Press

NAFCU Board to Meet with Federal Reserve’s Powell and CFPB’s Cordray

WASHINGTON, DC (December 2, 2014) — The National Association of Federal Credit Unions (NAFCU) Board of Directors is scheduled to meet Dec. 4 with Federal Reserve Board Governor Jerome Powell and, later that day, Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to discuss a wide range of credit union issues.

NAFCU’s board, during its meeting with Powell, will present findings of the 2014 NAFCU Report on Credit Unions. The meeting with Cordray will address important issues under the bureau’s authority that impact the credit union industry.

The information gathered in the 2014 NAFCU Report on Credit Unions is based on the association’s Federal Reserve Meeting Survey, an annual assessment of NAFCU members covering topics discussed in the report. It also uses information from NAFCU’s Economic & CU Monitor, CU Industry Trends Report and the association’s 2014 study, “Economic Benefits of the Credit Union Tax Exemption to Consumers, Businesses and the U.S. Economy.” The 2014 NAFCU Report on Credit Unions will be available at www.nafcu.org/research/reportoncreditunions on Dec. 3.

The National Association of Federal Credit Unions is the only national trade association that exclusively represents the interests of federally chartered credit unions before the federal government and the public.

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