NAFCU Press Archives

NAFCU to IRS, Hatch: Don’t add to credit unions’ compliance burden

WASHINGTON, DC (April 24, 2018) — The National Association of Federally-Insured Credit Unions (NAFCU) in a letter to and conversation with the IRS today and in a personal visit to the office of Sen. Orrin Hatch, R-Utah, argued that requiring credit unions to file additional ...

NAFCU applauds another win for credit unions over ADA

WASHINGTON, DC (April 17, 2018) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to another win for credit unions facing litigation over unclear website requirements under the Americans with Disabilities Act (ADA). For the ...

NAFCU requests NCUA make changes to capital planning, stress tests

WASHINGTON, DC (December 28, 2017) — In response to the National Credit Union Administration's (NCUA) proposed rule on capital planning and supervisory stress testing, National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Andrew Morris today issued a letter recommending the NCUA work to ...

NAFCU advances call for national data security standard in joint letter

WASHINGTON, DC (December 21, 2017) — The National Association of Federally-Insured Credit Unions (NAFCU) joined six other financial industry trades in suggesting legislative fixes to address the recent trend of data breaches affecting companies, financial institutions and consumers. In a joint letter, the trade groups ...

NAFCU cheers preservation of the credit union tax exemption

WASHINGTON, DC (December 18, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to the revised tax reform legislation released today by House-Senate conference leaders. Berger counts this latest development as a major win ...

NAFCU Chief Economist Curt Long weighs in on Fed interest-rate increase

WASHINGTON, DC (December 13, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued a statement following the Federal Reserve’s announcement of a quarter-point increase in the federal funds target rate to a range of 1.25 to 1.5 ...

NAFCU applauds advancement of bill to repeal RBC rule

WASHINGTON, DC (December 13, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to the House Financial Services Committee's approval of legislation sponsored by Rep. Bill Posey, R-Fla., to repeal the NCUA's risk-based capital (...

NAFCU CEO says NCUA Q3 data shows economic value of credit unions

WASHINGTON, DC (December 13, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger said credit unions’ third-quarter 2017 call report data, released today by the National Credit Union Administration (NCUA), highlights the credit union industry’s strength and value to ...

NAFCU Chief Economist Curt Long statement on November jobs report

WASHINGTON, DC (December 8, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Department’s November employment report, released this morning. "This was a solid report, albeit one that failed once again ...

NAFCU shares risk-based capital concerns with Congress in 9th testimony of 2017

WASHINGTON, DC (December 7, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) representative Brian Ducharme, president and CEO of MIT Federal Credit Union in Cambridge, Mass., is expected to deliver the following prepared remarks at today's House Financial Services Committee hearing entitled, "Legislative Proposals ...

NAFCU joins enterprise Ethereum Alliance

WASHINGTON, DC (December 7, 2017) — The National Association of Federally-Insured Credit Unions (NAFCU) today announced it has joined Enterprise Ethereum Alliance (EEA), an industry-supported, not-for-profit established to build, promote and broadly back Ethereum-based technology best practices, open standards and open-source reference architectures. NAFCU is ...

NAFCU applauds Senate Banking Committee for adding MBL, HMDA to bill

WASHINGTON, DC (December 6, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today issued a statement following the passage of a NAFCU-backed regulatory reform bill in the Senate Banking Committee, which includes provisions offering relief under the member business ...