Help lawmakers understand the importance of our industry at NAFCU's Congressional Caucus, September 10-13.
See why we're the top advocate for credit unions.
Advice from Chris O'Connor, President/CEO, Randolph-Brooks Federal Credit Union.
NAFCU President and CEO Dan Berger welcomed the NCUA Board's decision Thursday to reach out to the credit union industry for input on the closure of the Temporary Corporate Credit Union Stabilization Fund but noted concerns about the proposal to set a 1.39 percent "normal operating level" for the share insurance fund.
Preserving equitable pricing and retaining access to the secondary mortgage market for small lenders must be incorporated into any new housing finance system, NAFCU witness Chuck Purvis, president and CEO of Coastal Federal Credit Union in Raleigh, N.C., told the Senate Banking Committee Thursday.
A proposed rule on the way equity distributions from the National Credit Union Share Insurance Fund are calculated and paid is out for comment until Sept. 5.
How secure is your credit union? It may be tempting to gaze upon your credit union’s many security cameras, vestibule locks and risk-management policies, and think, “Pretty secure.” But the news is full of stories of break-ins, kidnappings, robberies and skimming issues at credit unions whose managers likely thought the same thing.
On May 30, 2017, the Board of Governors of the Federal Reserve System (Fed) announced a $41 million civil money penalty and consent cease and desist order against the New York, New York, affiliated branch operations of Deutsche Bank AG (Deutsche Bank) for "unsafe and unsound" practices concerning its anti-money laundering program. (Member-only article)
Your members' money exclusively funds the operations of NCUA, and because every single dollar counts, NAFCU holds the NCUA to the highest standards when it comes to managing the National Credit Union Share Insurance Fund (NCUSIF), refunds from the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) and the agency's operating budget. Stay updated on these issues and our advocacy efforts on your behalf.
On February 19, 2016, the NCUA Board unanimously approved a final member business lending rule that amends Part 723 of NCUA's Rules and Regulations regarding the ability of federally-insured credit unions to make Member Business Loans (MBLs). Download NAFCU's Final Regulation summary and full rule text.