This past week, the National Association of Federally-Insured Credit Unions turned 50. Given that I’ve been associated with NAFCU since 2000, first as a vice president and in recent years as an independent contractor (one-third of NAFCU’s existence!), I’ve developed an affinity for this organization that supports America’s federally insured credit unions.
In an article I wrote earlier this year for NAFCU’s magazine (“NAFCU Turns 50: Celebrating a Half-Century of Service“), I noted that NAFCU remains just as nimble, just responsive to its members and just as innovative as it was when it was founded.
Credit unions have come a long way since 1967 when they had 19 million members and $13 billion in assets. Today, credit unions have over 107 million members and $1.3 trillion in assets. They’ve made a difference in the lives of countless Americans, and NAFCU has been a major part of that.
In my estimation, NAFCU has been successful for three reasons:
- Over the years, it’s stayed true to its principles of federal advocacy, compliance assistance and education.
- It’s built a culture of member service that its employees embody in everything they do.
- It is unswervingly committed to bringing the benefits of credit union membership to consumers.
So hats off to NAFCU and 50 years of serving America’s credit unions!