The new Congress brings new opportunities for credit unions and members, CUNA President/CEO Jim Nussle wrote in CUInsight Wednesday. Nussle noted the 118th Congress will feature a credit union majority, and CUNA, Leagues, and credit unions are prepared to continue their positive momentum.
“We’re among the most effective—and bipartisan—trade associations in Washington, D.C. for a reason, so we can continue to champion our members regardless of which way the political winds shift,” Nussle wrote. “Credit unions are in this unique position because we’re not fighting for shareholders or bigger profits, we’re fighting for policies that will let us do more of the good work we’re known for. Our members need us no matter who holds the gavel or chairs a committee.”
He said that 2023 will likely be a rough economic year by all estimates, and credit unions must partner with policymakers to advance policies to increase financial inclusion and access, while pushing back against policies that would do the opposite.
“We’ve seen the blueprint for moving through a narrowly divided Congress: We’re going to pursue common-sense bipartisan solutions to promote financial well-being for all and advance the communities we serve,” Nussle wrote. “Every elected official, regardless of their personal beliefs or the letter next to their name, ran for office with the idea of doing right by their communities and constituents. It’s our job to show them that credit unions are an essential part of that equation, that credit union members unquestionably show better financial health than non-members.”