As the Trump Administration evaluates the federal law that requires banks to invest in their home communities, bankers and the Government Accountability Office are suggesting that maybe it’s time for credit unions to be added to the Community Reinvestment Act.

But credit unions argue that their very mission is to serve their communities and therefore there is no need to add a layer of regulations to their already heavy regulatory burden.

David Baumann


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2023 ALM Global, LLC. All Rights Reserved.