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NAFCU Survey Shows Interest in Serving the Underserved

Credit unions don't want the added regulatory burden of complying with the Community Reinvestment Act, but 40% of those surveyed said they would add an underserved area to their field of membership if the law were changed to let them do so.

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Credit unions don’t want the added regulatory burden of complying with the Community Reinvestment Act, but 40% of those surveyed said they would add an underserved area to their field of membership if the law were changed to let them do so.

Those are among the findings of NAFCU’s recently released Flash Report. The survey found that 66.7% of respondents have an underserved area as part of their membership and of those, 97.2% have outstanding loans in those areas.

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Peter Westerman

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