Interchange opposition, FOM modernization top CU priorities for rest of 2023

With the Senate in Washington, D.C., this week and the House scheduled to return next week, CUNA sent its final recess message to all members of Congress Tuesday. CUNA shared information on the credit union difference, fields of membership, interchange legislation opposition, and more during the recess.

“Credit unions focus on helping their member-owners—your constituents—to remain stable in challenging times like these,” wrote CUNA Deputy Chief Advocacy Officer for Federal Government Affairs Jason Stverak. “Two-thirds of Americans—187 million people—are ‘financially unhealthy’ according to the Financial Health Network. Credit unions want to change that.”

Credit unions encourage members of Congress to:

• Go on record opposing the Big Box Bailout: Preserve the integrity of the well-functioning debit and credit card system.
• Support field of membership expansion: Support legislation that provides more access to credit unions, addressing financial deserts and underserved areas.
• Protect the tax status: Protect the credit union tax status to advance communities, help working families improve their financial futures, and help keep local communities strong. Our tax status helps us put people over profit.  

The email also included a link to CUNA’s document outlining credit union policy priorities.