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Warren Bill Demonstrates CU Advocacy Success

CUNA discusses the significance of Democrats' decision to exclude CUs from the Community Reinvestment Act.

By Ryan Donovan | March 13, 2019 at 05:03 PM
United States Capitol dome silhouette and the national flags of U.S. rounding Washington Monument – Washington D.C. (Image: Shutterstock).

For credit unions, we’re always ready to remind folks that our credit union mission and structure are designed to maximize our ability to uplift those unserved by traditional financial service institutions. Whether we’re advocating to preserve our tax status or calling for fair, common sense regulation, it’s the tent pole of our advocacy playbook. I recognize that, and I’m very aware that it sets us up for all sorts of jibes from those other financial institutions.

The thing is, we always talk about it because we can back it up – and lawmakers know it. While regulators talk openly about how “disappointed” they are in the nation’s biggest banks, lawmakers time and again see the way that credit unions step up to the plate to keep folks on their feet through the toughest of times, and they continue to put their faith in us.

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