Following Senate confirmation, Yellen to serve as Treasury Secretary

The Senate Monday, via a 84-15 bipartisan vote, approved the nomination of former Federal Reserve Chair Janet Yellen to serve as Treasury Secretary. NAFCU worked closely with Yellen during her time on the Federal Reserve Board, including meeting with her at the Fed’s headquarters.

“NAFCU applauds the confirmation of Janet Yellen to serve as Treasury secretary,” said NAFCU President and CEO Dan Berger. “The Treasury Department plays a key role in ensuring the American people get the economic relief they need to emerge from the pandemic better, stronger and financially sound.

“NAFCU has a strong relationship with Secretary Yellen, and we previously met with her at the Federal Reserve Board headquarters,” Berger added. “We look forward to continuing our successful relationship with her as credit unions remain critical to helping our nation overcome this disastrous pandemic.”

In previous meetings with Yellen, the NAFCU board presented the association’s Annual Report on Credit Unions, which details the latest issues affecting credit unions and impacts the Fed’s actions have on the industry. Read NAFCU’s 2020 report.


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