WASHINGTON, DC (January 6, 2014) -- National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement today regarding the Senate confirmation of Janet Yellen as Federal Reserve Board chair.
“We congratulate Governor Yellen on her confirmation and look forward to a continued, productive dialogue with the Federal Reserve on issues important to credit unions and their communities,” said Berger.
NAFCU’s board met with Governor Yellen at Federal Reserve Board headquarters last December.
Yellen will serve a four-year term as chair of the Federal Reserve Board that continues through January 2018.
Testifying Nov. 14 before the Senate Banking Committee, Yellen acknowledged the need for regulatory relief for small institutions, including credit unions.
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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.