MONTREAL – NAFCU's Tuesday announcement of its expanded field of membership will open up potential membership to approximately 2,500 federally insured, state chartered credit unions, giving them new opportunities to access previously untapped resources related to federal advocacy. However, NAFCU said it does not plan to expand its advocacy activities to the state level, and its state-chartered credit union members will not be permitted to serve on NAFCU's board or vote in board elections.
In an onsite interview with CU Times, NAFCU President/CEO Dan Berger and Ed Templeton, NAFCU board chair and president/CEO of the $721 million SRPFCU, emphasized NAFCU's plans to continue its focus on federal issues. They said while they do not have a specific projection of how many state chartered credit unions will join NAFCU, the association is prepared to accommodate a growing membership from a technology and human resources standpoint.
"Our platform will remain the same in that our focus is on federal issues," Berger said. "The difference is that we will provide those services to state chartered credit unions."
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Natasha Chilingerian
Natasha Chilingerian has been immersed in the credit union industry for over a decade. She first joined CU Times in 2011 as a freelance writer, and following a two-year hiatus from 2013-2015, during which time she served as a communications specialist for Xceed Financial Credit Union (now Kinecta Federal Credit Union), she re-joined the CU Times team full-time as managing editor. She was promoted to executive editor in 2019. In the earlier days of her career, Chilingerian focused on news and lifestyle journalism, serving as a writer and editor for numerous regional publications in Oregon, Louisiana, South Carolina and the San Francisco Bay Area. In addition, she holds experience in marketing copywriting for companies in the finance and technology space. At CU Times, she covers People and Community news, cybersecurity, fintech partnerships, marketing, workplace culture, leadership, DEI, branch strategies, digital banking and more. She currently works remotely and splits her time between Southern California and Portland, Ore.
