Caucus launches with conversation between Sec. Rice, Berger
NAFCU's annual Congressional Caucus kicks off today with credit union leaders from around the country set to join the association's award-winning advocacy team and high-profile Washington decision makers in a reimagined virtual format. Leading the lineup today: 66th U.S. Secretary of State Condoleezza Rice.
The annual event provides the credit union industry the opportunity to hear directly with lawmakers, regulators, and administration officials and hold meetings to help shape policy discussions and ensure credit union priorities are included.
Today's sessions start at 1 p.m. Eastern. Not registered yet? Registration is still open here. Plus, attendees will have access to on-demand recordings of the event for the next two weeks. An online event community also allows attendees to connect with peers and access key resources to boost advocacy efforts. Attendees can also see the full, detailed agenda with tentative start times for all speakers.
Following welcome remarks from NAFCU President and CEO Dan Berger, Sec. Rice will provide the event's opening keynote and participate in a special panel with Berger. Learn more about Sec. Rice here.
Caucus attendees today will also get an inside look at what's happening on Capitol Hill from Senate Minority Leader Chuck Schumer, D-N.Y., Senate Banking Committee Chairman Mike Crapo, R-Idaho, and Ranking Member Sherrod Brown, D-Ohio. NAFCU works closely with the Senate Banking Committee and is continuing to advocate for credit union relief priorities amid the coronavirus pandemic. See what issues the association is currently working to obtain.
In addition, CFPB Director Kathy Kraninger, Federal Housing Finance Agency (FHFA) Director Dr. Mark Calabria, Financial Crimes Enforcement Network (FinCEN) Deputy Director Michael Mosier, and Department of Housing and Urban Development (HUD) Deputy Director Brian Montgomery will provide updates on their agencies' recent efforts.
See the full agenda for today and tomorrow. Stay tuned to NAFCU Today for highlights from the event.
Add to Calendar 2020-09-17 14:00:00 2020-09-17 14:00:00 NCUA’s Subordinated Debt: The Fundamentals and Strategy Having access to capital is incredibly important for any financial depository institution. NCUA has recognized this and as such proposed an amendment to authorize the issuance of subordinated debt by natural person credit unions for purposes of regulatory capital treatment. Currently only low-income credit unions may issue subordinated debt that can count toward their net worth requirement. The proposal allows complex credit unions and new credit unions this option, which will count toward their risk-based capital requirement. This webinar will cover NCUA’s proposal to authorize the issuance of subordinated debt, the process and its usefulness for managing liabilities and capital. It will address the: proposed rule, regulatory approval process, terms of the debt instrument, offering process and eligible investor, reasons to issue subordinated debt and current interest rate environment. Key Takeaways Understand the approval and offering processes Discuss identifying potential investors Review the supplemental capital’s role in longer-term strategic planning Learn the pros and cons and financial impacts of subordinated debt Register Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until September 17, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? Chief Executive Officers (CEOs) Executive Vice Presidents (EVPs) Chief Financial Officers (CFOs) Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Understand the approval and offering processes. Discuss identifying potential investors. Review the supplemental capital’s role in longer-term strategic planning. Learn the pros and cons and financial impacts of subordinated debt. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Finance - Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. 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 firstname.lastname@example.org America/New_York public
Credits: NCCO, NCRM, CPE
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