As we celebrate our 50th Anniversary, we reflect on our important accomplishments together. Thanks to our powerful collaboration, what began as a small association has risen up as a financial services leader in the industry. We've accomplished many important milestones together to move the industry forward these past fifty years and we are eager to continue that work with you now and into the future.
VIDEO: A reflection on our 50 years championing the credit union industry together.
We're proud to be the go-to source for unwavering federal advocacy, education and compliance assistance for thousands of credit union leaders. As you continue to provide essential financial services to your members, we'll continue to break down barriers for you in Washington, D.C. so you can grow stronger.
"The thing that impresses me about NAFCU is that they're always on the side of credit unions. They were the only trade association that fought the CFPB from the beginning. That impresses the heck out of me. Too many people play along to get along. NAFCU's not like that. I sleep well at night knowing that NAFCU is going to do the right thing."
— Michael Poulos, president and CEO of Michigan First Credit Union, "NAFCU Turns 50" feature article in The NAFCU Journal.
If credit unions couldn't offer checking, where would you be today? Checking accounts—"share draft accounts" in our industry parlance— started out as and continue to be one of the great consumer conveniences of our time. Yet
they haven't been around as long as some
In the mid-1970s, the credit union
industry was deep in the throes of a
heated, and complicated, battle with the
banking industry over the right to offer
their members the convenience of share
drafts. In action that has been characteristic of
the association throughout its 50-year history,
NAFCU intervened in support of credit
unions' share draft programs and launched
a Share Draft Defense Fund. The association also worked with
stakeholders throughout the industry and
with credit union allies in Congress on
legislation to protect credit unions' ability
to provide share drafts to their members.
When a few federal credit union executives lunched together in 1966 at the Cockatoo Inn in Inglewood, Calif., the discussion centered on whether federal credit unions in California were getting a fair shake from the legislators and regulators in Washington, D.C.
This initial meeting birthed NAFCU a year later — with a mission to voice federal credit unions’ concerns to those in Washington. The association’s federal credit unions wanted more breathing room, more powers and better protections.
As a start, the group aimed to modernize the Federal Credit Union Act and establish share insurance for federal credit unions. That mission was accomplished in 1970 through the establishment of an independent regulator, the National Credit Union Administration (NCUA), and the creation of the National Credit Union Share Insurance Fund (NCUSIF).
NAFCU officially marks its 50th anniversary on April 26, but we are celebrating this milestone anniverary all year.
We're commemorating this milestone anniversary in breathtaking Honolulu Hawaii during our 50th Annual Conference & Solutions Expo June 13-16, 2017.
As a special thank you for the service credit unions provide in their communities, we've created a video exclusively to help our members spread the word about the credit union difference.
Watch the Video
While we are incredibly proud of where we've been, we are steadfast and focused on where we're going. We look forward to continuing to provide unwavering federal advocacy, top-rated education, one-of-a-kind compliance assistance and supreme responsiveness as we work together with you, our credit union leaders, to become stronger than ever.
VIDEO: NAFCU President and CEO B. Dan Berger discusses NAFCU's evolution over the past 50 years and what's to come in 2017 and beyond.