WASHINGTON — USA Federal Credit Union President/CEO Mary Cunningham testified July 11 before the House Subcommittee on Financial Institutions and Consumer Credit on credit unions' legitimate offerings of overdraft protection programs.
"Madam Chair, credit unions have long been involved in providing some form of overdraft or bounced check protection for their members," Cunningham, who testified on behalf of CUNA, said. "This is fully consistent with the philosophy and mission of the credit union industry to serve members' financial needs and to help them resolve
short-term financial problems." The hearing occurred at press time.
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