NAFCU makes additional requests as Congress, FOMC address coronavirus concerns

by NAFCU Newsroom

NAFCU President and CEO Dan Berger Monday asked President Donald Trump and National Economic Council Director Larry Kudlow to provide credit unions with additional relief and support to better serve members impacted by the coronavirus. Berger’s request comes as Congress, the Federal Reserve, and other agencies attempt to slow the spread of virus and address economic concerns.

In the letters to Trump and Kudlow, Berger offered suggestions to provide relief, including:

  • removing or modifying the cap on member business lending;
  • providing capital relief to credit unions;
  • raising the 15-year maturity limit on certain credit union loans;

 

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