2011 NAFCU Top Priorities

Posted: 2010-12-29 00:00:00

• Continue to champion preservation of the federal tax exemption for all credit unions by educating legislators and regulators about credit unions’ unique member-owned, not-for-profit status.
• Enhance the value of the federal charter, spearheading measures such as more member business lending authority and modernized capital standards that preserve mutuality.
• Ensure, through strong advocacy, that legislative and regulatory efforts, including at the new Consumer Financial Protection Bureau, do not result in the imposition of additional regulatory burdens on the credit union industry.
• Advance the value of credit union membership by educating Congress and the public about credit unions’ service to communities, their work to thwart predatory lending, focus on members’ data security and contributions to financial literacy.
• Continue to advocate for lessening the impact and cost of assessments for corporate stabilization and federal share insurance.
• Continue to advance credit union interests regarding the reasonableness of interchange fees, including preservation of the statutory exemption for institutions with $10 billion in assets or less.
• Monitor implementation of new rules and changes to the corporate credit union system, especially as NCUA may wish to extend some to natural person credit unions.
• Advocate for changes to assist credit unions in operational issues (for example, reinstitute full RegFlex authority, keep a strong federal preemption).
• Continue to press for credit-union-friendly changes to Regulation Z and monitor any further changes to credit card rules.
• Continue to advocate for examination consistency; and for exam appropriateness with regard to concentration risk.
• Continue to lend strong political support to national candidates that understand and appreciate the interests of the credit union industry.
• Continue to provide credit unions opportunities to boost growth and productivity, educate staff and build best practices through programs of NAFCU and its subsidiary, NAFCU Services Corporation.