NAFCU statement on Janet Yellen as next Federal Reserve Board Chair

WASHINGTON, DC (November 14, 2013) — National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement today regarding the president’s nomination of Federal Reserve Vice Chair Janet Yellen to succeed Ben Bernanke as chair. Yellen is testifying today before the Senate Banking Committee on her nomination:

“Gov. Yellen has a long and impressive record in academia and in her past positions leading the Council of Economic Advisers and the Federal Reserve Bank of San Francisco,” said Berger. “NAFCU looks forward to working with her on issues important to the Fed and credit unions upon her confirmation.”

Yellen met with NAFCU’s board last December at Fed headquarters to discuss the association’s 2012 Report on Credit Unions and issues of interest to both the Fed and credit unions. It was the 20th consecutive year the Fed hosted such a meeting with NAFCU.

NAFCU Chief Economist David Carrier is available for comment today. Please send requests to

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The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public. 

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