NAFCU Chastises ABA For Barring CUs From Events

ALEXANDRIA, Va.–As NAFCU prepares to host its annual conference later this week in Honolulu, the trade group is taking the American Bankers Association to task for allegedly barring credit union officials from attending any ABA events. “This policy, we believe, undermines the best interests of the consumer and the financial services industry,” said NAFCU. “Moreover, we believe this exclusionary policy runs counter to the current legislative and regulatory climate, which is striving to promote a more open and proactive exchange of information to benefit consumers of any and all types of financial institution. Tactics like this fuel divisiveness and create an unnecessary veil of secrecy.” NAFCU did note that at least some credit union officials are welcome to attend ABA events: those who are former bankers and hold the ICB designation.