Newsroom
NAFCU, CUNA, CUNA Mutual Stand Together in Support of NCUA’s Field of Membership Rule
WASHINGTON – The National Association of Federally-Insured Credit Unions (NAFCU), Credit Union National Association (CUNA) and CUNA Mutual Group today issued support for the National Credit Union Administration’s (NCUA) 2016 field of membership (FOM) rule in light of the American Bankers Association’s (ABA) call for the U.S. Court of Appeals for the D.C. Circuit to rehear its prior decision. The appeals court panel decision in August was largely in favor of the NCUA.
“NAFCU stands firmly with the NCUA, and its efforts to modernize credit unions’ field of membership rules,” said NAFCU President and CEO Dan Berger. “While the ABA continues its meritless attacks against credit union growth and competition, NAFCU will continue to support FOM modernization so that credit unions can serve their members, including the underserved, which banks have so often left behind. NAFCU strongly believes in the credit union industry’s cooperative, not-for-profit mission, and that credit unions provide the best financial solutions the marketplace has to offer.”
“The D.C. Circuit Court of Appeals found that credit unions are an important part of America’s financial tapestry,” said Jim Nussle, CUNA President/CEO. “That the bankers continue to spend time and resources to limit consumers’ access to responsible financial services is telling in how we approach our service to communities across the country.”
“CUNA Mutual Group continues to stand by NCUA and its authority to interpret the Federal Credit Union Act,” said Phil Tschudy, CUNA Mutual Group spokesperson. “We will continue to work diligently with CUNA and NAFCU to defend and promote credit union field of membership.”
Share This
Media Contact
Related Resources
Add to Calendar 2024-04-24 14:00:00 2024-04-24 14:00:00 Optimize Liquidity, Maximize Loan Growth: The Network Lending Advantage About The Webinar Join us to learn more about network lending, a cooperative model allowing credit unions to optimize liquidity and achieve loan growth. Discover how credit unions can participate in loan pools with other institutions, allowing them to diversify portfolios, access loans with potentially lower risk and higher yields, and expand lending capacity without necessarily needing a surge in deposits. Delve into how credit unions can pool their resources, set common underwriting and pricing standards, and collectively originate, buy, and sell loans to optimize liquidity management. Hear from your peers about best practices, case studies, and practical strategies to harness the full potential of network lending and how it's helped their credit unions. Don't miss this valuable opportunity to learn how to strengthen your credit union's position in today’s competitive environment. Key Takeaways: How network lending differs from traditional lending The benefits of participating in loan pools with other credit unions How credit unions can set common underwriting and pricing standards and collectively originate, buy and sell loans to optimize liquidity management Why network lending is critical to loan growth Register Here Web NAFCU digital@nafcu.org America/New_York public
Optimize Liquidity, Maximize Loan Growth: The Network Lending Advantage
preferred partner
LendKey
Webinar
Add to Calendar 2024-04-23 14:00:00 2024-04-23 14:00:00 Monitoring the Latest Litigation Risks Credit unions’ operations pose litigation risks, with more of these cases being filed as class action lawsuits. In this Monitoring the Latest Litigation Risks for Credit Unions webinar, you’ll review some of the specific kinds of lawsuits impacting credit unions and what potential claims could be on the horizon. You’ll also examine some options for mitigating risks. Key Takeaways Review the current lawsuit trends. Understand the potential claims risks Explore options for mitigating risks. 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 April 23, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCRMs will recieve 1.0 CEUs for participating in this webinar NCCOs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Monitoring the Latest Litigation Risks
Credits: NCCO, NCRM
Webinar
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
Get daily updates.
Subscribe to NAFCU today.