NAFCU News Archives

NAFCU announces 2023-2024 board of directors

NAFCU announces 2023-2024 board of directors

NAFCU yesterday announced its 2023-2024 board of directors as the association started Engage 2023: NAFCU’s Annual Conference by holding its member-only Annual Business Meeting. “Our board is comprised of accomplished credit union leaders who [...]

CU leaders gather in CA for industry-leading event

CU leaders gather in CA for industry-leading event

Hundreds of credit union leaders and industry professionals are traveling to Long Beach, Calif., to join NAFCU for the premier credit union event of the year: Engage 2023: NAFCU’s Annual Conference. NAFCU President and [...]

NCUA’s 2023 spring rule making agenda

NCUA’s 2023 spring rule making agenda

On June 14th, the Office of Information and Regulatory Affairs released the Spring 2023 Unified Agenda of Regulatory and Deregulatory Actions. This Agenda includes expected regulatory actions for the rest of the year and beyond. [...]

NCUA seeks feedback on raising operating fee exemption threshold

NCUA seeks feedback on raising operating fee exemption threshold

The NCUA Board Thursday issued a notice and request for comment (RFC) on adjustments to its operating fees methodology as it considers raising the exemption threshold for federal credit unions (FCUs) that pay operating fees [...]

Embracing digital transformation

Embracing digital transformation

It’s no secret that technology is transforming and shaping the financial services industry day-by-day. Most modernization is welcomed with open arms by both credit unions and the members they serve. However, since a road [...]

Powell says inflation battle has ‘a long way to go’

Powell says inflation battle has ‘a long way to go’

Federal Reserve Chairman Jerome Powell testified before the House Financial Services Committee yesterday, where he was questioned on the state of the economy and the Fed’s plan to strengthen the banking system. On the [...]

NAFCU calls on Congress, Fed to address CU concerns ahead of hearing

NAFCU calls on Congress, Fed to address CU concerns ahead of hearing

Today, Federal Reserve Chairman Jerome Powell will testify before the House Financial Services Committee during the first of two hearings on the Federal Reserve’s monetary policy. NAFCU Vice President of Legislative Affairs Brad Thaler [...]

Q1 CU trends show rising net worth, impact of CECL

Q1 CU trends show rising net worth, impact of CECL

NAFCU’s latest CU Industry Trends report showed the industry net worth ratio is up nearly 50 basis points from a year ago, and while delinquencies remain low, loan loss reserves surged in the first [...]

Living your culture in a virtual world

Living your culture in a virtual world

Over the past several years, almost everyone has experienced the ups and downs of remote work. Studies and professional recommendations on how to manage this new reality are helpful, but not “one size fits all.” [...]

Overdraft, credit card late fees on NCUA, CFPB rulemaking agendas

Overdraft, credit card late fees on NCUA, CFPB rulemaking agendas

Federal agencies, including the NCUA and CFPB, have released their spring 2023 regulatory agendas. There are several NAFCU and credit union advocacy priorities included among the items, some of which have previously been introduced or [...]