NAFCU talks industry issues in member call-in
NAFCU's Dan Berger (second from left), Carrie Hunt and Anthony Demangone updated credit unions on issues and NAFCU membership matters during Thursday's member call-in.
Oct. 18, 2013 – NAFCU members were briefed on current issues facing the industry yesterday during NAFCU’s Member Call-In, “A Credit Union Industry Update,” hosted by the association’s senior staff.
Nearly 200 credit unions registered for Thursday’s call, which provided a look at ongoing threats to cybersecurity, new mortgage rules that are set to go into effect in January and the continuing debit card interchange fee case.
NAFCU President and CEO Dan Berger began the call by recognizing member credit unions’ efforts and hard work meeting their members’ needs throughout the recent federal government shutdown. He also called the attention of credit union CEOs and boards to the growing and increasingly varied ways in which their institutions and communities are being targeted by cyber criminals. “I encourage staff and boards of directors of institutions to look at their strategic plans on cybersecurity and make sure your institutions are prepared,” he said.
Carrie Hunt, NAFCU’s senior vice president of regulatory affairs and general counsel, noted the association’s compliance concerns regarding CFPB mortgage rule changes and said NAFCU continues to work with the bureau to address these.
Also during the call, NAFCU staff assured members that the association’s No. 1 priority continues to be ensuring credit unions retain their tax-exempt status and bringing more regulatory relief to the industry.
David Carrier, NAFCU’s director of research and chief economist, looked ahead to a meeting at the Federal Reserve for NAFCU’s board in December. That meeting, set for Dec. 4 with Federal Reserve Board Gov. Jeremy Stein, will focus on challenges facing the credit union industry and matters of mutual concern to NAFCU and the Fed.
Hear Thursday's call-in