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Berger shares importance of CU, gov’t connection at AACUC
NAFCU President and CEO Dan Berger Tuesday presented the keynote address at the African-American Credit Union Coalition’s (AACUC) 25th Anniversary Annual Conference in Atlanta, Ga. In his remarks, Berger discussed how NAFCU fights to preserve the credit union industry’s legacy through its advocacy in Washington, D.C.
“One of the cornerstones of our industry is the credit union tax exemption,” Berger said. “Congress granted this status in 1937, recognizing credit unions’ unique structure and mission. We’ve fought to protect the tax exemption, despite non-stop, hypocritical attacks from banks, because you’ve earned it. You uphold the responsibility that comes with it by investing in your communities, prioritizing diversity, equity, and inclusion in financial services, and helping your members through the highs and lows of life.
“Banks may want the perks of our exemption, but they definitely don’t want the responsibility that comes with it.”
Berger emphasized credit unions’ commitment to serving their 137 million members and communities, and how the industry bolsters the financial success of the nation as a whole. He also detailed NAFCU’s advocacy priorities to support the industry’s ability to grow and protect it from bad policies that will hurt institutions, individuals, and small businesses.
“NAFCU is committed to protecting the credit union industry’s legacy and future from government overreach. We stand ready to take on any challenges facing the industry. Remember, we work for you,” Berger concluded.
NAFCU has a long partnership with AACUC in support of diversity, equity, and inclusion efforts, scholarships, and strengthening the credit union industry.