NAFCU advocacy hits ground running in 2020
NAFCU President and CEO Dan Berger and the association's award-winning advocacy team have started 2020 strong, taking to Capitol Hill and reaching out to key administration officials – including President Donald Trump – and regulators to share issues credit unions would like addressed this year.
Growth remains NAFCU's No. 1 priority, and its 2020 legislative and regulatory priorities are all developed with credit union input to ensure the industry's continued success. Of note, credit unions continue to see membership growth – now providing safe, affordable financial services to nearly 120 million Americans – as well as loan and asset growth.
Last week, Berger and NAFCU lobbyists met with key members of the Senate Banking Committee, including Chairman Mike Crapo, R-Idaho, Ranking Member Sherrod Brown, D-Ohio, and Sens. Jon Tester, D-Mont., Doug Jones, D-Ala., and Chris Van Hollen, D-Md., to discuss housing finance reform, efforts to create a national data privacy standard, the Senate's approach to BSA reforms following House-passage of NAFCU supported bills, and legislation to provide the NCUA with greater flexibility in setting loan maturity limits.
These meetings came on the heels of another day on Capitol Hill, during which NAFCU's unmatched relationships in Congress were on full display. NAFCU maintains these relationships to ensure credit unions' voices are heard at the highest levels of government.
In addition to the Capitol Hill meetings, members of NAFCU's Government Affairs team met with NCUA Office of Examinations and Supervision Director Scott Hunt to discuss the agency's exam modernization efforts and 2020 supervisory priorities. The newest Compliance Monitor and a recent NAFCU Compliance Blog post provide credit unions with resources to be successful during exams this year.
NAFCU launched its 2020 priorities as Congress returned to Washington for the second session of the 116th Congress. Berger sent the priorities to the House and Senate in a letter to Senate Majority Leader Mitch McConnell, R-Ky., Senate Minority Leader Chuck Schumer, D-N.Y., House Speaker Nancy Pelosi, D-Calif., and House Minority Leader Kevin McCarthy, R-Calif.
Berger also shared them with key officials, including:
- President Trump;
- Treasury Secretary Steven Mnuchin;
- Federal Reserve Chairman Jay Powell;
- U.S. National Economic Council Director Larry Kudlow;
- Department of Housing and Urban Development Secretary Ben Carson;
- Federal Housing Finance Agency Director Dr. Mark Calabria;
- Federal Communications Chairman Ajit Pai;
- CFPB Director Kathy Kraninger; and
- NCUA Board Chairman Rodney Hood and Board Members Todd Harper and J. Mark McWatters.
NAFCU will maintain its reputation as the credit union industry's Washington Watchdog throughout 2020 to advocate on the issues that will impact institutions' success, in addition to providing members with exceptional member service and access to the resources and connections needed to keep growing.
Add to Calendar 2020-10-20 14:00:00 2020-10-20 14:00:00 Creative Growth Strategies for COVID-19 and Beyond: Credit Union Panel About the Webinar In this panel discussion, credit union leaders will introduce strategies that have helped them continue to thrive through the pandemic. Key topics addressed include: Successful lending growth and risk mitigation strategies Digital and account strategies driving member activity and sales Recommended tips for responding to current trends, while planning for the future Watch the Webinar On-Demand Web NAFCU email@example.com America/New_York public
Add to Calendar 2020-10-20 14:00:00 2020-10-20 14:00:00 Insurance Issues in the Time of COVID As the COVID-19 health crisis lingers, businesses continue to look to insurance for protection against losses due to revenue loss, cancelled events, government shutdown orders, and other coronavirus-related losses and resulting litigation. Join two Hunton Andrews Kurth insurance coverage attorneys, Sergio F. Oehninger and Geoffrey Fehling, as they discuss the complex issues involving insurance for COVID-19 losses. Attendees will leave this webinar with a better understanding of what policies may provide coverage for losses incurred during and after the COVID-19 pandemic; the importance of reviewing insurance policies to evaluate the adequacy of coverage both before and after a loss arises; and practical tips to navigate tricky areas such as notice, loss submissions and policy renewals. Key Takeaways Discuss the myth of “No coverage for COVID-19” that insurers and traditional media outlets are saying Review policies before a claim arises to be prepared and protected by insurance for the next loss Discuss COVID-19 claims tied to shutdown orders, business closures, loss of use of business facilities and similar suspended operations Register Now For On-Demand AccessRegistration is complimentary, but you must register to attend.One registration gives your entire credit union access to the on-demand recording until October 20, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Risk Managers (NCRMs) Chief Operating Officers (COOs) Chief Financial Officers (CFOs) Risk staff Education Credits 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: Discuss the myth of “No coverage for COVID-19” that insurers and traditional media outlets are saying. Review policies before a claim arises to be prepared and protected by insurance for the next loss. Discuss COVID-19 claims tied to shutdown orders, business closures, loss of use of business facilities and similar suspended operations. 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: Specialized Knowledge – 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: NCRM, CPE
Add to Calendar 2020-10-20 09:00:00 2020-10-20 09:00:00 Automating Vendor Invoice Auditing to Improve the Bottom Line Listen On: Key Takeaways: [02:04] Now is the most important time to be looking at back-office operations and trying to determine if there are ways to access low hanging fruit and turn that into some costs savings at a time when that asset is precious. [08:43] Automating is almost like a type of insurance going forward because our contracts are living, breathing things and they change, and therefore the invoice changes. It is also a more professional way to handle vendors. [13:06] You release human capital to be used in other places in your back office. If the machine finds an error you also save the money before you pay the invoice. Web NAFCU email@example.com America/New_York public
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