The Credit Union National Association (CUNA) and the National Association of Federal Credit Unions (NAFCU) joined forces today in their commitment to protecting credit unions' interests. The trade associations plan to use Williams & Connolly LLP to challenge a lawsuit recently filed by the Independent Community Bankers of America (ICBA) against the National Credit Union Administration (NCUA) and its member business lending rule.
“With approximately 6,000 credit unions that represent nearly 105 million Americans, NAFCU and CUNA/League system will take whatever actions are necessary to protect and defend the interests of credit unions and small businesses,” said Dan Berger, president/CEO of NAFCU, and Jim Nussle, president/CEO of CUNA. “Our trade associations support the NCUA’s member business lending rule, which is consistent with the law and allows small businesses more access to the capital they need.”