Newsroom
NAFCU prepares steadfast advocacy strategy to achieve industry wins in 2022
Following a year of unwavering advocacy and fighting for the success of the credit union industry, NAFCU has launched its 2022 legislative and regulatory priorities which aim to achieve an operating environment where credit unions – and their 127 million members – can thrive. These priorities, set by the association’s Board of Directors, will help guide advocacy efforts and initiatives to strengthen the credit union industry.
“Credit unions are continuing their relentless efforts to help Americans recover from hardships caused by the coronavirus pandemic,” said NAFCU President and CEO Dan Berger. “Their commitment to supporting all communities, including those hit hardest by the crisis, must continue to be recognized by members of Congress.
"In these uncertain times, NAFCU and its determined Board of Directors have high expectations in 2022 to help the credit unions meet the needs of Main Street America, and is eager to continue working with the Biden administration to achieve those goals," added Berger.
NAFCU's award-winning advocacy team will continue to engage with the 117th Congress and Capitol Hill, sharing the priorities with lawmakers and their staff to keep credit union issues top of mind.
In addition, NAFCU will continue to build upon its five tenets, with priorities encompassing:
- Growth: Advocating for legislation and regulation that helps credit unions grow membership, loans and retained earnings.
- Technology and Innovation: Supporting innovation so credit unions can use developing technologies to better compete in the marketplace.
- Regulatory Relief: Reducing regulatory burden through targeted rulemaking and clear rules of the road.
- Data Protection: Encouraging federal standards for data privacy and data security that recognize existing regulatory requirements for credit unions.
- Fair Market: Fighting back against meritless banker attacks and ensuring under-regulated market participants do not have an unfair advantage.
Stay tuned to NAFCU Today for updates on the latest out of Washington.