The National Association of Federally-Insured Credit Unions issued the following news release:. Charles Purvis, president and CEO of Coastal Federal Credit Union, will testify today on behalf of the National Association of Federally-Insured Credit Unions before a Senate Banking Committee hearing on housing finance reform.
Prepared remarks of Richard Cordray Director of the consumer financial protection bureau. nafcu Annual Conference. Boston, Massachusetts July 11, 2013. Thank you so much for allowing me to join you here today. Since our inception, the Consumer Financial Protection Bureau has enjoyed a relationship with credit unions based on mutual respect and a common understanding of who it is we serve: the.
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The escalating regulatory burden from the federal government is partially to blame for the declining number of credit unions, said Linda Sweet, president/CEO of the $56 million Big Valley Federal.
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It’s different because the role of credit unions is not the same as banks and thrifts, even if the tools used are similar. credit unions are a way for members to organize, control, and direct resources and meet the needs for which for-profit firms do not offer solutions or offer solutions on terms not in the consumer’s best interest.
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NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing – CUInsight About financial health federal credit union home equity loans arlington. financial health federal credit union was chartered on Oct. 18, 1971. Headquartered in Indianapolis, IN, it has assets in the amount of $25,913,065.