Dan Berger, the president and CEO of the National Association of Federal Credit Unions, opened the first full day of the congressional caucus by detailing his top goals for the industry.
“Tell them the good news you have going on at home,” Berger told attendees, saying that as legislators and their staffs deal with the conflict in Syria, they will welcome hearing from credit union representatives about how they are helping American communities. “You are the leaders of the credit union movement.”
Berger cited the credit union federal income tax exemption as an advocacy goal, as well as housing finance reform and continued government-guaranteed access for credit unions to the secondary mortgage market.
Berger pointed to a lack of guaranteed access in current proposals on government-sponsored enterprises Fannie Mae and Freddie Mac—the Corker-Warner bill from Sens. Bob Corker (R-Tenn.) and Mark Warner (D-Va.), as well as the Protecting American Taxpayers and Homeowners Act.
Additionally, Berger discussed the need for regulatory relief, saying credit unions did not cause the financial crisis and should not be punished for the actions of America’s largest institutions. He thanked attendees for coming to the caucus and encouraged them to speak with lawmakers on the industry’s goals and accomplishments.