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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.

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