ARLINGTON, Va. — When asked about recent opinion pieces published in credit union publications, including Credit Union Times, regarding a CUNA-NAFCU merger, Becker said two reasons for maintaining NAFCU jumped into his mind.
First, NAFCU joined the legal battle with banking trade associations a couple years back to fight off separate credit card disclosure requirements in the state of California. Second, Becker took credit for NAFCU for maintaining the ability of credit union members to reaffirm their debts with credit unions in the bankruptcy reform bill two years ago.
One audience member at the MACUMA luncheon today featuring Becker said the reaffirmations saved his credit union $60,000 a year, several times what he paid in dues to NAFCU.
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Becker added that at a recent neighborhood wedding, a friend who happens to be a bankruptcy lawyer told him, "Whoever got that done for those credit unions really did a good thing."
The NAFCU CEO also pointed out, "When you take aside mergers and conversions, we've grown."
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