Removing Barriers Blog

Email to the Hill: Providing consumers with the credit union difference
Posted April 28, 2021 by CUNA Advocacy

CUNA's Chief Advocacy Officer wrote to all 535 Members of Congress to remind them that Congress charged credit unions with “promoting thrift … [and providing] credit for provident or productive purposes,” in 1934 and credit unions continue to fulfill this mission today.

The email also included a link to the CUNA-League 2021 Advocacy Agenda, which details how credit unions improve financial well-being for all and advance the communities they serve, and how Congress can help them go even further.



Good morning,

In 1934, Congress charged credit unions with “promoting thrift … [and providing] credit for provident or productive purposes.”1 

As member-owned not-for-profit financial institutions, credit unions continue to fulfill this mission by reinvesting earnings in their members through: 

  • Lower rates on home and auto loans, 
  • Higher returns on checking and savings, and
  • More branches in low income designated, CDFI, and minority communities.

See all the ways credit unions are advancing communities and promoting financial well-being for all. 

Thank you for continuing to support the credit union difference in your local communities.

Sincerely,

Ryan Donovan
Chief Advocacy Officer
Credit Union National Association

  12 U.S. Code § 1752