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Credit Union Trade Groups Confront New Reality

Trade groups mull the potential for financial disruptions on a scale quite larger than consumer regulations.

By Jim DuPlessis | December 16, 2024 at 06:33 PM
Federal Deposit Insurance Corporation building in Washington, D.C. Photo: Diego M. Radzinschi/ALM

Typically the nation’s credit union trade groups address threats from regulators that might cut into credit union revenue incrementally — like an expanded budget for the NCUA and tighter consumer protections around overdraft fees.

Those concerns remain, but officials with the Defense Credit Union Council (DCUC) and America’s Credit Unions on Monday brought up the possibility that Trump’s advisors might recommend something completely different: Combining the NCUA and the FDIC.

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