Field of membership expansion clears U.S. House

Published by: Jared Weiser

June 15, 2022 | Government Affairs, Regulatory

As people-focused financial cooperatives, your credit union constantly serves financial needs through a branch network that empowers communities with unique products and services. That’s why the CUNA/League system is championing legislation that would enable credit unions to reach more communities that need access to financial services. H.R. 7003, the Expanding Financial Access for Underserved Communities Act, empowers federally chartered credit unions to reach into underserved communities and exempts any member business loan made within an underserved area from the member business lending cap, regardless of charter type.

The language included in H.R. 7003 recently passed the U.S. House of Representatives, bringing this important issue one step closer to law. The League and CUNA will now focus our efforts on the U.S. Senate, where we will continue to highlight how Ohio credit unions can help underserved communities.

Reach out to Legislative Affairs Director Jared Weiser for questions or how to help encourage H.R. 7003 passage.

Contact Jared Weiser for questions or assistance.

Jared Weiser
Jared Weiser Director, Legislative Affairs E:
Contact Us

Other Movement News

Government Affairs

League supports Ohio Computer Crimes Act

While your credit union is busy taking care of its members, the League regularly heads to the Ohio Statehouse to advocate for your ability to serve them more efficiently and […]

Final Call: Oppose arbitrary CFPB credit card fee caps

Terms, conditions, and agreements between you and your members are just that: between you and your members. As member-owned financial cooperatives, credit unions already empower their members to not only […]
Member Benefits

Create employee handbook in minutes

HR Suite is a total human resource compliance solution for your company and is complimentary to League members. It is a customizable online company Policy Manual and Employee Handbook, plus […]