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FOR IMMEDIATE RELEASE | November 30, 2020

NAFCU Statement on Janet Yellen's Nomination as President-Elect Biden's Treasury Secretary

WASHINGTON – The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued following statement after President-elect Joe Biden nominated former Federal Reserve Chair Janet Yellen to serve as Treasury Secretary: 

“NAFCU congratulates former Federal Reserve Chair Janet Yellen on being nominated to serve as Treasury Secretary in President-elect Joe Biden’s administration,” said NAFCU President and CEO Dan Berger.  “The Treasury Department plays a key role in ensuring the American people get the economic relief they need to emerge from the pandemic better, stronger and financially sound, and credit unions remain a key part of the solution. We look forward to working with Ms. Yellen once she is confirmed by the U.S. Senate to provide our nation with the financial support it needs.”

NAFCU's board met annually with Ms. Yellen at the Federal Reserve Board headquarters from 2012 to 2017. During the meetings, the board presented NAFCU's Annual Report on Credit Unions, which details the latest issues affecting credit unions and the impact the Fed's actions have on the industry.

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The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.
 

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