CUNA is now America's Credit Unions.
A stronger voice to advance the credit union industry.
CUNA sent a letter to House Financial Services Committee leadership Monday—as Congress returns to Washington, D.C.—to strongly address misleading and incorrect statements about credit unions the Independent Community Bankers of America (ICBA) distributed earlier this month. ICBA’s letter urged the committee to hold a hearing on NCUA, which was already scheduled to take place in May with Chairman Todd Harper testifying. In addition, NCUA testifies before the committee every year.
“While we support strong oversight by all financial regulators, including the NCUA, CUNA is disheartened that the banks continue to use misinformation against the efforts of non-for-profit member-owned credit unions to help consumers and communities,” the letter reads.
CUNA countered all banker claims and demands: