Highway bill victory for credit unions
WASHINGTON, DC (December 1, 2015) — Following the release of the conference committee’s draft highway and transit bill, Credit Union National Association (CUNA) president/CEO Jim Nussle issued the following statement:
“This is a huge victory for credit unions and the over 100 million credit union members CUNA represents. The bill includes several key CUNA-backed provisions that will help remove barriers for credit unions to better serve their members. CUNA has long supported modernizing privacy notification requirements, allowing privately insured credit unions to become members of the Federal Home Loan Bank (FHLB) system and directing the CFPB to establish a process for determining whether an area should be designated as rural which could impact the products credit unions offer. CUNA worked closely with lawmakers and staff on these provisions and we look forward to seeing the highway bill come to a vote in the House and Senate this week.”
About CUNA
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.
