Our industry is in the midst of a fight for regulatory relief. The National Association of Federally-Insured Credit Unions has worked with the Credit Union National Association and state leagues to put credit unions in the best possible position. Last week, CUNA President and CEO Jim Nussle attacked NAFCU's leadership and member credit unions in a shockingly inaccurate and insulting editorial. We want to set the record straight.
NAFCU listens and acts on what credit unions care about most. Our positions are member-driven. Every position NAFCU takes is a reflection of the positions of our members, taken from direct feedback, member committees and our board of directors. And even when it may not have been the easiest thing to do, NAFCU has always fought for broad regulatory relief for credit unions.
We were stunned to read Mr. Nussle's op-ed. He clearly misrepresented our positions and tactics. He deliberately used words such as "foolish," "reckless," and even went as far as to call our members "treasonous."
An attack on NAFCU is an attack on credit unions. NAFCU's board and committees are made up of credit union leaders who have dedicated their careers to our industry. I am proud to work with them and we will always stand by them.
As we move forward, NAFCU will continue to work with CUNA and other credit union trade associations. NAFCU and its board will always do what is best for its membership and the industry as a whole.