Three takeaways from GAC 2024
Elan Credit Card was excited to sponsor and attend the 2024 Governmental Affairs Conference (GAC) put on by the freshly formed “America’s Credit Unions,” the merger of Credit Union National Association (CUNA) and the National Association of Federally-Insured Credit Unions (NAFCU).
From March 3–5, the Elan team was able to attend valuable sessions, connect with current partners in person, and discuss upcoming advancements, trends and needs with thousands of credit union professionals in Washington D.C.
Throughout the conference, many industry leaders took the stage to share their credit union stories and predictions. The following themes resonated with our team as the main three takeaways:
1. Liquidity and rising losses: Continued inflation, the difficulty to raise deposits, increasing fraud, and rising delinquencies and losses have credit union leaders pondering balance sheet strategies that include potential alternative approaches for their credit card products.
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