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 » Bill would expand opportunities to those w/ minor offenses
Policy & Issues

Bill would expand opportunities to those w/ minor offenses

October 14, 2021
Cap1

Credit unions understand that as the workforce changes, the ways credit unions engage with it must also change, CUNA wrote to House Financial Services Committee leadership Thursday. CUNA wrote in support of the Expanding Opportunities in Banking Act, draft legislation that would amend the Federal Credit Union Act to expand employment opportunities for those with a previous minor criminal offense.

“Racial disparities in sentencing have resulted in overrepresentation of people of color in our prisons and jails. As we work to deepen our efforts around diversity, equity, and inclusion ensuring that we do right be these groups is critical,” the letter reads. “We believe certain minor mistakes may be worthy of forgiveness and second chances, and individuals who committed minor offenses when they were still at an impressionable age deserve a greater opportunity for redemption.”

CUNA supported then-NCUA Chairman Rodney Hood’s 2019 “second chance” interpretive rule and policy statement, which updated and revised statutory prohibitions on any person who has been convicted of any criminal offense involving dishonesty or breach of trust, or who has entered into a pretrial diversion or similar program in connection with a prosecution for such offense, from participating in the affairs of an insured credit union.

“More than a quarter of formerly incarcerated people are unemployed; this unemployment rate is worse than the Great Depression. It’s not surprising then, that there is a prison to poverty pipeline. The poverty experienced by formerly incarcerated has ripple effects in our communities,” the letter reads. “Providing opportunities for a second chance is a civic responsibility and makes good business sense. Employing formerly incarcerated individuals has a positive impact on employee satisfaction, demonstrates our commitment to our community, and enlarges our labor pool.”

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

  • Reps introduce bipartisan Credit Union Board Modernization Act

  • Compliance: Experts analyze NCUA’s 2023 supervisory priorities

  • CFPB must convene SBREFA panel for credit card fee rulemaking

Tweets by CUNA_News

Polls

How do you feel about the economy in 2023?

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