WASHINGTON, DC (March 13, 2017) — Ken Krueger, CEO of Lutheran Federal Credit Union in St. Louis, Mo., will testify on behalf of the National Association of Federally-Insured Credit Unions (NAFCU) Wednesday before a House Financial Services subcommittee regarding the process for chartering a new financial institution.
Wednesday, March 15, 2 p.m. Eastern – House Financial Services Committee Subcommittee on Financial Institutions and Consumer Credit
Krueger will discuss the process his credit union went through to get a charter from the NCUA; application was made in 2013 and 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.
