WASHINGTON, DC (March 16, 2017) — Ken Krueger, CEO of Lutheran Federal Credit Union in St. Louis, Mo., will testify on behalf of NAFCU Wednesday before a House Financial Services Subcommittee on the process for chartering a new financial institution.
Wednesday, March 15, 2:00 p.m. – House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit
Krueger will discuss the process his credit union went through when it applied for a charter from the NCUA in 2013 and was approved in December 2014. He will also discuss the current regulatory burden faced by today’s credit unions, the Federal Credit Union Act and governance modernization.
Prepared testimony will be provided in the morning prior to each hearing. Direct any inquiries to ftaylor@nafcu.org.
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.
