WASHINGTON — Representatives Carolyn Maloney (D-N.Y.) and Jim Walsh (R-N.Y.), following up on a suggestion from NAFCU, introduced a resolution today to make September 2007 Federal Credit Union Month.

"We presented the resolution to Chairwoman Maloney and Representative Walsh, and they wanted to recognize the good work federal credit unions are doing for millions of Americans by having Congress designate September as Federal Credit Union Month," NAFCU Associate Director of Legislative Affairs Amanda Slater said.

The resolution (H.Res.658) recognizes that federal credit unions were founded on "the principle that persons of good character and all backgrounds, including those of modest means, joining together in cooperative spirit and action, can create thrift, create a source of credit for productive purposes and build a better standard of living for themselves." It further expresses the House of Representatives' recognition of federal credit unions' importance to the economy "and their critical mission in serving those of modest means."