NAFCU Press Archives

NAFCU secures CU wins in final NDAA

WASHINGTON, DC (December 4, 2020) — The final fiscal year 2021 National Defense Authorization Act (NDAA) has been released by the conference committee with NAFCU-fought wins for credit unions: It doesn't include the harmful provision that would have treated banks the same as a military ...

NAFCU Research: Beige Book confirms sizeable confidence loss

WASHINGTON, DC (April 15, 2020) — The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Federal Reserve released its latest Beige Book: “The Fed’s latest Beige Book confirms not only ...

NAFCU statement on Trump administration’s GSE reform plan

WASHINGTON, DC (September 6, 2019) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the Trump Administration finalized plans from the Treasury Department to reform the government-sponsored enterprises (GSEs), Fannie Mae and Freddie Mac: "We ...

NAFCU Congressional Caucus kicks off Sept. 9-11 in D.C.

WASHINGTON, DC (September 4, 2019) — The National Association of Federally-Insured Credit Unions (NAFCU) will host their annual Congressional Caucus Sept. 9-11 in Washington, D.C at the Hyatt Regency Washington on Capitol Hill. During NAFCU’s Congressional Caucus, dozens of prominent officials and policymakers ...

NAFCU statement supporting NCUA’s hemp guidance

WASHINGTON, DC (August 20, 2019) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the National Credit Union Administration (NCUA) released interim guidance on serving hemp businesses: "We thank NCUA Chairman Rodney Hood for issuing ...

NAFCU to NCUA: Consider strength of CUs in RBC framework

WASHINGTON, DC (July 26, 2019) — The National Association of Federally-Insured Credit Unions (NAFCU) EVP ofGovernment Affairs and General Counsel Carrie Hunt in a letter today urged the NCUA to consider “the totality of new regulation imposed since the financial crisis, much of which has ...

NAFCU responds to CFPB QM announcement

WASHINGTON, DC (July 26, 2019) — The National Association of Federally-Insured Credit Unions (NAFCU) EVP ofGovernment Affairs and General Counsel Carrie Hunt issued the following statement in response to the CFPB’s announcement today that it plans to allow the QM patch to expire January ...

NAFCU-sought CECL delay issued by FASB

WASHINGTON, DC (July 17, 2019) — The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Financial Accounting Standards Board (FASB) issued a NAFCU-sought proposal, which would delay the implementation date of ...

NAFCU supports Senate “Stop and Study” CECL bill

WASHINGTON, DC (May 22, 2019) — The National Association of Federally-Insured Credit Unions’ (NAFCU) President and CEO Dan Berger issued the following statement after Senator Thom Tillis, R-N.C., introduced the Continued Encouragement for Consumer Lending Act (S.1564), which requires a quantitative study on ...