April 17, 2014

Deadline for lending survey approaches

April 18, 2014 – NAFCU is seeking responses from members by April 30 to a survey addressing lending rules and their impact on operations – the "special topic" for the next issue of the NAFCU Economic & CU Monitor.

NAFCU's research department is tallying numbers from respondents to track trends in delinquencies, performance ratios, and other lending data. The survey also asks respondents to describe their current system for collecting and reporting Home Mortgage Disclosure Act information, how respondents will be affected by the CFPB's new qualified mortgage rules, and how respondents handle services such as prepaid cards and student loans.

The results will appear in the May edition of the Economic & CU Monitor, a NAFCU member-only monthly newsletter on macroeconomic and financial trends affecting credit unions. The April issue focused on NCUA's risk-based capital proposal. Only 10 percent of respondents believed the proposal was a sensible approach to controlling for risk. In related news, the deadline for comment letters to NCUA on the proposal is May 28.

Members can participate in the monthly surveys by filling out an online form or emailing an excel file. Survey results help NAFCU advocated for legislative and regulatory relief for credit unions by allowing NAFCU staff to present the latest data to federal agencies and lawmakers.