ALEXANDRIA, Va.— To mark the 85th anniversary of the Federal Credit Union Act, NCUA has launched a digital outreach initiative, “85 Years of Community, Service, and Savings.”
The FCU Act turned 85 Wednesday, and CUToday.info looked back on its history here.
NCUA Board Chairman Rodney E. Hood urged credit unions to make use of the agency’s digital resources.
“On this 85th anniversary of the signing of the Federal Credit Union Act, we should feel a great sense of accomplishment, but we should also accept the challenge to do more,” Hood said. “I encourage credit unions and their members to take advantage of the information resources NCUA has available. An educated credit union member is a more financially secure member.
“The Federal Credit Union Act led the way for a further democratization of banking and credit that contributed to the economic rebirth of the country following the Depression,” Hood said. “Through times of relative peace and times of conflict, through economic booms and busts, through societal and technological changes, credit unions have continued serving their members and communities. They have kept the promise of people helping people by fostering greater financial inclusion, accessibility, and opportunity for all Americans.”
The full text of Chairman Hood’s remarks is available online.
The digital outreach effort includes a commemorative page on its main website, NCUA.gov, that traces the history of the Federal Credit Union Act, the agency, and the credit union system. The page will feature a new credit union timeline, a special consumer infographic, and a commemorative seal. A new page on the agency’s MyCreditUnion.gov consumer website highlights how credit unions help their members build secure financial futures.