NAFCU Report on Credit Unions

NAFCU 2023 Report on Credit Unions

NAFCU's Board of Directors has met with Federal Reserve Board members for many years to discuss issues of mutual concern affecting the credit union community.  Our Report on Credit Unions, produced for each session, is fueled by valuable member feedback and survey data to effectively communicate the credit union story to policymakers and regulators. 2023’s report details the latest issues and trends affecting credit unions and the impact of Fed actions:

  • Credit union financial conditions and their role in the economy
  • Credit union service to members
  • Trends in credit union membership
  • Financial technology
  • Interchange
  • Payments and fraud (FedNow and Reg E)
  • Climate change
  • Central bank digital currency

This report is an excellent example of how we work with our members to make advocacy job one. And with the approved merger of CUNA and NAFCU to form America's Credit Unions, the impact of our laser-focus on advocacy will grow even stronger and more impactful in the years ahead.

Download the 2023 report

Download the prior year's report (2022)