News & Insight

NAFCU seeks aid from IRS on deferred-comp plans

Wednesday, January 17, 2018

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.

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NAFCU rep testifies on CUs' value to small biz

Wednesday, January 17, 2018

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.

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ADA webcast, other resources available on NAFCU's website

Tuesday, January 16, 2018

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.

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This week: House panel marks up CFPB relief bill, NAFCU rep testifies on small-biz lending

Tuesday, January 16, 2018

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.

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Issues & Regulations

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The banking industry has relentlessly attacked the credit union tax exemption.

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.

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Five Tenets of a Healthy and Appropriate Regulatory Environment that NAFCU Supports

Regulatory Relief

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.

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