CUNA launched the Advancing Communities campaign Monday – 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: