News & Insight

NAFCU before Senate Banking Tuesday on reg relief

Monday, September 15, 2014

NAFCU witness Linda McFadden, president and CEO of XCEL Federal Credit Union in Bloomfield, N.J., will seek regulatory relief for credit unions during a Senate Banking Committee hearing Tuesday that will also include witnesses for NCUA and banking regulators.

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Gerety: 'Cybersecurity doesn’t have to be complicated'

Monday, September 15, 2014

Treasury Department Acting Assistant Secretary for Financial Institutions Amias Gerety discussed the rising number of cybersecurity threats facing credit unions at NAFCU's 2014 Congressional Caucus Friday.

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TFCU Article: How Passionate Are Your Members?

Monday, September 15, 2014

Creating and maintaining a passionate member base is more valuable than having dozens of gold bricks in your vault. Does your credit union have the pieces in place to foster passionate members?

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TFCU Article: Taking a strategic approach to community outreach

Monday, September 15, 2014

Credit unions are being socially responsible in creative and relevant ways that have a positive impact on their communities, employees and organizations.

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Issues & Regulations

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NCUA to reexamine the risk weights in its proposed risk-based capital rule

Capital Reform

NAFCU attended all of NCUA's three listening sessions in Los Angeles on June 26, 2014, Chicago on July 10, 2014 and Alexandria, Va. on July 17, 2014. During each session NCUA Board Chairman Debbie Matz said the agency would reexamine the risk weights in its proposed risk-based capital rule. Matz also said a second comment period for the proposal is unlikely and that the implementation period for any rule would be longer than 18 months.

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Merchants must be held accountable when fraud occurs on their end

Data Security

The time and resources it takes to notify members, reissue cards, and make members whole in instances of fraud is overwhelming. Federal standards must exist for merchants on the safekeeping of financial and personal information, as well as data breach notification.

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