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NAFCU President and CEO Dan Berger met Wednesday with Senate Banking Committee Chairman Mike Crapo, R-Idaho, to discuss issues critical to the credit union industry, including ongoing efforts to secure even more regulatory relief.

Berger thanked Crapo for his leadership in crafting and helping to pass the bipartisan, NAFCU-supported Economic Growth, Regulatory Relief, and Consumer Protection Act (S. 2155). NAFCU has been heavily engaged on Capitol Hill this year advocating for passage of credit union regulatory relief measures. NAFCU's non-stop bipartisan meetings on the Hill, along with credit unions' grassroots activities, were instrumental in the passage of S. 2155.

NAFCU is pushing for Congress to do even more for credit unions ahead of the November elections.

The association is making progress on protecting credit unions from the harmful effects of NCUA's risk-based capital (RBC) rule, as language to delay its implementation date has been included in two House bills. Berger and Crapo discussed the importance of this provision to the industry and the need for Senate support for additional regulatory relief.

NAFCU continues to meet with key lawmakers on credit union regulatory relief and other important issues. Earlier this week, Berger met with a prominent member of the House Republican leadership team – Majority Whip Steve Scalise, R-La. – to discuss credit union priorities.