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Expert Opinion

League, Credit Union Collaboration Is Essential to Advocacy

Advocacy ensures credit unions will always be here to build brighter financial futures for people.

By Jennifer Wagner | October 26, 2020 at 03:41 PM
More than 200 advocates attend the Northwest Credit Union Association’s Credit Union Day at the Capitol in Olympia, Wash., in early 2020.

Credit unions have once again proved they are consumers’ best financial partners, having moved mountains for their members this year. From the $8.3 billion in Paycheck Protection Program loans that saved Main Street jobs, to loan payment deferrals and modifications that helped consumers keep their cars and stay in their homes, they fulfilled their “people helping people” mission.

To do this extraordinary work in an environment where millions of Americans were quarantined and working remotely, credit unions needed legislative and regulatory flexibilities. It is a testament to the credit union movement that its advocacy army was so conditioned and prepared to respond as thoughtfully and as rapidly as needed.

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