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Home » CUNA dispels banker CU myths in Capitol Hill messages
Policy & Issues

CUNA dispels banker CU myths in Capitol Hill messages

June 7, 2018

CUNA reached out to Capitol Hill Thursday with a graphic containing credit union facts to dispute inaccurate banker attacks, the first in a series CUNA will be sending in the coming days. Protecting the credit union tax status is a top advocacy priority for CUNA.

The graphics set the record straight about many erroneous banker claims about credit unions. The first highlights that U.S. banks hold nearly $17.5 trillion in assets (compared to credit unions’ $1.395 trillion), and the typical bank is seven times larger than the typical credit unions. This runs counter to claims that the credit union industry is “growing too large.”

In addition, CUNA’s graphic notes that banks are growing rapidly, increasingly taking larger shares of the overall financial services marketplace. The top 100 banks hold 75.4% of assets, while credit unions hold 7.4%.

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Champion of America’s Credit Unions

Credit Union National Association is the only national association that advocates on behalf of all of America’s credit unions. We work tirelessly to protect your best interests in Washington and all 50 states. We fuel your professional growth at every level and champion the credit union story at every turn.

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