MONTREAL – NAFCU's June 23 announcement that it opened up membership to state chartered credit unions will extend the trade association's reach to approximately 2,500 more credit unions.
The move will give the federally insured cooperatives new opportunities to access previously untapped resources related to federal advocacy, NAFCU said.
However, the trade said it does not plan to expand its advocacy activities to the state level, and its state chartered credit union members will not be permitted to serve on NAFCU's board or vote in board elections.
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