulatory oversight, industry priorities, and how credit unions are committed to serving their 135 million members.

NAFCU Senior Vice President of Government Affairs Greg Mesack, Vice President of Legislative Affairs Brad Thaler, Senior Director of Legislative Affairs Chad Adams, Senior Associate Director of Legislative Affairs Lewis Plush, and Senior Associate Director of Legislative Affairs Amber Milenkevich presented to dozens of staffers in the Rayburn House Building.

During the briefing, NAFCU detailed how the cooperative, non-profit structure of credit unions allows the industry to reinvest in its members and communities it serves, as well as the economic impact of the industry’s tax-exempt status.

In light of recent bank failures and turmoil in the financial system, the association touted credit unions as safe, secure, and reliable financial providers for Americans. As banks have closed more than 11,000 branches over the past decade, NAFCU highlighted how credit unions have stepped up to fill the voids and how allowing all credit unions to add underserved areas to their fields of membership would support consumers and Main Street small businesses.

 

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