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FOR IMMEDIATE RELEASE | November 30, 2011

NAFCU Board to Meet With CFPB and Federal Reserve

FOR IMMEDIATE RELEASE
November 30, 2011



WASHINGTON – The National Association of Federal Credit Union's (NAFCU) board of directors is scheduled to meet this week with officials at the Consumer Financial Protection Bureau and the Federal Reserve to discuss credit union issues.

"These remain challenging times for our nation's financial institutions and our economy, and credit unions have a vital role in helping our economy recover through their service to their members and their communities," said NAFCU President and CEO Fred R. Becker, Jr. "NAFCU appreciates having the opportunity to address credit union issues and concerns with these two key agencies."

Today, NAFCU will meet with Raj Date, special advisor to the secretary of the Treasury for the Consumer Financial Protection Bureau.

On Dec. 1, NAFCU will meet with the Federal Reserve to present the findings of its 2011 Report on Credit Unions. The meeting will be hosted by Federal Reserve Governor Sarah Bloom Raskin. This is the 19th time NAFCU's board has met with the Federal Reserve.

The information compiled in NAFCU's 2011 Report on Credit Unions is based on an annual survey of NAFCU members and NAFCU's Economic & CU Issues Monitor. NAFCU's Economic & CU Issues Monitor is a monthly report based on members' financial data and their input on topics vital to credit unions. The NAFCU 2011 Report on Credit Unions will be available at www.nafcu.org on Dec. 1.

NAFCU is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.

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Contact:Patty Briotta|703-842-2820|pbriotta@nafcu.org