On June 26, 2023, the Center for American Progress submitted comments to the National Credit Union Administration (NCUA) board regarding their request for information on climate-related financial risks and supervisory guidance and regulatory approaches to address these risks. Credit unions are key players in local economies, providing financial services to communities that are often overlooked by larger for-profit banks. Credit unions served 135.5 million members in 2022 and are a critical resource for members of modest means to obtain access to homeownership, means of transportation, and business investments. However, like other financial institutions, they must be able to manage their exposure to climate-related financial risks in order to continue serving their members. CAP highlights the physical and transitional risks climate change poses to credit unions and their members and describes regulatory action the NCUA can take to ensure credit unions are resilient. CAP applauds the NCUA board for taking steps to address climate-related financial risks and to support a safe financial system.