May 23, 2023

NAFCU celebrates CUs’ commitment to military members

American flagMay is Military Appreciation Month and NAFCU is celebrating the credit union industry’s commitment to providing service members, veterans, and their families with safe, secure, and reliable financial services.

Through #NAFCUNation, the association is collecting stories about how credit unions meet the needs of military members and their families. Through June 2, credit unions that share their impact and efforts via the online #NAFCUNation form will be entered to win a $1,000 donation made by NAFCU to the military-focused charity of the credit union’s choice.

Official rules for the #NAFCUNation Military Appreciation Month Sweepstakes can be found online. Participants must follow NAFCU’s instructions as posted on

NAFCU consistently highlights credit unions’ commitment to serving the nation’s military members and advocates for policies that will allow the industry to better meet their needs.

Of note, NAFCU this week is monitoring a House Small Business Committee hearing on ways to support veteran-owned businesses – the association continues to call for an exemption for these loans under credit unions’ member business loan (MBL) cap – as well as Thursday’s NCUA Board meeting, during which the board is set to issue a proposed rule related to charitable donation accounts. In November, NAFCU and other organizations called on the NCUA to amend the definition of “qualified charity” to include 501(c)(19) veterans’ organizations so that credit unions can partner with these organizations to help veterans deal with crises such as mental health issues, homelessness, disabilities, and more.