Federal Credit Union Act Modernization

Changes in the financial services landscape and evolving consumer expectations have shifted the way people use and view their money. It’s time to let credit unions provide members across the country with 21st-century solutions, and to remove outdated requirements that prevent credit unions from devoting their full attention to serving their members. America’s Credit Unions supports legislation to modernize field of membership, ease restrictions on business lending, reduce the required number of annual board meetings, and more. Modernizing the Federal Credit Union Act will enhance the industry’s ability to reach consumers and communities that would most benefit from a dedicated not-for-profit financial partner.