To amend the Federal Credit Union Act to permit credit unions to serve certain underserved areas, and for other purposes.

Bill 118 hr 10511, also known as the "Expanding Access to Credit Unions Act," aims to amend the Federal Credit Union Act to allow credit unions to provide services to underserved areas. The bill seeks to address the issue of financial exclusion in certain communities by expanding the reach of credit unions.

Under the proposed legislation, credit unions would be able to establish branches in areas that are currently underserved by traditional financial institutions. This would help to increase access to banking services, loans, and other financial products for individuals and businesses in these communities.

In addition to expanding access to credit unions, the bill also includes provisions aimed at promoting financial literacy and education in underserved areas. This would help to empower individuals to make informed financial decisions and improve their overall financial well-being. Overall, the "Expanding Access to Credit Unions Act" is designed to address the issue of financial exclusion in underserved communities by allowing credit unions to provide much-needed services and support. The bill aims to promote financial inclusion and economic empowerment for all Americans, regardless of their location or background.