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Fred R. Becker, Jr.
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Fred R. Becker, Jr., joined NAFCU as president and CEO in January 2000, and he has worked relentlessly since then to champion credit union issues with federal regulatory agencies, The White House and Congress. He has also dramatically increased NAFCU’s direct contact with its membership and outreach to the national media.

Under Becker’s leadership, NAFCU has forged a strong working relationship with the National Credit Union Administration (NCUA) to address such key issues as community chartering, field of membership and promotion of the credit union share insurance fund.

NAFCU’s efforts have led to heightened awareness of credit union issues on Capitol Hill. Most recently, NAFCU lobbied, in concert with NCUA, to secure parity for credit unions in the Emergency Economic Stabilization Act. This legislation increased the level of federal deposit insurance for credit unions in individual share accounts. NAFCU and the NCUA also collaborated to secure the removal of the existing cap on the lending authority of the Central Liquidity Facility, a government corporation established in 1998 to ease credit union liquidity needs.

In addition, Becker spearheaded NAFCU’s efforts on the Regulatory Relief Act of 2006. NAFCU has also actively lobbied since 2003 to revise limits on member business lending and reform credit union capital standards. NAFCU has backed legislation, the Credit Union Regulatory Improvements Act (CURIA), designed to modernize credit union legislation. To date, NAFCU has helped CURIA garner 150 co-sponsors in the House. A Senate version of CURIA was introduced in Spring 2008.

On the media front, Becker’s insightful letters to the editor and interviews have appeared in USA Today, U.S. News and World Report, The Washington Post, The New York Times and The Wall Street Journal. Becker has also appeared on national and regional television and radio outlets including Fox Business Network, NewsChannel 8, Bloomberg Radio, Wall Street Journal Radio and many others.

Becker is a graduate of the U.S. Naval Academy. He holds a JD from the Marshall-Wythe School of Law at the College of William and Mary. He also holds an MBA from Virginia Polytechnic Institute & State University (Virginia Tech).

The National Association of Federal Credit Unions (www.nafcu.org) is a direct membership organization representing federally chartered credit unions.

Entries by Fred R. Becker, Jr.

4 Lessons From Bank Transfer Day

(4) Comments | Posted November 2, 2012 | 11:32 AM

One year ago, Bank Transfer Day (Nov. 5, 2011) became a nationwide phenomenon for credit unions. What began as a single frustrated bank customer's Facebook event to protest a proposed $5 debit fee transformed into an organic consumer movement that had people voting with their wallets by moving their accounts...

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Credit Unions: Still the Best Bet for Consumers

(6) Comments | Posted October 12, 2012 | 5:09 PM

One year after the Federal Reserve's debit interchange fee cap rule was implemented and Bank of America announced (and then retracted) its ill-fated $5 fee for debit card use, the American public continues to vote with their wallets. Over 1.3 million people joined credit unions last year.

...
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National Small Business Week: Main Street Means Business

(0) Comments | Posted May 22, 2012 | 3:12 PM

Small businesses are vital to Main Street and our nation's economic growth. According to a recent Small Business Administration report, small businesses outperformed large firms in job creation by 75 percent from 1992 through 2010.

Consider the story of John and Suzanne Hermann, owners of the Bagel Factory...

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It's Time to Expand Credit Unions' Member Business Lending: If Not Now, When?

(6) Comments | Posted March 15, 2012 | 5:34 PM

Today, Congress is still reviewing how to help create jobs and jumpstart the nation's fragile economic recovery.

The nation's credit unions and their nearly 94 million members want to know: If not now, then when will the Congress get serious about real efforts to create jobs and improve access...

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Small Business & Credit Unions: A Valuable Partnership

(0) Comments | Posted May 25, 2010 | 7:13 PM

In honor of National Small Business Week and with all the recent discussion about small business lending initiatives on Capitol Hill, I thought it was an opportune time to shine some light on the longstanding relationship between credit unions and small businesses.

For decades credit unions -- not-for-profit, member-owned financial...

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Financial Literacy Is No Joke

(1) Comments | Posted April 1, 2010 | 11:03 AM

Today is both the beginning of Financial Literacy Month and April Fool's Day. Coincidentally, I thought it was the perfect time to help folks get smart about their financial choices and revisit the Move Your Money campaign. When it was launched, it ignited a firestorm among many who sought better...

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Moving Your Money? Then Try a Credit Union

(42) Comments | Posted January 6, 2010 | 8:19 AM

We applaud the call for folks to move their money to local financial institutions; we just think that call should also include credit unions.

Credit unions, not-for-profit, member-owned financial institutions, have been widely recognized for their prudent business practices and great service. A key reason...

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