Three advocacy topics to consider as you head to GAC
Each year, more than 5,000 credit union attendees gather at CUNA’s Governmental Affairs Conference (GAC) in Washington, D.C., for the same purpose: to advocate for the credit union industry. We’ll be at GAC, too, hiking the hill alongside credit union leaders and members and advocating for credit union system priorities.
As you head to Washington, D.C., or follow the conference from afar, here are three advocacy topics to think about.
- Credit unions need regulatory relief.Credit unions offer members many benefits, including affordable financial services. However, as regulatory burden increases, credit union members end up paying the price. According to CUNA, regulatory burden subjects 105 million credit union members to higher loan rates, longer wait times for loan approvals, limited access to modernized technology and fewer and more expensive services and products. This translates to a loss of $71 each year per credit union member.