CUNA News
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • LOG IN
  • Create Account
  • Sign Out
  • My Account
  • Topics
    • Community Service
    • Compliance
    • Credit Union Hero
    • Credit Union Rock Star
    • Credit Union System
    • Directors
    • Human Resources
    • Leadership
    • Lending
    • Marketing
    • Operations
    • Policy & Issues
    • Sales & Service
    • Technology
  • Credit Union Magazine
    • Buyers' Guide
    • COVID-19
    • Digital Edition
    • Credit Union Hero
    • Credit Union Rock Star
    • Subscribe
    • Advertise
    • Contact
  • Advertise
  • Awards
    • Nominate Credit Union Hero
    • Nominate Credit Union Rock Star
  • Podcasts
  • Videos
  • Jobs
  • Contact

News

Home » America’s Credit Unions Launch Campaign to Show Economic Benefit to Local Communities
Press

America’s Credit Unions Launch Campaign to Show Economic Benefit to Local Communities

October 19, 2020

FOR IMMEDIATE RELEASE
October 19, 2020
Washington, DC

CONTACT:
Lauren Williams
CUNA Communications
202-672-3396      

 

Credit Union National Association (CUNA) today launched the Advancing Communities campaign – an initiative designed to inform state policymakers and consumers about the economic and social impact that credit unions provide to communities across the country. The campaign was made in collaboration with state Leagues to reinforce how credit unions are providing personalized support to members navigating difficult circumstances, namely financial recovery from the coronavirus (COVID-19) pandemic.  

“At the core of the credit union mission is a commitment to our communities. And now that the pandemic has upended finances for people across the country, credit unions have returned to that commitment tenfold,” said CUNA President/CEO Jim Nussle. “As policymakers consider the pathway toward economic recovery, we want to make sure that credit unions have a platform to share the work they’ve done to preserve their local economies while assisting members and small business that might otherwise be left behind. It is an important message that both federal and state lawmakers need and want to hear.”

The Advancing Communities website features data and statistics on how credit unions are creating opportunities for underserved populations, expanding financial services in rural areas, and helping small businesses thrive, as well as first-person testimonials from credit union members sharing how credit unions have benefitted their lives. According to the campaign, America’s credit unions provide $223 billion to the economy, over 1 million jobs, and $13 billion in total financial benefits for Americans.

In a commitment to ensure economic prosperity and fairness for all, the campaign features a Plan for Better Communities to addresses systematic socioeconomic disparities and inequalities across the country. The bipartisan set of solutions includes:

  • Providing affordable financial services to more Americans, no matter where they live–especially for underserved and diverse communities in rural and urban areas;
  • Protecting families from abusive lenders by providing low-interest and responsible short-term loans when facing an unexpected medical debt, surprise medical billing, job loss, or other emergencies;
  • Helping more Americans achieve the American dream of owning a home with access to easy and lower-cost home loans;
  • Assisting working families in sending their children to college via lower-cost student loans;
  • Ensuring their members’ personal financial data is secure and their privacy is protected against hackers and other bad actors;
  • Investing more in the local communities they serve, growing the local economy by expanding small businesses loans, and empowering job growth; and
  • Ensuring that all Americans have access to a not-for-profit cooperative choice when it comes to their families’ financial futures.

##

About CUNA:
Credit Union National Association (CUNA) is the only national association that advocates on behalf of all of America’s credit unions, which are owned by 120 million consumer members. CUNA, along with its network of affiliated state credit union leagues, delivers unwavering advocacy, continuous professional growth and operational confidence to protect the best interests of all credit unions. For more information about CUNA, visit cuna.org. To find your nearest credit union, visit YourMoneyFurther.com.

Credit Union Magazine: Winter 2022

Winter 2022

Credit Union Magazine’s Winter 2022 issue highlights data-driven marketing, the board’s role in cybersecurity, elder abuse scams, credit unions’ auto lending advantage, and more.
Digital Edition •  Subscribe

Trending

  • House passes CUNA, League-led board modernization bill

  • CFPB issues CUNA-opposed proposal on credit card late fees

  • Key committee leaders supportive of credit union priorities

Tweets by CUNA_News

Polls

Vote for the 2023 CU Hero of the Year

View Results
More

Champion for the Credit Union Movement

Credit Union National Association is the most influential financial services trade association and 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.

More CUNA

  • Membership
  • Contact Us
  • Careers

Resources for

  • Credit Union Advocates
  • Leagues
  • Press
  • Providers

Our Affiliates

  • American Association of Credit Union Leagues (AACUL)
  • Credit Union Awareness
  • Credit Union House
  • CUNA Strategic Services
  • National Credit Union Foundation
GET CUNA UPDATES
© 2023 Credit Union National Association | ADA Compliance Notice & Legal
Email Us