NAFCU reiterates necessary CU tools as House considers COVID relief package

by NAFCU Newsroom

Ahead of today’s expected House consideration of the American Rescue Plan Act, a $1.9 trillion coronavirus relief package, NAFCU Vice President of Legislative Affairs Brad Thaler outlined some key provisions in the bill that NAFCU supports, as well as several tools and flexibilities that will allow credit unions to continue to support their members and communities amid the coronavirus pandemic and beyond.

Thaler highlighted several ways in which credit unions have stepped up to help their communities amid the crisis and reiterated additional measuresto support these efforts, including:

  • capital flexibility under the Federal Credit Union (FCU) Act similar to what banks were provided in the CARES Act;
  • additional investment authorities for federal credit unions;

 

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