The National Association of Federal Credit Unions (NAFCU) Board of Directors is scheduled to meet Dec. 7 with Federal Reserve Board Governor Jerome Powell and, later that day, with Consumer Financial Protection Bureau (CFPB) Director Richard Cordray to discuss vital credit union issues.
NAFCU’s board, during its meeting with Powell, will present findings of the 2015 NAFCU Report on Credit Unions. The meeting with Cordray will address critical issues under the bureau’s authority that affect the credit union industry.
The information gathered in the 2015 NAFCU Report on Credit Unions is based on the association’s Federal Reserve Meeting Survey, an annual assessment of NAFCU members covering topics discussed in the report. It also uses information from NAFCU’s Economic & CU Monitor, CU Industry Trends Report and the association’s 2014 study, “Economic Benefits of the Credit Union Tax Exemption to Consumers, Businesses and the U.S. Economy.” The 2015 NAFCU Report on Credit Unions will be available at www.nafcu.org/research/reportoncreditunions on Dec. 7.