CONNECTING WITH WHITE HOUSE, TREASURY LEADERS

The following information was released by the Credit Union National Association (CUNA):

Bringing credit union priorities directly to administration officials, America's Credit Unions President/CEO Scott Simpson, Senior Vice President of Advocacy Greg Mesack, and Head of Regulatory Advocacy James Akin met with Treasury and National Economic Council leaders Thursday.

"Today's discussions with Treasury and the National Economic Council were productive and focused on advancing policies that expand opportunity and strengthen financial security. Credit unions are well positioned to support priorities like Trump Accounts, a stable and affordable housing finance system, and community investment through the CDFI Fund," Simpson said. "We deeply appreciate the Administration's engagement and look forward to continued collaboration to ensure economic growth and freedom."

Treasury Under Secretary for Domestic Finance Jonathan McKernan

The meeting addressed the importance of allowing credit unions to be authorized Trump Account providers, shared the credit union perspective on potential Fannie Mae and Freddie Mac reforms, Bank Secrecy Act reforms and implementation of the GENIUS Act.

McKernan spoke at this year's Congressional Caucus and acknowledged that Treasury has heard credit unions' fraud concerns "loud and clear." America's Credit Unions is also engaged with Treasury on continued support for the Community Development Financial Institution (CDFI) Fund.

Special Assistant to the President for Economic Policy Jeff Wrase

Wrasewho serves on the White House National Economic Counciladvises the administration on both U.S. and foreign economic policy.

Simpson reiterated America's Credit Unions' strong support for a full three-member board to lead an independent NCUA, noting several constraints with the current board of a single chairman.

The group also shared credit union Trump Account and CDFI Fund priorities.