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CUNA Releases S. 2155 Infographic
Friday, June 15, 2018 6:40 AM

Credit unions continue to celebrate their historic win after the signing of the Economic Growth, Regulatory Relieve, and Protection Action (S. 2155) last month. Credit Union National Association has created a great infographic that provides facts about the bill's impact and explains how consumers benefit from this regulatory relief.

Some of the highlights include:

  • Regulatory burden costs the nation's 5,800 credit unions $6.1 billion annually—that's $115 per member household.
  • Allows 3,800 credit union mortgage lenders who hold more than 2.2 million loans grant more loans to more members.
  • Eliminates 57,000 hours of onerous paperwork on 340,000 loans.
  • Pumps $775 million into the market for affordable rental property.
  • Protects senior citizens from financial exploitation and provides peace of mind to 26 million credit union members over the age of 65.
  • And much more!

You can download the graphic and use it on your website, turn it into a poster, or add it to your credit union's other promotional materials.

Credit Unions Win Fight for American Consumers - Infographic