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NAFCU President and CEO Dan Berger wrote an editorial for CUJournal about NAFCU's progress in 2014 fighting for regulatory relief for credit unions, pushing for a national data security standard for retailers, and other credit union priorities.

"In 2014, ‘Enough is enough' was NAFCU's rallying cry for the overwhelming regulatory burden on credit unions," Berger wrote. "NAFCU steadfastly advanced that message from Capitol Hill to the White House and beyond, yielding victories in many areas."

In particular, Berger focused on NAFCU's progress in pushing for: improvements in NCUA's risk-based capital proposal; more transparency in NCUA budgets; protection of the credit union tax exemption; and legislative reforms including the "Credit Union Share Insurance Fund Parity Act," which helps ensure credit union parity with FDIC-insured institutions when it comes to escrow accounts like Interest On Lawyer Trust Accounts (IOLTAs), and which was just signed by President Obama.

With regard to data security, Berger noted that he had attended a CFPB event at which the president called for "one clear national standard that brings certainty to business and keeps consumers safe." NAFCU continues to advocate a national standard for retailers; credit unions and other financial institutions are already regulated under the Gramm-Leach-Bliley Act.

Berger concluded that NAFCU will "renew its efforts" in 2015 with the 114th Congress to continue to make progress on behalf of credit unions and keep their interests "at the forefront" for legislators and regulators in Washington.