WASHINGTON—The credit union tax status, fraud, and cybersecurity are just some of the industry issues outlined in an America’s Credit Unions letter sent to incoming Treasury Secretary Scott Bessent.
ACU President/CEO Jim Nussle also touched on America’s Credit Unions’ support for a financial marketplace that allows credit unions to innovate through responsible use of artificial intelligence, as well as the need for clarification regarding the Emergency Capital Investment Program.
“Credit unions are proud of the long, positive relationship we have had with the Treasury Department, including having met with many of your predecessors, working with Treasury on the Paycheck Protection Program, and maintaining strong dialogue with the Community Financial Development Institution Fund and FinCEN,” wrote Nussle. “We are excited to build on those previous efforts and work with you and the team you are assembling to help strengthen the U.S. economy and community financial institutions.”