Congress must work to ensure CUs can support members

by CUNA News

Credit unions improve members’ financial well-being and advance the communities they serve, CUNA wrote to Congressional leadership Wednesday, outlining several priorities for the new Congress. CUNA wrote a similar letter to the Biden administration prior to last week’s inauguration.

“As we look at the issuing facing our country and the 117th Congress, we will work to advance policy that furthers credit unions’ mission and enables them to continue the work of improving their members’ financial well-being and advancing the communities they serve,” the letter reads. “And, we will strongly resist proposals that would impair the same.”

CUNA’s letter details why and how Congress should:

  • Ensure credit unions can support members during and after the COVID-19 Pandemic by:
    • Forbearing the impact of Economic Impact Payments on credit union capital levels and regulatory thresholds;

 

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