WASHINGTON, DC (August 9, 2016) — The National Association of Federal Credit Unions (NAFCU) announced that its Board of Directors unanimously voted to amend NAFCU’s Articles of Incorporation to give federally-insured, state-chartered credit unions full membership. A vote will open to NAFCU’s membership tomorrow and will close on Sept. 9. If approved, state-chartered NAFCU members would have full voting rights and be eligible to vote on all NAFCU matters, including elections. In addition, full membership would allow state-chartered members to run for and serve on the NAFCU Board of Directors.
“This announcement is a natural evolution of NAFCU’s mission and supports our goal to help all federally-insured credit unions with federal issues by becoming a stronger, more impactful organization,” said Richard L. Harris, chair of the NAFCU Board of Directors. “This unanimous decision included enthusiastic support from our board and staff. NAFCU will remain focused on representing our members at the federal level.”
For nearly half a century, NAFCU has represented federal credit unions nationwide before key policymakers and regulators in Washington, including Congress, the National Credit Union Administration and the Consumer Financial Protection Bureau. Having led the fight for federal share insurance for credit union members, NAFCU has long recognized that its advocacy efforts at the federal level have an impact on all credit unions, both federal and state-chartered.
“NAFCU’s Board has once again shown tremendous leadership,” said NAFCU President and CEO Dan Berger. “The NAFCU staff and I are thrilled about their decision to offer state-chartered members a seat at the table. If our membership votes in favor of the board’s unanimous recommendation, NAFCU-member credit unions would benefit from an even stronger and more influential partner in Washington, D.C. This change would strengthen the voice of all NAFCU-member credit unions and our industry at the federal level.”
It is business as usual for staff at NAFCU’s headquarters and for the association’s members. NAFCU will continue providing its members with the best in federal advocacy, education and compliance assistance.
“As NAFCU continues to grow, state-chartered members should have an equal vote and seat at the table, for the benefit of our membership and the industry,” said Harris. “One member – one vote.”
The National Association of Federally-Insured 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.
