NYCUA, CUNA issue statement on Sen. Schumer being named senate majority leader

WASHINGTON, DC (January 21, 2021) — The New York Credit Union Association (NYCUA) and Credit Union National Association (CUNA) issued a statement today congratulating Sen. Chuck Schumer (D, N.Y.) on being named Majority Leader of the United States Senate.

“The New York Credit Union Association and Credit Union National Association congratulate Sen. Schumer for the recognition bestowed on him by his colleagues. Sen. Schumer has worked with credit unions for many years to advance consumers’ financial well-being – most recently by ensuring credit unions could participate and support small businesses through the Paycheck Protection Program. He’s long championed the credit union tax status and clearly understands the critical role of credit unions in the financial services landscape. As our economy rebuilds, we look forward to continuing our work with the new majority leader, his caucus, and all members of Congress to bring the benefits of credit unions to even more Americans.”

About CUNA

Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 135 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit To find your nearest credit union, visit

About the New York Credit Union Association:

For more than 100 years, the New York Credit Union Association has served as the trade association for the state’s credit unions, which collectively hold more than $100 billion in assets and serve more than 6 million members. NYCUA advances the credit union movement by advocating, educating, uniting and supporting the interests of all New York credit unions. To learn more about NYCUA, visit To find a credit union or learn more about the credit union movement, visit


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