January 13, 2020

NAFCU advances CUs to Trump, key officials

2020 PrioritiesAs the industry's Washington Watchdog, NAFCU's unmatched relationships with lawmakers, regulators, and administration officials ensure credit unions' voices are heard at the highest levels of government and industry issues are addressed by appropriate actions.

To achieve a regulatory environment in which credit unions continue to grow and thrive, NAFCU President and CEO Dan Berger sent the association's 2020 priorities to agencies and administration officials with whom NAFCU works closely and has strong relationships, including:

  • President Donald Trump;
  • Treasury Secretary Steven Mnuchin;
  • Federal Reserve Chairman Jay Powell;
  • U.S. National Economic Council Director Larry Kudlow;
  • Department of Housing and Urban Development Secretary Ben Carson;
  • Federal Housing Finance Agency Director Dr. Mark Calabria;
  • Federal Communications Chairman Ajit Pai;
  • CFPB Director Kathy Kraninger; and
  • NCUA Board Chairman Rodney Hood and Board Members Todd Harper and J. Mark McWatters.

The letters sent last week raised issues specific to the agencies. “We are committed to advancing the credit union industry and hope that you will work with us to address [these] and other top legislative and regulatory issues,” Berger wrote. In 2018, NAFCU secured credit unions' first meeting with President Trump and has worked with each of the individuals and their respective agencies on this list to discuss economic and regulatory trends that impact credit unions and their 119 million members.

NAFCU's award-winning advocacy team is active on Capitol Hill sharing the priorities with lawmakers to keep credit union issues top of mind this legislative session and will continue to meet with regulators on key industry issues. Additionally, Credit Union Times spoke with NAFCU's Carrie Hunt for a feature story diving deeper into what the association is planning for the year ahead when it comes to standing up for credit unions.

NAFCU will remain personally invested in credit unions' growth and success by providing members with exceptional advocacy and member service, as well as access to the resources and connections needed to keep growing.

Learn more about NAFCU's 2020 priorities and see the wins the association achieved in 2019 that set the stage for even more success this year.