Risks borne by recently collapsed banks should not be paid for by credit unions that serve communities across our country, CUNA wrote to the House Financial Services Committee for its hearing on recent bank collapses.

Credit unions did not cause the collapse of one of the largest regional banks in the country and should not face more federal regulation or increased fees due to these banks’ actions, CUNA wrote to the Senate Banking Committee in advance of its hearing on recent bank collapses.

Recent bank collapses are not representative of the way credit unions operate, Louisiana Credit Union League Interim President/CEO Steve Liberto wrote in The Hammond Daily Star.

Iowa Credit Union League President/CEO Murray Williams reminded Iowans their money is safe and secure in a credit union in the Des Moines Register this week. Responding to recent bank collapses, Williams also noted that increasing financial well-being is at the core of credit unions' social mission. 

Recent bank collapses show the importance of where consumers choose to put their money, Dakota Credit Union Association President/CEO Jeff Olson wrote in The Bismarck Tribune this week. 

The credit union difference makes a secure financial option for consumers, CUNA Deputy Chief Advocacy Officer wrote to all 535 Congressional offices Tuesday, and it helps improve the financial well-being of members and communities.

League leaders continue to work to highlight the credit union difference, especially as consumers may be concerned about their finances after recent large bank collapses.

League and credit union leaders engaged with members and consumers in the wake of recent bank collapses, assuring them that money in credit unions remain safe.