Credit unions united in need for small business lending
WASHINGTON, DC (September 29, 2016) — The Credit Union National Association (CUNA) and the National Association of Federal Credit Unions (NAFCU) joined forces today in their commitment to protecting credit unions’ interests. The trade associations plan to use Williams & Connolly LLP to challenge a lawsuit recently filed by the Independent Community Bankers of America (ICBA) against the National Credit Union Administration (NCUA) and its member business lending rule.
“With approximately 6,000 credit unions that represent nearly 105 million Americans, NAFCU and CUNA/League system will take whatever actions are necessary to protect and defend the interests of credit unions and small businesses,” said Dan Berger, president/CEO of NAFCU, and Jim Nussle, president/CEO of CUNA. “Our trade associations support the NCUA’s member business lending rule, which is consistent with the law and allows small businesses more access to the capital they need.”
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.
About NAFCU
The National Association of Federal Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter. For additional information on credit unions, go to www.CULookup.com.
