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NAFCU to lawmakers: Reasons to be thankful for CUs
In light of continuous banker attacks and challenges to the credit union tax exemption, NAFCU Vice President of Legislative Affairs Brad Thaler flipped the erroneous narrative and shared 10 reasons to be thankful for credit unions in an email to Capitol Hill.
NAFCU consistently works to set the record straight on the differences between credit unions and banks as the banking industry continues to lobby to have their requirements relaxed while trying to put those same requirements on credit unions. See credit unions' benefits for yourself.
In the message sent Tuesday, Thaler highlighted a number of reasons to be thankful for credit unions, including:
- credit union interest rates and returns on savings;
- the industry's commitment to diversity and inclusion; and
- how credit unions stepped up during the financial crisis and last year's government shutdown.
Thaler noted that in addition to their work in communities and service to members, credit unions support bank customers. Contrary to bankers' claims, competition from credit unions is good for the economy. Bank customers benefited by an estimated $102.2 billion from 2006-2015.
Join NAFCU in its award-winning advocacy efforts to ensure lawmakers and regulators see the credit union difference, too. The association's Grassroots Action Center is a great tool where credit unions can get contact information for their respective lawmakers, and includes advocacy campaigns and background information on key credit union issues.