NAFCU meets with NCUA on corporate CUs
NAFCU Vice President of Research and Chief Economist Curt Long and Senior Counsel for Research and Policy Andrew Morris met yesterday with the NCUA's Office of National Examination and Supervision (ONES) to discuss issues related to corporate credit union rules.
The association supports corporate credit unions and the invaluable role they play as providers of liquidity, and would like to see the NCUA make amendments to its current rules to allow more flexibility without impacting the safety and soundness of the corporate system.
Of note, the NCUA's spring rulemaking agenda indicated that a proposed rule to expand the permissible lending activities for credit union service organizations (CUSOs) is expected soon. NAFCU also recently offered recommendations "to ensure corporate credit unions are adequately equipped to serve the needs of the credit union industry" as the agency conducts its annual regulatory review.
NAFCU will continue to work with the NCUA on these issues.
Add to Calendar 2020-07-30 14:00:00 2020-07-30 14:00:00 NAFCU Roadshow: Issues Facing Alabama, Mississippi & Louisiana Credit Unions During COVID-19 Please join us on Thursday, July 30 at 2:00 p.m. ET (1:00 p.m. CST) as we host a special webinar for Alabama, Mississippi, and Louisiana-based credit unions. During the webinar, NAFCU EVP and COO Anthony Demangone will discuss what credit unions should expect in the coming months amid the COVID-19 pandemic and what NAFCU is doing to help credit unions during this difficult time. COVID-19 isn’t stopping NAFCU from what we do best; engaging with credit unions. PROGRAM UNDERWRITTEN BY Key Takeaways Review the Small Business Administration’s Paycheck Protection Program; Discuss regulatory relief; Learn more about what’s happening on your behalf in meetings with the NCUA and CFPB; Walk through market specific performance trends; And more! Note: The information in this webinar is tailored to Alabama, Mississippi, and Louisiana-based credit unions. 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 July 30, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? Alabama, Mississippi, and Louisiana-based credit unions Education Credits This webinar doesn't qualify for any continuing education credits recognized by NAFCU or NASBA. 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
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