Credit Union Powers

Where We Stand

The rationale for expanded credit union powers is quite simple: credit union powers are based on their not-for-profit, member-owned and community-based structure. Because credit union members own their financial institutions, the decisions credit unions make reflect the needs and interests of their memberships. This member-control is the basis for providing credit unions with wide authority to serve their members.

Related Issues

Retaining Local Financial Access

Credit unions provide financial services in communities facing consolidation or financial deserts.

State Level Credit Union Issues

Improving state credit union laws is at the top of the agendas of many state credit union leagues.

Member Business Lending

Credit unions have been making member-business loans (MBLs) since their inception in the early 1900s. The current cap was imposed by Congress in the Credit Union Membership Access Act of 1998.

Field of Membership

CUNA was actively engaged in the rulemaking process and has continued to be active during the second proposed rule.