NAFCU Lauds 80th Anniversary of Federal Credit Union Act
Washington (June 26, 2014) – The National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger today lauded the 80th anniversary of the signing of the Federal Credit Union Act and recognized credit unions’ outstanding standard of excellence in service to their members.
“NAFCU is honored to have played a key role in federal credit unions’ rich history over the past 47 years,” Berger said. “We will continue to work with Congress and regulators to promote and strengthen the federal charter, and to ensure prosperity for the more than 97 million consumers (and counting) who choose credit unions.”
The Federal Credit Union Act was signed June 26, 1934, by President Franklin Delano Roosevelt. The statute created a federal charter option that ensures consumers the ability to establish a credit union anywhere in the nation.
The National Association of Federal Credit Unions is the only national organization that focuses exclusively on federal issues affecting credit unions, representing its members before the federal government and the public.