WASHINGTON — Citing the strong work of credit unions in servingthe underserved and their record as responsible lenders, NAFCUurged the platform committees of both parties to endorse regulatoryrelief measures pending before Congress.

NAFCU President and CEO Fred Becker wrote that passing theCredit Union Regulatory Improvements Act (CURIA), which includesrisk-based capital reform and raises the member business lendingcap from 12.25% to 20%, would help credit unions provide morepeople with much-needed access to capital.

“CURIA would also allow credit unions, regardless of chartertype, to add underserved areas to their field of membership. Thiswould make a necessary clarification, enabling credit unions tohelp those who other institutions have turned their backs on andleft behind,” Becker wrote in letters to Democratic and Republicanplatform committee members.

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