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NAFCU Calls for Congressional Probe of Banker Activities, Including Secretive Website

The group's president demands answers for an anti-credit union website run by the American Bankers Association.

Banks versus credit unions.

NAFCU President/CEO B. Dan Berger on Thursday called on a House subcommittee to investigate anti-credit union activities by banks, including a secretive website that has been operated by the American Bankers Association.

The CU Times reported on Wednesday that the website, explorecreditunions.com, which had been registered through a proxy, was changed to show that the American Bankers Association owned and operated the site.

“Unfortunately, while credit unions are busy focusing on serving their 117 million members, bankers continue to put resources into attacks on credit unions in an effort to eliminate competition, despite continuing profits,” Berger said in a letter to Rep. Al Green (D-Tx.), chairman of the House Financial Services Committee’s Oversight and Investigations Subcommittee.

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