NAFCU, CUNA, CUNA Mutual Stand Together in Support of NCUA’s Field of Membership Rule
WASHINGTON – The National Association of Federally-Insured Credit Unions (NAFCU), Credit Union National Association (CUNA) and CUNA Mutual Group today issued support for the National Credit Union Administration’s (NCUA) 2016 field of membership (FOM) rule in light of the American Bankers Association’s (ABA) call for the U.S. Court of Appeals for the D.C. Circuit to rehear its prior decision. The appeals court panel decision in August was largely in favor of the NCUA.
“NAFCU stands firmly with the NCUA, and its efforts to modernize credit unions’ field of membership rules,” said NAFCU President and CEO Dan Berger. “While the ABA continues its meritless attacks against credit union growth and competition, NAFCU will continue to support FOM modernization so that credit unions can serve their members, including the underserved, which banks have so often left behind. NAFCU strongly believes in the credit union industry’s cooperative, not-for-profit mission, and that credit unions provide the best financial solutions the marketplace has to offer.”
“The D.C. Circuit Court of Appeals found that credit unions are an important part of America’s financial tapestry,” said Jim Nussle, CUNA President/CEO. “That the bankers continue to spend time and resources to limit consumers’ access to responsible financial services is telling in how we approach our service to communities across the country.”
“CUNA Mutual Group continues to stand by NCUA and its authority to interpret the Federal Credit Union Act,” said Phil Tschudy, CUNA Mutual Group spokesperson. “We will continue to work diligently with CUNA and NAFCU to defend and promote credit union field of membership.”
Add to Calendar 2020-02-25 14:00:00 2020-02-25 14:00:00 The Good, the Bad, and the Unvetted: What to Know Before Entering into a Fintech Partnership About The Webinar In this webinar, we’ll be covering all the benefits and possible pitfalls of partnering with a technology company. Learn how to: Properly vet and conduct due diligence on fintech partners, including questions to ask and warning signs to watch out for. Effectively work with fintech partners to maintain a successful partnership while remaining compliant. Determine if leveraging fintech partnerships is the right option for your institution based on your needs. Please note: as of January 1 of 2020, our webinar platform will longer functions on Internet Explorer. Please use Google Chrome or another browser to watch our webinars. Register Now: Web NAFCU email@example.com America/New_York public
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