WASHINGTON — Following the release of NCUA’s Member Services Assessment Pilot Program report, CUNA informed members of Congress that it would be pursuing legislation to allow all federal credit union charter types to adopt underserved areas.

In a letter delivered to the chairmen and members of the Senate Banking and Finance Committees, as well as the House Ways and Means and Financial Services Committees, CUNA President/CEO Dan Mica wrote, “While NCUA’s report presents an accurate picture of who federal credit unions are now serving, it is clear that credit unions could be even more inclusive in serving greater numbers of Americans of modest means. The report highlights the fact that traditional field of membership restrictions have generally inhibited credit unions’ ability to reach out to greater numbers of underserved individuals and proposes legislative changes to address these restrictions.” Along these lines, CUNA, its member state credit union leagues and credit unions nationwide will be contacting Congress to urge enactment of these legislative proposals.

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?


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 © 2022 ALM Global, LLC. All Rights Reserved.