Berger meets with key leaders on Hill as lawmakers work on funding package
NAFCU President and CEO Dan Berger spent Wednesday on Capitol Hill meeting with credit union champions, including House Majority Leader-elect Steve Scalise, R-La., and Rep. Roger Williams, R-Texas, to discuss industry priorities and key issues.
NAFCU Vice President of Legislative Affairs Brad Thaler, Senior Director of Legislative Affairs Chad Adams, and Senior Associate Director of Legislative Affairs Lewis Plush also participated in the meetings.
Scalise is set to become House Majority Leader when the 118th Congress starts Jan. 3, 2023, while Williams is in line to become chairman of the House Small Business Committee. Both have worked on credit union issues and been receptive to NAFCU’s advocacy efforts during their times in Congress.
NAFCU is engaged with lawmakers to have credit union priorities addressed in the end-of-year funding package, including legislation to address marijuana banking issues, extend Central Liquidity Facility (CLF) improvements, modernize requirements for credit union board meetings, and provide transparency around the Community Development Financial Institutions (CDFI) Fund.
Government funding is currently set to expire at midnight Friday, but the House passed a short-term resolution Wednesday evening to extend the deadline to Dec. 23. The Senate is expected to approve the extension to give lawmakers more time to finalize the omnibus spending package.
Stay tuned to NAFCU Today for the latest out of Washington.
Growth & Retention
Add to Calendar 2023-09-22 14:00:00 2023-09-22 14:00:00 Understanding Credit Card Portfolio Sales & Agent Programs Both credit union and bank credit card issuers are under intense pressure from various sources, including competitor innovation, significant internal resource commitments, increasing operating expenses, uncertain regulatory and economic environments and a variety of capital and liquidity constraints. This has led to about 80% of all banks offering credit cards under an ‘agent issuing’ model, where a third-party issues credit cards under the financial institution’s name. While hundreds of credit unions do the same, and interest in this option has increased in the last two years, the majority of credit unions still own and manage this product themselves. Deciding whether this option can meet strategic, financial and member needs can be difficult to untangle. In this webinar, Understanding Credit Card Portfolio Sales & Agent Programs, you’ll delve into the structure of such programs, the financial and risk-profile impacts of such a decision, the contractual commitments required of both parties and discover evaluation tips and processes for any credit union that would like to evaluate this path. Key Takeaways Discover the structure of the agent issuing concept and obligations of both parties Understand the financial impact of entering such a program to the balance sheet, income statement, and critical performance ratios Ascertain the impacts to members, including both positive and negative possibilities Review the accompanying contractual structures and key considerations Develop an evaluation process that best protects the credit union’s financial and other outcomes Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until September 22, 2024.Go to the Online Training Center to access the webinar after purchase » Who Should Attend COOs CFOs NCCOs and compliance titles NCRMs and risk titles General counsel staff Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar CPA credit information is below; recommended 1.0 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Senior Associate Director of Education, NAFCU Learning Objectives: See key takeaways Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.0 credits Recommended Field of Study: Regulatory Ethics – Technical About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, DC. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU email@example.com America/New_York public
Credits: NCCO, NCRM, CPE
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