Annual Report

Annual Report

2019 was a year of growth for NAFCU as we continued to highlight the credit union difference to policymakers and the public. A strong 2018 set us up for even more success during the year as we pursued a bold advocacy agenda, responsive compliance assistance, and forward-looking education programs to achieve record membership growth and robust-year end financials.

This 2019 Annual Report highlights NAFCU’s legislative and regulatory wins for the credit union industry during the year – including meetings with key policymakers in Washington – that garnered national media attention, as well as our award-winning compliance programs, new education and training resources, and year-end financials.

Download the 2019 Annual Report

View the full independent auditor’s report

Throughout 2019, NAFCU: 

  • Set the record straight by educating lawmakers and the public on the credit union tax exemption;
  • Worked with the NCUA and lawmakers to secure relief for credit unions under the NCUA’s risk-based capital (RBC) rule;
  • Met at the White House to discuss credit union priorities;
  • Testified before Congress three times, leading efforts to introduce over 20 bipartisan measures;
  • Sought and secured a delay to the implementation of the Financial Accounting Standards Board’s current expected credit loss (CECL) standard;
  • Answered over 10,000 compliance questions, continuing our 1-business day or less response time; and
  • Launched two new NAFCU networks, the NAFCU Compliance, Risk & BSA Network and the NAFCU Lending Network.

Past Annual Reports

2018 Annual Report

2017 Annual Report

2016 Annual Report

2015 Annual Report

2014 Annual Report

2013 Annual Report

2012 Annual Report