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Credit Unions United in Need for Small Business Lending
Friday, September 30, 2016 5:50 AM

The Credit Union National Association and the National Association of Federal Credit Unions joined forces Thursday in their commitment to protecting credit unions' interests. The trade associations plan to use Williams & Connolly LLP to challenge a lawsuit recently filed by the Independent Community Bankers of America against the National Credit Union Administration and its member business lending rule.

“With approximately 6,000 credit unions that represent nearly 105 million Americans, NAFCU and CUNA/League system will take whatever actions are necessary to protect and defend the interests of credit unions and small businesses,” said Dan Berger, president/CEO of NAFCU, and Jim Nussle, president/CEO of CUNA. “Our trade associations support the NCUA’s member business lending rule, which is consistent with the law and allows small businesses more access to the capital they need.”

About CUNA

With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves America's credit unions, which are owned by more than 100 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information about CUNA, visit cuna.org or follow @CUNA on Twitter. For more information about credit unions, visit aSmarterChoice.org and follow @asmarterchoice on Twitter.

 

About NAFCU

The National Association of Federal 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 nafcu.org or @NAFCU on Twitter. For additional information on credit unions, go to CULookup.com.