Email Newsletters (E-Access)

Ease the Burden

Credit unions are not-for-profit financial cooperatives that provide high-quality, affordable services to 105 million American consumers—their member-owners. During the financial crisis, while big Wall Street banks had to be bailed out by taxpayers, financially sound credit unions like Vermont Federal Credit Union helped middle-class families weather the storm.

Vermont Federal Credit Union members didn’t cause the problems that pushed the economy into the Great Recession, so why are we being punished like the gigantic banks that did?

Instead of focusing on the real problems with Wall Street, Congress and Washington bureaucrats overcorrected and created expensive new regulatory burdens that hurt credit union members.

Let’s take a quick look at the facts:

• Out-of-control federal regulations have a staggering $7.2 billion total impact on credit unions.
• Since 2010, total regulatory costs for credit unions have increased by 39%.
• Credit unions have lost $1.1 billion in revenue due to regulatory costs.

Credit union members deserve to be treated fairly.  What may work for the biggest banks in America doesn’t make sense for us.

It’s time for Congress to fix the problem and tell regulators to ease the excessive burden that is being placed on Vermont Federal Credit Union and millions of individual credit union members. Ask your U.S. Senators and Representatives to demand that regulators exempt credit unions from these expensive and punitive new rules.

Learn more at: www.easetheburden.com

 

Past e-Newsletters

January
February
March
April
May
June

If you are a member and would like to receive our monthly email newsletter with helpful banking information, community involvement and product updates, contact our Call Center at (888) 252-0202 Option 3.