Newsroom
NAFCU, CUs continue meetings with Fed banks
NAFCU Chief Economist and Vice President of Research Curt Long and member credit unions are continuing to meet with Federal Reserve banks to discuss various industry issues, including the economic outlook, interest rates, lending landscape and faster payments. They met yesterday with Federal Reserve Bank of St. Louis President James Bullard, and will meet Friday with Federal Reserve Bank of Boston President Eric Rosengren.
Both Bullard and Rosengren are currently voting members on the Federal Open Market Committee (FOMC) – the Fed's monetary policy-setting arm. The committee met last week and left rates unchanged, and also indicated it will continue to reduce the Fed's securities holdings.
Long and a group of NAFCU members also met last month with Federal Reserve Bank of Minneapolis President Neel Kashkari.
NAFCU continues to engage with the Fed regarding its work to make the payments system faster and more secure – an issue on which the Federal Reserve Bank of Boston is leading – and has met with Fed staff to discuss the strategy for achieving more secure payments. The association in December shared how credit unions could benefit from faster payments services, and the Fed has launched an initiative among industry stakeholders to help improve payments security.
NAFCU and its Board of Directors meet annually with the Federal Reserve to present findings from the association's Report on Credit Unions and to discuss issues critical to the credit union industry. The group met with Federal Reserve Vice Chairman of Supervision Randal Quarles in November; see a recap of the discussion here.
More information on the Federal Reserve and its regional banks is available here.
Share This
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 Watch On-Demand 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
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Get daily updates.
Subscribe to NAFCU today.