NAFCU pledges to support savings initiatives
At the America Saves Summit Wednesday, NAFCU pledged to promote programs and resources designed to help Americans save. NAFCU consistently shares credit unions' financial education efforts to help members reach their financial goals and was the only financial services industry trade to join the pledge at the event.
During the summit, attended by NAFCU Regulatory Affairs Counsel Kaley Schafer, CFPB Director Kathy Kraninger and NCUA Chairman Rodney Hood shared how their agencies are working to promote financial literacy.
Kraninger said the bureau is focused on establishing partnerships and leveraging shared resources to educate consumers about the importance of savings. A report from the bureau earlier this year found that many consumers don't have enough liquid savings to cover unexpected, emergency expenses and launched an initiative – "Start Small, Save Up" – to address the issue. Following the initiative's launch, NAFCU teamed up with the bureau to offer a webinar that covered financial literacy efforts and ways to encourage consumers to save.
Hood said the NCUA is exploring how credit unions can offer products and services that promote savings as consumer behaviors change and new technologies emerge. As a result, the agency will need to modernize its own tools and regulations and is creating an innovation center focused on doing so. In addition, Hood stressed the importance of expanding access to affordable financial institutions.
"This will require us to utilize technology, form new public-private partnerships, and support community-based depository institutions, like credit unions and community banks, which are often the only federal insured, financial service providers in many of our underserved communities," Hood said at the event. "But, we must do more, as we can no longer afford to have so many of our citizens outside of the financial mainstream."
NAFCU will continue to work with lawmakers and regulators to ensure credit unions have the ability and resources to help Americans make well-informed financial decisions and protect vulnerable populations from financial exploitation.
Add to Calendar 2020-10-27 14:00:00 2020-10-27 14:00:00 Preparing for the NAFCU Certified Risk Manager (NCRM) Designation NAFCU's Certified Risk Manager (NCRM) designation can only be obtained during NAFCU's Virtual Risk Management Seminar. It's the ideal achievement for people like you who protect your credit union against ever evolving risk threats. It also demonstrates to NCUA that you and your credit union are dedicated to managing risk. Don't miss this opportunity to learn more about the NCRM designation, its benefits and best practices for exam prep. Join NAFCU’s Executive Vice President and Chief Operating Officer Anthony Demangone for this short webcast on how best to prepare for the NAFCU Certified Risk Manager designation. PROGRAM UNDERWRITTEN BY Register NowRegistration is free, but you must register to attend.One registration gives your entire credit union access to the on-demand recording until October 27, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? Credit union employees responsible for risk, auditing, legal and operations who do NOT already have the NCRM designation Credit union executive management Credit union counsel Virtual Risk Management Seminar attendees 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 email@example.com America/New_York public
Program underwritten by NAFCU Services
Add to Calendar 2020-10-22 14:00:00 2020-10-22 14:00:00 Navigating Mergers and Acquisitions During these uncertain times, credit union mergers are a hard reality to face. We strive to strengthen credit unions with as much support as possible to maintain steady growth and success. While NAFCU does not encourage credit unions to merge, we realize mergers are a part of our industry’s reality. Please join us for a discussion on must-know concepts regarding mergers and other similar transactions, including bank and credit union branch acquisitions. This “101” presentation will focus on key concepts that will let you focus on the opportunities that will work for you, and the strategies that will bring you success. Again, NAFCU does not encourage mergers, but if you are considering one, we want you to be armed with helpful information. Key Takeaways Understand how to identify early whether merger or purchase/sale opportunities will bring material benefits Discuss strategic questions to ask your credit union whether merger is right for you (or how to stay independent) Review how to navigate major un-written rules in the application process Gain knowledge about member votes and communications Purchase Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until October 22, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? Chief Executive Officers (CEOs) Executive Vice Presidents (EVPs) Chief Financial Officers (CFOs) Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar 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: Understand how to identify early whether merger or purchase/sale opportunities will bring material benefits. Discuss strategic questions to ask your credit union whether merger is right for you (or how to stay independent). Review how to navigate major un-written rules in the application process. Gain knowledge about member votes and communications. 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: Finance – 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: NCCO, NCRM, CPE
Add to Calendar 2020-10-22 14:00:00 2020-10-22 14:00:00 [INTERVIEW] CU Blueprint for Secure Cloud-First Strategies About the Interview “Moving to the Cloud” can seem like an ambiguous, one-time, heavy-lift project, often leading to misunderstanding and analysis paralysis within credit unions. For your CU to stay competitive, you want to deliver a seamless digital experience that's more than flashy applications. It needs to be built on flexible, secure infrastructure that allows innovation. Join us for this panel discussion and learn practical, proven processes to establish and evolve secure, cloud-first strategies. Hear best practices in communication, talent, and technology, and walk away with a blueprint for your secure credit union transformation. Watch the Interview On-Demand Web NAFCU email@example.com America/New_York public
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