Credit unions will never apologize for putting people over profit. For-profit financial institutions are responsible to their shareholders, our industry is committed to—and responsible for—Americans reaching financial freedom. The Community Reinvestment Act (CRA) [...]
America’s Credit Unions formed January 1st of this year following the member-approved merger of the Credit Union National Association and the National Association of Federally-Insured Credit Unions. Just days into the New Year, the [...]
Join NAFCU President & CEO Dan Berger, ahead of the transformation to America’s Credit Unions, as he looks back on his time at NAFCU, the moments that shaped his experience, and lessons learned during [...]
The merger of CUNA and NAFCU culminates next week with the official launch of America’s Credit Unions. This transformation is to provide the credit union industry a stronger and more responsive voice on the [...]
The Federal Reserve’s real-time payments system, the FedNow Service, launched in July with 35 participating institutions. As of December, the number of participants has grown to more than 300 financial institutions – including several credit [...]
NAFCU Senior Regulatory Affairs Counsel James Akin wrote to the NCUA Tuesday regarding the agency’s proposed amendments for regulations governing share insurance coverage. In the letter, Akin expressed support for proposed amendments simplifying share [...]
After wrapping up some end-of-year work, including passing the National Defense Authorization Act, both chambers are in recess until 2024. In addition, the Senate confirmed Tanya Otsuka to the NCUA Board prior to the year-end [...]
NAFCU and CUNA, along with several financial trade associations, wrote to Federal Housing Finance Agency (FHFA) Director Sandra Thompson to request that the agency be transparent with its data and analyses regarding credit scoring models [...]
NAFCU and other financial services trade groups sent a joint letter to the U.S Senate on Tuesday opposing Sen. Jack Reed’s, D-R.I., Predatory Lending Elimination Act. The legislation would impose a limitation [...]
Credit unions are an integral part of the American economy. They provide safe and affordable financial products and services to their nearly 140 million members and Main Street small businesses. As not-for-profit financial cooperatives, every [...]
The CFPB has finalized annual changes to the asset-size exemption thresholds under the Home Mortgage Disclosure Act (HMDA) and Regulation Z for 2024, based on the 4.1 percent increase in the average of the [...]
This week, the House is on holiday recess and will return in 2024, while the Senate is in Washington to focus on its remaining items for the end of the year. NAFCU will continue to [...]
“Industry results from the third quarter show that in terms of immediate safety and soundness concerns, the industry is in solid shape. That is exemplified by the fact that the net worth ratio climbed above [...]
The Federal Open Market Committee (FOMC) concluded its two-day meeting yesterday, where the committee maintained the target range for the federal funds rate between 5.25 to 5.5 percent for the third time. The [...]
On a seasonally-adjusted basis, overall consumer prices rose 0.1 percent in November, with the overall consumer price index (CPI) falling to 3.1 percent year-over-year. NAFCU Vice President of Research and Chief Economist Curt [...]
