See our legislative and regulatory priorities as we sharpen our government-watchdog focus for you in 2018.
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credit union training.
Thanks to NAFCU's persistent advocacy the credit union tax exemption remains fully intact.
NAFCU published a new FAQ document to help association members and nonmembers with concerns about the Americans with Disabilities Act (ADA) and website accessibility. The document explains why credit unions are being targeted with legal action and what NAFCU is doing to help, among other useful information.
NAFCU President and CEO Dan Berger reiterated credit unions' concerns over the new tax law's employer-paid 21 percent excise tax on executive compensation of more than $1 million in a letter to Internal Revenue Service (IRS) Acting Commissioner David Kautter on Tuesday. He asked that the IRS look into ways to make the change less impactful to the industry.
NAFCU representative Sonya McDonald will testify today before the House Small Business Committee on how to strengthen the Small Business Administration's (SBA) 7(a) loan program and the value credit unions provide to the nation's small businesses.
NAFCU has myriad resources available online that can help credit unions better understand and manage recent issues related to the Americans with Disabilities Act (ADA) and its provisions on website accessibility. One resource, available on demand, is a webcast offering credit unions legal insight into ADA compliance.
With the House and Senate back in session, the House Financial Services Committee is poised this week to mark-up more than a dozen bills - including a NAFCU-backed bill that would provide credit unions regulatory relief from the CFPB - as NAFCU prepares to deliver its first congressional testimony of the year on small-business lending.
Fight back with the facts. NAFCU's 2017 study, "Economic Benefits of the Credit Union Tax Exemption to Consumers, Businesses, and the U.S. Economy" sets the record straight. Use the data in our study to strengthen your argument when talking to members of Congress and opinion leaders.
Credit unions did not contribute to the financial crisis yet are still subject to increasing regulatory requirements mandated under the Dodd-Frank Act. Accordingly, broad-based regulatory relief continues to be a top priority for NAFCU and its member credit unions.