ARLINGTON, Va.—NAFCU has outlined its key priorities for 2019.
"Our commitment to serving you and representing you before policymakers as your Washington Watchdog is personal," said NAFCU President and CEO Dan Berger. "For me, the NAFCU board and staff, this means we will stop at nothing to ensure a legislative and regulatory environment that promotes health and viability for your institutions."
NAFCU said its 2019 priorities include:
- Growth: supporting legislation and regulation that helps credit unions grow membership, loans and revenue
- Strong NCUA: pressing for NCUA to be the sole industry regulator, including by exempting credit unions from Bureau of Consumer Financial Protection oversight, and fostering strong relationships with NCUA board members to ensure credit unions' voices and concerns are heard
- Transparency: encouraging government accountability, including reducing NCUA's overall operating budget, reforming the Bureau structure and getting additional National Credit Union Share Insurance Fund distributions for credit unions
- Regulatory relief: fighting for clear, streamlined regulation that allows credit unions to put more resources toward serving members
- Tax exemption: preserving the credit union tax exemption to save U.S. consumers $16 billion annually, protect nearly one million jobs, and keep the focus on members, not profits
- Fair and innovative market: pushing back against big banks, promoting innovation, and creating national data and cybersecurity standards