NAFCU’s 2019 Fed Report outlines challenges, recommends relief for CUs

by NAFCU Newsroom

The 2019 NAFCU Report on Credit Unions is now available online, detailing the latest issues and trends affecting credit unions as the industry continues to grow and strengthen, despite regulatory burdens and challenges. Members of NAFCU’s Board of Directors last week shared the results of the report during the association’s annual meeting at the Federal Reserve.

“The credit union industry has seen an immense year of growth, despite ever-present regulatory and compliance challenges, with over 118 million Americans putting their trust in credit unions all over the country,” said NAFCU President and CEO Dan Berger. “NAFCU is proud to serve as the industry’s Washington Watchdog and looks forward to advocating on these issues in the coming year.”

The latest edition of the report includes vital information on five key areas:

  • credit union financial conditions and their role in the economy;
  • credit union service to members;

 

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