WASHINGTON-Though NAFCU had worked with Wayne Abernathy in his capacity at the Senate Banking Committee, the trade organization was not going to sit idly by after he was named assistant treasury secretary for financial institutions. In a recent meeting, NAFCU reminded Abernathy of the president’s (then-governor’s) pledge not to tax credit unions, which he confirmed the administration was not interested in doing. NAFCU senior officials also discussed with Abernathy general credit union trends, savings initiatives, the importance of the regulatory relief legislation, the Small Business Administration’s 7(a) lending program, and credit unions’ low-income efforts. NAFCU President and CEO Fred Becker, Senior Vice President and General Counsel Bill Donovan, Chief Economist Tun Wai, and Director of Regulatory Affairs Gwen Baker attended the meeting.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.