Ahead of floor consideration for the Fiscal Year 2025 State, Foreign Operations, and Related Programs bill, America’s Credit Unions President/CEO Jim Nussle wrote to Speaker of the House Mike Johnson, R-La., and Minority Leader Hakeem Jeffries, D-N.Y., and members of the House of Representatives to advocate for a FY2025 $50 million funding level for the U.S. Agency for International Development’s (USAID) Cooperative Development Program (CDP), in addition to funding the World Council of Credit Unions’ (WOCCU) efforts through the CDP funding.
Nussle highlighted credit unions’ historic role in responding to disaster and crisis situations, explaining that “credit unions become a source of community stability as people come together to see that their families are fed.”
“The credit union cooperative model is unique in that it provides them with the ability to weather financial shocks that draw consumers to them during times of crises,” added Nussle. “This must be recognized by policy makers to allow credit unions to play an important role in the recovery during a time of economic uncertainty.”
In addition, Nussle explained WOCCU’s worldwide efforts to promote economic freedom and growth, financial inclusion, financial access, and more. Read the full letter.
