2020 Advocacy Priorities

NAFCU works directly with our credit union members to bring important issues to lawmakers and regulators alike. As we work toward meaningful legislative and regulatory changes in 2020, our commitment to stand up for our members is stronger than ever. 

We will continue to tell their stories and take the right positions on issues – even when others back down. Because to us, it’s personal. We will stop at nothing to ensure a legislative and regulatory environment that promotes viability and growth for credit unions.

Below are some of the things we are working on in 2020. Download a summary of NAFCU’s 2020 Advocacy Priorities.

Growth IconGrowth

Supporting legislation and regulation that helps credit unions grow membership, loans and retained earnings.

Working for you to:

Fair Market iconFair and Innovative Market

Fighting back against meritless banker attacks, promoting innovation and establishing regulatory standards for fintech and data security.

Working for you to:

  • Create national data and cybersecurity standards
  • Chart a collaborative path with fintech companies for regulatory coordination and innovation
  • Expand payday alternative loan programs with safe, short-term, small-dollar lending options
  • Establish a secure, real-time U.S. payments system

Regulatory Relief iconRegulatory Relief

Providing clear rules of the road and streamlining regulation that allows credit unions to put more resources towards serving members.

Working for you to:

Transparency iconTransparency

Encouraging government transparency and accountability to ensure taxpayers' and credit unions' dollars are used responsibly and rules are tailored appropriately.

Working for you to:

Tax Exemption iconTax Exemption

Preserving credit unions' federal tax exemption in order to keep focus on members, not profits, and save U.S. consumers $16 billion annually.

Working for you to:

Strong NCUA iconStrong NCUA

Pressing for the NCUA to be the sole industry regulator. Connecting credit unions with NCUA Board members to foster strong relationships and collaboration.

Working for you to:

  • Remove the CFPB's examination and enforcement powers over credit unions
  • Retain the NCUA Board's three-member, bipartisan structure
  • Increase exam fairness and modernization efforts
  • Foster collaborative, informed, and streamlined regulations

Learn more about our top issues