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FOR IMMEDIATE RELEASE | January 04, 2021

NAFCU Welcomes 117th Congress, Announces 2021 Advocacy Priorities

WASHINGTON – The National Association of Federally-Insured Credit Unions (NAFCU) today unveiled its top advocacy priorities for 2021. With the 117th Congress sworn-in, NAFCU is actively working to ensure new and returning Members of Congress are fully aware of the legislative and regulatory needs of credit unions and their 123 million members. The association remains committed to supporting the credit union industry’s ability to grow and thrive in today’s economic climate.

“Credit unions have worked tirelessly to help Americans overcome adversity and hardship amid the coronavirus pandemic,” said NAFCU President and CEO Dan Berger. “For both new and returning members of Congress, it is vital they understand the good work not-for-profit credit unions have done and will continue to do to lift American families and communities up during these uncertain times.
 
“We look forward to working with lawmakers on Capitol Hill as well as the Biden Administration to make sure credit unions have a strong seat at the table, and that they are empowered to help our nation and our economy fully recover. It is our mission to deliver this message to policymakers in 2021 and beyond.”

NAFCU's 2021 Priorities

  • Growth: Supporting legislation and regulation that helps credit unions grow membership, loans and retained earnings.
  • Fair and Innovative Market: Fighting back against banker attacks and establishing regulatory standards for fintech and other non-depository institutions.
  • Regulatory Relief: Providing clear rules of the road and streamlining regulation that allows credit unions to put more resources towards serving members. 
  • Strong NCUA: Pressing for the NCUA to be the sole industry regulator and fostering a strong relationship with the agency to ensure credit unions’ voices and concerns are heard. 
  • Data Protection: Encouraging federal standards for data privacy and data security that recognize existing regulatory requirements for credit unions.  

To learn more about NAFCU’s priorities, please visit https://www.nafcu.org/priorities.

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The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter. 
 

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