Newsroom

As President-elect Joe Biden and Vice President-elect Kamala Harris prepare to take office in January, leaders of NAFCU's award-winning advocacy team discussed credit union priorities with members of the Biden-Harris transition team.

NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Vice President of Legislative Affairs Brad Thaler, Vice President of Research and Chief Economist Curt Long, and Director of Regulatory Affairs Ann Kossachev participated in Tuesday's call with the transition team's financial agencies group.

During the meeting, NAFCU shared its vision for the NCUA as credit unions' independent regulator and the regulatory and legislative issues credit unions would like addressed. The association recently outlined for Congress several areas – related to easing compliance burdens, supporting more small businesses, allowing credit unions to serve consumers in need, and more – it can address during the lame duck session to support credit unions, their members, and recovery from the coronavirus pandemic.

NAFCU also identified for the NCUA six priority issues that credit unions could use additional relief from amid the crisis. NAFCU President and CEO Dan Berger recently discussed with NCUA Chairman Rodney Hood the agency's ongoing efforts to support credit unions.

Tuesday's discussion also covered other regulators NAFCU works closely with, including the CFPB.

As a bipartisan organization, NAFCU works closely with lawmakers and regulators on both sides of the aisle to achieve an environment that allows credit unions to thrive. Prior to the November election, NAFCU sent the Biden and Trump campaigns information on the credit union difference and key issues; the association will continue to meet with new and returning lawmakers to ensure they are aware of credit unions' priorities.