Donovan to Congress: CUs grateful for 111 years of member service
This week marks 111 years of not-for-profit financial cooperatives in America, CUNA Chief Advocacy Officer Ryan Donovan wrote to all 535 Congressional offices this week.
“Since the first credit union was established in 1908, our mission has been to promote savings and provide consumers and small businesses access to safe and affordable credit, and we're incredibly grateful to be able to meet those needs,” Donovan wrote.
He goes on to say that without Congressional support of the credit union structure and mission credit unions would not be able to meet community needs, including:
- Investing in branches in rural and urban communities no matter the socioeconomic or cultural makeup;
- Making mainstream financial products and services available to those who need them most; and
- Serving a remarkably diverse membership—one that truly reflects the community.