CUNA dispels banker CU myths in Capitol Hill messages
CUNA reached out to Capitol Hill Thursday with a graphic containing credit union facts to dispute inaccurate banker attacks, the first in a series CUNA will be sending in the coming days. Protecting the credit union tax status is a top advocacy priority for CUNA.
The graphics set the record straight about many erroneous banker claims about credit unions. The first highlights that U.S. banks hold nearly $17.5 trillion in assets (compared to credit unions’ $1.395 trillion), and the typical bank is seven times larger than the typical credit unions. This runs counter to claims that the credit union industry is “growing too large.”
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