Credit Union Response To Modest Means Data Release

REPORT SHOWS CREDIT UNIONS SERVE WORKING AMERICANS

NCUA ‘Member Service Assessment Pilot’ verifies CUs serve who Congress intends

NCUA Report

Get the full NCUA Member Service Assessment Pilot here

The information gathered by NCUA in its just-released 'Member Service Assessment Pilot' (MSAP) shows who credit unions serve, but highlights other key issues too:

  • The data clearly show that credit unions are serving those whom Congress has always intended they serve: Middle income, working Americans seeking to improve their lives but who live largely paycheck to paycheck.

  • Credit unions could serve even more Americans of modest means if Congress drops or lowers key barriers that hinder credit union reach to these consumers.

  • The banking industry’s staunch opposition, in the courts and on Capitol Hill, to credit union efforts to serve lower-income Americans is in stark contrast to their complaints credit unions are not doing enough.

GAO Reports

GAO Report to Ways and Means on Modest Means (2 MB, 110 pgs.)

GAO Report to Ways and Means on NCUA Corporate Governance

Below are a variety of tools for Leagues and credit unions to use in explaining the NCUA data, the meaning of the data, and providing background to key audiences on whom credit unions serve, and why.

GAO Reports to Ways and Means Committee

The GAO has submitted two reports to Chairman Thomas of the Ways and Means Committee. The first report deals with credit union service to members of modest means. The second report covers NCUA corporate governance.

Message Points

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CUNA has developed the following message points for use in all dealings with the media and general public regarding credit unions and service to those of modest means.

Fact Sheets

These contain information which will help you deliver quick, strong and sharp interpretations of the facts and counter any opposing messages meant to discredit credit unions.

Statements and Analysis from CUNA

Reaction from Capitol Hill

News Coverage

We have compiled articles from various publications for you to use as independent resources for proving credit union's service to those of modest means.

Below are links to current News Now stories highlighting credit unions that are making a difference.

RELATED STORIES: CUs Make a Difference

CUNA Capitol Hill Materials

Inside-the-Beltway Ads

CUNA has run these ads in Hill publications, which feature real people telling their story about how their credit union helped them financially.

State-by-State Credit Union vs. Bank Analyses

These fact sheets contain information on the differences between banks and credit unions in areas such as interest/loan rates, assets, deposit size and member-business loan comparisons.

Research