FOR IMMEDIATE RELEASE
Washington (Nov. 7, 2017) - National Association of Federally-Insured Credit Unions (NAFCU) today released its 2017 NAFCU Report on Credit Unions. The report (attached) shows, among other things, that credit unions are expanding their offerings for members despite increasing regulatory burdens.
"Our 2017 NAFCU Report on Credit Unions reveals that even in the face of regulatory challenges and financial pressures, credit unions continue to provide exceptional service to nearly 110 million members across the country and stimulate the national economy with more than $16 billion annually in benefits," said NAFCU President and CEO Dan Berger.
The report on credit unions looks at five key areas: credit union trends, credit unions’ service to their members and use of Federal Reserve services, legislative issues facing credit unions, regulatory issues facing credit unions, and emerging challenges facing credit unions.
Some of the highlights in the 2017 report include the following:
About the Report:
The information gathered in the 2017 NAFCU Report on Credit Unions is based on the association’s Federal Reserve Meeting Survey, an annual assessment of NAFCU members covering topics discussed in the report. The report also draws on data collected for NAFCU’s Economic & CU Monitor, CU Industry Trends Report and the association’s updated 2017 study, “Economic Benefits of the Credit Union Tax Exemption to Consumers, Businesses and the U.S. Economy.”