This week: NAFCU urging CU advocacy, following NCUA budget briefing, RBC rulemaking

by NAFCU Newsroom

Senate and House lawmakers are in their home districts and states though the Nov. 6 midterm elections, providing a great opportunity for credit unions to reach out on top industry issues as NAFCU continues its award-winning advocacy on Capitol Hill.

On Wednesday, NAFCU Board Chair Jeanne Kucey (president and CEO of JetStream Federal Credit Union) will provide comments on the NCUA’s draft 2019 and 2020 budgets during a briefing. NAFCU has long supported public budget briefings to help ensure transparency and accountability in the budgeting process. The budgets estimate $304.4 million in spending for 2019 and $316.2 million in spending for 2020.

On Thursday, the NCUA Board is expected to finalize a rule to amend its risk-based capital (RBC) rule and issue a proposed rule to modernize the Federal Credit Union (FCU) Bylaws.

Also this week, NAFCU’s Regulatory Committee holds its monthly meeting Tuesday.

 

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