WASHINGTON, DC (September 9, 2016) — The National Association of Federal Credit Unions (NAFCU) announced its membership has voted to approve the board’s unanimous recommendation to amend the association’s Articles of Incorporation. This historic vote grants federally-insured, state-chartered members full voting rights and the ability to run for and serve on the NAFCU Board of Directors. It also reinforces NAFCU’s focus on credit union issues at the federal level.
“This decision is vital to the growth and success of NAFCU and supports our goal of serving all federally-insured credit unions at the federal level so we may become a stronger, more impactful organization,” said Richard L. Harris, chair of the NAFCU Board of Directors. “While this is great news for NAFCU and the industry, we remain focused on providing our members the best in federal advocacy, education and compliance assistance.”
For nearly half a century, NAFCU has represented credit unions nationwide before key policymakers and regulators in Washington. That work keeps NAFCU in front of Congress, the National Credit Union Administration (NCUA), the Consumer Financial Protection Bureau (CFPB) and other regulators and executive offices. Having led the fight for federal share insurance for credit union members, NAFCU has long recognized that its advocacy efforts at the federal level have an impact on all credit unions, both federal and state-chartered.
“NAFCU’s Board, staff and I are pleased with the membership’s decision to grant federally-insured, state-chartered members full voting rights,” said NAFCU President and CEO Dan Berger. “State-chartered members make up an important and growing part of our membership. We expect state-chartered membership to grow even further with this decision.”
“Allowing state-chartered members to vote and sit on the board further strengthens our voice and ability to best represent our members before Congress, the NCUA, the CFPB and other key policymakers at the federal level,” said Harris. “Our state-chartered members are now eligible to participate in the 2017 election cycle for the NAFCU Board of Directors.”
NAFCU commissioned an independent, third-party elections company, Election-America, to administer the vote. Election-America is a nationally-recognized company that helps to manage elections for trade associations and credit unions.
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.
