WASHINGTON—America’s Credit Unions recently met with the National Economic Council (NEC)—the principal group advising the president on economic policy.
The meeting was an opportunity for America’s Credit Union’s leaders to bring credit union concerns face-to-face with the executive branch, ACU said, adding the trade group addressed its Don’t Tax My Credit Union efforts.
President/CEO Jim Nussle, Chief Advocacy Officer Carrie Hunt, Head of Regulatory Advocacy James Akin, and Head of Emerging Issues/Deputy Chief Economist Curt Long met with NEC officials to discuss how credit unions and the administration can work to promote financial stability for consumers, ACU said.
The NEC falls under the Executive Office of the President. In addition to sharing the numerous benefits the credit union tax status brings members and non-members, the group explored ways for credit unions and the NEC to work together to create more economic opportunities, ACU explained.
ACU noted that Nussle wrote to NEC Director Kevin Hassett last month, highlighting key areas credit unions and the White House can work together to:
- Protect the credit union tax status
- Expand access to affordable credit
- Strengthen financial inclusion
- Address the needs of low-income and rural communities