NAFCU To Formally Change Its Name

ARLINGTON, Va.—Much like CUs themselves that have gone through evolution in fields of membership and resulting name changes, the National Association of Federal Credit Unions (NAFCU) will be operating with a slightly different name as of Jan. 1 – the National Association of Federally Insured Credit Unions.

The change, stated NAFCU, reflects that all the association’s federally insured members—including state charters--now have full voting rights and the ability to serve on the NAFCU board of directors.

“While our name change reflects our mission to serve all federally insured credit unions, our focus remains the same,” said NAFCU Chair Richard L. Harris, president and CEO of Caltech Employees Federal Credit Union. “We remain committed to providing the best in advocacy, education and compliance assistance at the federal level.”

The NAFCU board voted unanimously to change the association’s name. NAFCU’s logo and acronym will stay the same, preserving the association’s strong brand recognition, the association stated.

In September, NAFCU’s membership approved the board’s unanimous recommendation to amend the association’s articles of incorporation to give federally insured, state-chartered members full membership and to reinforce NAFCU’s focus on credit union issues at the federal level.

NAFCU said it will continue to advocate for credit unions at the federal level, with a focus on obtaining regulatory relief for the industry from NCUA, CFPB and other regulators.