NAFCU witness Purvis stresses importance of credit unions’ access to secondary market in Senate Banking hearing – CUInsight

Coastal FCU’s Purvis to stress importance of CUs’ access to secondary market in hearing NAFCU witness Chuck Purvis, president and CEO of Coastal Federal Credit Union in Raleigh, N.C., today will emphasize during a Senate Banking Committee hearing the importance of ensuring that any housing finance reform plan preserve credit unions unfettered access to the secondary market, and under fair pricing conditions.

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NAFCU Witness Purvis Stresses Importance of Credit Unions’ Access to Secondary Market in Senate Banking Hearing FOR IMMEDIATE RELEASE Washington (July 20, 2017) -Charles Purvis, president and CEO of Coastal Federal Credit Union (Raleigh, N.C.), will testify today on behalf of the National Association of Federally-Insured Credit Unions ( NAFCU ) before a Senate Banking Committee hearing on housing finance reform.

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recognizes the importance of keeping the current electronic debit card payments system. Ensuring credit union access to the secondary market is one of NAFCU’s top legislative. Meeting Between Governor Stein and the National Association of Federal Credit Unions (NAFCU)

Credit unions exist because at the root of human motivation, people like to feel they are caring for themselves, rather than at the mercy of powers beyond their control. The credit union movement began in Germany during the mid-1800s, following a devastating potato famine that left many farmers and families literally starving to death.

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