NAFCU statement on 2018 midterm election results
NAFCU will focus on bipartisan Solutions, “Too Big to Fail”
WASHINGTON, DC (November 7, 2018) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement regarding the projected outcomes of the 2018 midterm elections:
“Credit unions will continue to have a strong seat at the table as we enjoy bipartisan support in Congress,” said Dan Berger, NAFCU President and CEO. “Whether working with Republicans, Democrats or Independents, our goal is to achieve an appropriate regulatory environment that provides a tailored approach to regulation, a level playing field, and transparent and independent regulatory oversight for credit unions and the 114 million members they serve.”
“Additionally, we will continue to advocate for a strong, stable financial marketplace that is capable of protecting consumers against future economic downturns. Consumers as well as small financial institutions, including credit unions, were devastated by the fallout of the bank-led 2008 financial crisis. We will continue to work with Congress to develop bipartisan solutions – such as a modern Glass-Steagall Act – to limit the havoc “too big to fail” financial institutions can beseech on our economy.”
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.