The NAFCU Journal July-August 2020 - 39

CHAIR AND PRESIDENT'S REPORT

Building off a strong 2018, NAFCU's bold advocacy
agenda, responsive compliance assistance, and
forward-looking education programs continued
in 2019 to drive record growth in membership
and robust year-end financials.

industry, whether it be protecting the credit
union tax exemption, fighting for regulatory
and compliance relief, or pushing back against
outside groups that seek to do harm to our
industry's not-for-profit, cooperative mission.

At the conclusion of 2019, NAFCU's membership
represented 52 percent of federally-insured
credit union assets, 28 percent of federallyinsured state-chartered credit union assets,
and 73 percent of federal credit union assets
- tremendous growth compared to where the
association was only a decade ago.

Our success in 2019 set us up for a strong 2020. But
as COVID-19 has impacted every country across
the globe, triggering a recession, we are mindful
of the need to continue exercising behaviors that
will further contribute to a strong bottom line
while blunting as much as possible disruptions
to the association. We will continue to take
prudent care of our members' annual dues while
delivering on our commitment to be the premier
credit union trade association by always fighting
for you. We will continue to engage directly with
our membership to hear about what matters
most to you, and then dedicate resources and
develop strategic initiatives to achieve these
shared goals in innovative and exciting ways.
More importantly, we are committed to taking
care of NAFCU staff, who work hard day-in and
day-out to ensure our members have access to
the resources and assistance they need.

Our growth is a testament to the association's
commitment to delivering passionate, excellent
and member-driven service to credit unions.
More importantly, NAFCU's success would not
be possible without the talents and dedication of
our extraordinary team and the constant support
of you, our members.
We strongly believe in being responsive,
accessible and going above-and-beyond for
our members each day. In 2019, this core belief
allowed us to deliver many legislative and
regulatory wins for credit unions, respond directly
to over 10,000 of our members compliance
requests, and provide over 12,000 educational
courses in person and online to help credit union
leaders grow and serve members.
The path our association has charted is one
paved with a relentless drive to support the

Jeanne Kucey | NAFCU Chair
	

We appreciate credit unions' good work in
service to their members and communities, and
the industry should continue to expect NAFCU to
tout and support your work in Washington, D.C.
NAFCU is proud to have your support, and we
will continue to grow stronger as an association
because of it in 2020.

B. Dan Berger | NAFCU President and CEO

2



The NAFCU Journal July-August 2020

Table of Contents for the Digital Edition of The NAFCU Journal July-August 2020

The NAFCU Journal July-August 2020 - Cover1
The NAFCU Journal July-August 2020 - Cover2
The NAFCU Journal July-August 2020 - 1
The NAFCU Journal July-August 2020 - 2
The NAFCU Journal July-August 2020 - 3
The NAFCU Journal July-August 2020 - 4
The NAFCU Journal July-August 2020 - 5
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The NAFCU Journal July-August 2020 - 9
The NAFCU Journal July-August 2020 - 10
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The NAFCU Journal July-August 2020 - 13
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The NAFCU Journal July-August 2020 - 16
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The NAFCU Journal July-August 2020 - 18
The NAFCU Journal July-August 2020 - 19
The NAFCU Journal July-August 2020 - 20
The NAFCU Journal July-August 2020 - 21
The NAFCU Journal July-August 2020 - 22
The NAFCU Journal July-August 2020 - 23
The NAFCU Journal July-August 2020 - 24
The NAFCU Journal July-August 2020 - 25
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The NAFCU Journal July-August 2020 - 27
The NAFCU Journal July-August 2020 - 28
The NAFCU Journal July-August 2020 - 29
The NAFCU Journal July-August 2020 - 30
The NAFCU Journal July-August 2020 - 31
The NAFCU Journal July-August 2020 - 32
The NAFCU Journal July-August 2020 - 33
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The NAFCU Journal July-August 2020 - 37
The NAFCU Journal July-August 2020 - 38
The NAFCU Journal July-August 2020 - 39
The NAFCU Journal July-August 2020 - 40
The NAFCU Journal July-August 2020 - 41
The NAFCU Journal July-August 2020 - 42
The NAFCU Journal July-August 2020 - 43
The NAFCU Journal July-August 2020 - 44
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The NAFCU Journal July-August 2020 - 46
The NAFCU Journal July-August 2020 - 47
The NAFCU Journal July-August 2020 - 48
The NAFCU Journal July-August 2020 - 49
The NAFCU Journal July-August 2020 - 50
The NAFCU Journal July-August 2020 - 51
The NAFCU Journal July-August 2020 - 52
The NAFCU Journal July-August 2020 - 53
The NAFCU Journal July-August 2020 - 54
The NAFCU Journal July-August 2020 - 55
The NAFCU Journal July-August 2020 - 56
The NAFCU Journal July-August 2020 - 57
The NAFCU Journal July-August 2020 - 58
The NAFCU Journal July-August 2020 - 59
The NAFCU Journal July-August 2020 - 60
The NAFCU Journal July-August 2020 - 61
The NAFCU Journal July-August 2020 - 62
The NAFCU Journal July-August 2020 - 63
The NAFCU Journal July-August 2020 - 64
The NAFCU Journal July-August 2020 - Cover3
The NAFCU Journal July-August 2020 - Cover4
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