REQUIRED INFORMATION FOR CREDIT UNION BOARD CHAIRMEN AND MANAGEMENT

Chairman Hood Reinforces Commitment to Financial Inclusion, Launches ACCESS Initiative ALEXANDRIA, Va. (Oct. 19, 2020) – National Credit Union Administration Chairman Rodney E. Hood today reinforced his commitment to financial inclusion by announcing the launch of the agency’s new Advancing Communities through Credit, Education, Stability, and Support, or ACCESS, initiative. “As Chairman, I have consistently characterized financial inclusion as the civil rights issue of the 21st century,” Chairman Hood said. “There is a clear business case for credit unions to enhance their outreach to underserved and underbanked populations. The NCUA will dedicate resources from across its lines of business to bring more Americans into the financial mainstream and provide them with greater access to safe and affordable financial services.” The ACCESS initiative will bring together leaders across the NCUA to refresh and modernize regulations, policies, and programs in support of greater financial inclusion within the agency and the credit union system. It will build on earlier successes and address the financial services and financial literacy needs of underserved and diverse communities across the U.S, as well as expand opportunities for employment. View the entire press release​