Matz Testimony on "Examining the State of the Banking Industry" before the Senate Committee on Banking, Housing and Urban Affairs' Subcommittee on Financial Institutions
I. Introduction
The National Credit Union Administration (NCUA) appreciates the opportunity to provide views on "Examining the State of the Banking Industry." Federally-insured credit unions comprise a relatively small but important part of the financial institution community. However, some 90 million members belong to credit unions so the asset size of the industry is not proportional to its importance to consumers.1