CUNA Deputy Chief Advocacy Officer Jason Stverak encouraged members of Congress to visit credit unions in their state during the upcoming recess in an email sent Friday.
"During these uncertain economic times, it is important to remember that credit unions are not-for-profit financial cooperatives that exist to serve their members – your constituents," he wrote. "Unlike banks, we do not issue stock or pay dividends to stockholders. Credit union profits are returned to their members in the form of lower fees and better loan and deposit rates.
"Credit unions are owned by their members, and that makes a tremendous difference," he added.
Stverak also encouraged members to visit CUNA's Advancing Communities website to see how credit unions are making an impact on members and communities.