NAFCU President and CEO Dan Berger wrote to Federal Housing Finance Agency (FHFA) Acting Director Sandra Thompson Friday to offer the credit union perspective about recent amendments to the government-sponsored enterprises' (GSEs) Preferred Stock Purchase [...]
On May 31st the Paycheck Protection Program (PPP) came to a close. Created by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the PPP loan program culminated in over 11.8 million loans approved [...]
NCUA Board Chairman Todd Harper offered an overview of the current priorities at the agency before joining NAFCU President and CEO Dan Berger for a one-on-one chat during NAFCU's State of the Industry virtual event [...]
At times, managing a team can seem daunting or an intimidating task that requires the right tools. A good manager will know the importance of holding regular 1:1 meetings and providing honest performance-based feedback, [...]
NAFCU President and CEO Dan Berger wrote to the NCUA Wednesday to recommend the board consider increasing the interest rate ceiling above the current 18 percent during today's NCUA Board meeting – the interest rate ceiling [...]
Credit unions are encouraged to join NAFCU's Government Affairs Team to connect with policy makers and industry leaders during the premier credit union lobbying event of the year. NAFCU’s Congressional Caucus, held in Washington [...]
Last week the Spring 2021 regulatory agenda was published, showcasing the regulatory plans and priorities of various federal agencies. We previously blogged on entries from the Consumer Financial Protection Bureau (CFPB). This blog will focus [...]
The NCUA Monday announced the dates for its second Diversity, Equity, and Inclusion (DEI) Summit, happening virtually Nov. 2-4. The summit brings together industry professionals and leaders who are committed to advancing DEI for a [...]
Happy Monday, compliance peeps! We’ve made it to another week, and the first day of summer is here! I hope that you have some plans to enjoy it in the coming weeks and months. [...]
NAFCU Thursday wrote to the NCUA in response to the agency's interim final rule (IFR) renewing temporary prompt corrective action (PCA) regulatory relief for federally-insured credit unions (FICUs). In the letter, NAFCU Regulatory Affairs Counsel [...]
Peoples’ expectations and definition of trustworthiness are broadening for leaders. It takes a lot for leaders to gain the trust of their employees and teammates. According to Ron Carucci, these four tips published in the [...]
The Federal Open Market Committee (FOMC) maintained the federal funds rate target at a range of 0 to 0.25 percent. The Committee remains firm that current inflation is transitory and that they “aim to [...]
At NAFCU, we have a clear mantra: We fight for credit unions. Our team believes deeply in credit unions' not-for-profit, cooperative mission, and we advocate daily before key Washington, D.C. policymakers. We are proud [...]
Yesterday, the Department of Treasury announced community development financial institutions (CDFIs) awards from its Rapid Response Program (RRP) and 244 credit unions received $401.8 million in grants. The grants will be made via Treasury’[...]
On June 11, the regulators released their Spring 2021 Rulemaking Agendas, which helps inform what the agencies are planning to review and finalize in 2021. The Consumer Finance Protection Bureau (CFPB) also released a blog, [...]
