NAFCU Press Archives

NAFCU testimony to Congress

WASHINGTON, DC (March 16, 2017) — Ken Krueger, CEO of Lutheran Federal Credit Union in St. Louis, Mo., will testify on behalf of NAFCU Wednesday before a House Financial Services Subcommittee on the process for chartering a new financial institution. Wednesday, March 15, 2:00 ...

NAFCU letter on flood insurance reform

WASHINGTON, DC (March 16, 2017) —   Good afternoon, Below please find NAFCU Vice President of Legislative Affairs Brad Thaler's letter to House Financial Services Subcommittee on Housing and Insurance regarding the multiyear reauthorization of the National Flood Insurance Program In the letter, Thaler wrote, "...

NAFCU testimony to Congress

WASHINGTON, DC (March 15, 2017) — Ken Krueger, CEO of Lutheran Federal Credit Union in St. Louis, Mo., will testify on behalf of NAFCU Wednesday before a House Financial Services Subcommittee on the process for chartering a new financial institution. Wednesday, March 15, 2:00 ...

NAFCU testimony to Congress March 15

WASHINGTON, DC (March 13, 2017) — Ken Krueger, CEO of Lutheran Federal Credit Union in St. Louis, Mo., will testify on behalf of the National Association of Federally-Insured Credit Unions (NAFCU) Wednesday before a House Financial Services subcommittee regarding the process for chartering a new ...

NAFCU comment letter to CDFI on CDFI certification

WASHINGTON, DC (March 10, 2017) —   Good afternoon, Attached please find NAFCU Senior Regulatory Affairs Counsel Michael Emancipator's letter to the Community Development Financial Institution (CDFI) regarding CDFI certification. In the letter, Emancipator wrote, "As the Fund reviews its application and reporting requirements, NAFCU ...

NAFCU Chief Economist Curt Long statement on February jobs report

WASHINGTON, DC (March 10, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement in response to the Labor Dept.’s February employment report. "The labor market continues to add jobs at a robust pace. With the addition ...

NAFCU statement on CFPB’s plan to delay prepaids compliance date

WASHINGTON, DC (March 10, 2017) — NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt issued the following statement today on the CFPB's proposal to extend from October 2017 to April 2018 the compliance deadline for its prepaid accounts final rule: "Although ...

NAFCU comment letter re: TCPA prior express consent

WASHINGTON, DC (March 9, 2017) — Good afternoon, Attached please find NAFCU Regulatory Affairs Counsel Ann Kossachev's letter to the Federal Communications Commission (FCC) regarding the Telephone Consumer Protection Act (TCPA). In the letter, Kossachev wrote, since the FCC’s 2015 Declaratory Ruling and Order (...

NAFCU testifies on SBA lending, CUs’ value to small biz before congress today

WASHINGTON, DC (March 9, 2017) — Randolph-Brooks Federal Credit Union Executive Vice President and Chief Lending Officer Sonya McDonald will testify today on behalf of NAFCU before the House Small Business Subcommittee on Investigations, Oversight and Regulations on the Small Business Administration's 7(a) loan ...

NAFCU testimony to Congress

WASHINGTON, DC (March 7, 2017) — Representatives of Chevron Federal Credit Union (Oakland, Calif.) and Randolph-Brooks Federal Credit Union (Live Oak, Texas) will testify this week on behalf of the National Association of Federally-Insured Credit Unions (NAFCU) before two House committee and subcommittee hearings on ...

NAFCU: NCUA data shows credit unions reach nearly 107 million members

WASHINGTON, DC (March 6, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger said credit unions’ fourth-quarter 2016 call report data, released today by the National Credit Union Administration (NCUA), highlights the credit union industry’s strength and value to ...

NAFCU hails reintroduction of supplemental capital bill

WASHINGTON, DC (March 1, 2017) — National Association of Federally-Insured Credit Unions (NAFCU) Vice President of Legislative Affairs Brad Thaler today praised Reps. Peter King, R-N.Y., and Brad Sherman, D-Calif., for their bipartisan leadership in seeking credit union relief by reintroducing NAFCU-backed legislation, the “...