Watch: NAFCU’s Mesack gives industry updates from March
The second half of March was dominated by conversations around the recent failures of Silicon Valley Bank and Signature Bank. As NAFCU President and CEO Dan Berger noted on Bloomberg TV, credit union deposits remain safe and over 90 percent of deposits are insured.
Additionally, Mike Wilson, chief experience officer at Members 1st Credit Union (Enola, PA.), testified on NAFCU’s behalf at the House Small Business Committee’s hearing on the CFPB’s Section 1071 proposed rule.
Watch NAFCU’s latest video as NAFCU Senior Vice President of Government Affairs Greg Mesack provides additional updates from March. Be sure to join NAFCU’s efforts to tout the credit union difference to policymakers and the public via #NAFCUNation.
- On March 28, NAFCU-member Michael Wilson, Chief Experience Officer of Members 1st FCU, testified before the House Small Business Subcommittee on Economic Growth, Tax, and Capital Access for a hearing on the CFPB’s Section 1071 Small Business Lending Data Collection proposed rule. In his statement, Wilson highlighted the costs and other burdens this proposal would have on credit unions and offered NAFCU’s recommendations for reducing those burdens.
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