Credit unions have continued to provide a record-breaking number of mortgage loans, and continued their role in financial education, informing members of significant mortgage relief available to those negatively impacted by the COVID-19 crisis. CUNA’s letter was sent Tuesday to the Senate Committee on Banking, Housing, and Urban Affairs.
“Credit unions remain committed to furthering financial inclusion for disproportionately underserved communities seeking to achieve the American Dream of homeownership,” the letter reads. “As not-for-profit, consumer-owned financial cooperatives, credit unions have a laser-focus on their mission of financial inclusion and serving their members.”
CUNA offers the following suggestions for Congress to support credit unions’ efforts to encourage homeownership: