Credit union leaders are making a difference sharing the impact of overregulation on the people they serve with Congress. Bringing their messages from Indiana and Kentucky, respectively, credit union CEOs Karen Madry and Karen Harbin provided a voice for the people who will face the greatest challenges if programs like overdraft protection are put at risk.
Madry is president/CEO of Afena Federal Credit Union which is located in a rural community that surrounds Marion, Indiana. It’s a low-income designated credit union and the only Community Development Financial Institution located in the county where it is headquartered. Madry testified before the House Financial Services Committee in May, outlining how overdraft protection is critical for her members.
Madry’s comments reinforce the example Karen Harbin, president/CEO of Commonwealth Credit Union in Frankfort, Kentucky, shared about the impact overdraft makes for members facing hard financial choices during her Congressional testimony in March.
Both leaders reiterated the steps their credit unions – along with others across the country – take to make sure members know the costs and consequences before opting in to programs like overdraft protection.
America’s Credit Unions continues to ensure the credit union perspective is heard by key lawmakers and decisionmakers on Capitol Hill and beyond.
