| What you should know | Congress recently passed legislation that continues to give consumers a choice in where they save and borrow. The banking industry tried to limit consumers by asking Congress to vote against HR 1151, the Credit Union Membership Access Act. But Congress saw the big picture. The Credit Union Membership Access Act continues to let consumers choose a credit union as their primary financial institution. It allows credit unions to expand their field of memberships to be able to accept more members and to grow to benefit their members. The banking industry didn’t want that to happen. They wanted credit unions to either stay at the level that they are at or go back to the size they originally started at! This would have caused many credit union members to be expelled with many consumers not being able to choose a credit union at all. Consumers would have been forced to conduct their financial business at a high feeing bank. |
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| For your info... | The Credit Union Campaign for Consumer Choice The assault on credit unions by the banking industry How credit unions are working to ensure consumers have a choice in financial institutions |