NAFCU Press Archives

CU tax exemption untouched in Republican tax plan; NAFCU remains vigilant

WASHINGTON, DC (September 27, 2017) — While no changes to credit unions' federal tax exemption were proposed in the Republicans' latest tax reform framework released today, the National Association of Federally-Insured Credit Unions (NAFCU) remains vigilant in touting the importance of the exemption to the ...

NAFCU encourages ‘Flexibility’ in DOL overtime rule

WASHINGTON, DC (September 26, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Regulatory Affairs Counsel Ann Kossachev yesterday wrote the U.S. Department of Labor encouraging the department to revise the overtime rule with more flexibility and reasonable benchmarks to ensure the credit union ...

NAFCU to Senate panel: CU tax exemption benefits entire economy

WASHINGTON, DC (September 19, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler yesterday wrote the Senate Finance Committee reminding committee leaders of the economic value the credit union tax exemption provides to the entire economy – estimated at ...

CUs, NAFCU meet with HUD Secretary Carson today to talk housing

WASHINGTON, DC (September 18, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) member credit unions and association senior staff today are meeting with Housing and Urban Development Secretary Ben Carson at HUD headquarters to discuss credit unions' role in helping low-income individuals, affordable housing ...

NAFCU asks regulators to share Equifax details to help CUs

WASHINGTON, DC (September 16, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt, in separate letters today, asked the Federal Trade Commission, Consumer Financial Protection Bureau and National Credit Union Administration to work together ...

NAFCU, CUs succeed at keeping NCUA out of approps process

WASHINGTON, DC (September 14, 2017) — The credit union industry scored a big win this afternoon as the House passed an amendment sought by the National Association of Federally-Insured Credit Unions (NAFCU) to keep the NCUA out of the appropriations process. The amendment to Division ...

NAFCU and SBA renew partnership to increase loans to small businesses

WASHINGTON, DC (September 13, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger and Small Business Administration Administrator Linda McMahon today signed a Memorandum of Understanding which will work to improve access to small dollar loans to small businesses across ...

NAFCU’s Hunt: Final corporate resolution must be fair to CUs

WASHINGTON, DC (September 6, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt today wrote the National Credit Union Administration (NCUA) reiterating the associations' view that pairing closure of the Temporary Corporate Credit Union ...

NAFCU chief economist Curt Long statement on August Jobs Report

WASHINGTON, DC (September 1, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) NAFCU Curt Long issued the following statement in response to the Labor Department’s August employment report, released this morning. "Job growth disappointed in August, with employment gains falling shy of expectations ...

NAFCU’s Berger: NCUA’s TCCUSF closure proposal not in best interest of CUs

WASHINGTON, DC (August 29, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger today wrote the National Credit Union Administration (NCUA) reiterating the association's opposition to the NCUA's proposed raising of the National Credit Union Share Insurance Fund's (NCUSIF) normal ...

NAFCU calls for ‘Fairness, Accuracy and Equity’ in OTR methodology

WASHINGTON, DC (August 25, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Senior Regulatory Affairs Counsel Michael Emancipator today wrote the National Credit Union Administration urging the agency to retain its current overhead transfer rate methodology, calling it an "objective formula-based model" that "prioritizes ...