NAFCU, SBA renew partnership
NAFCU President and CEO Dan Berger and Small Business Administration (SBA) Acting Administrator and General Counsel Chris Pilkerton signed a new Strategic Alliance Memorandum (SAM) yesterday aimed at expanding access to credit union small-dollar loans to small businesses across the nation.
The number of federally insured credit unions' outstanding SBA loans continues to grow, and is up 4 percent year over year. Credit union SBA loans have steadily increased over the years, and have risen by 16.5 percent since 2007. NAFCU's February Economic & CU Monitor report revealed that credit unions invest in their communities and are an important source of credit for small businesses.
Executive Vice President of Government Affairs and General Counsel Carrie Hunt, Director of Regulatory Affairs Ann Kossachev, and Regulatory Affairs Counsel Kaley Schafer also attended Tuesday's meeting.
NAFCU previously signed Memorandums of Understanding (MOU) with former SBA Administrators Maria Contreras-Sweet and Linda McMahon in 2015 and 2017, respectively, and continues to work closely with the SBA to strengthen credit unions' ability to fund loans for small businesses in their communities.
NAFCU has remained active on SBA lending issues, meeting with McMahon earlier this year to discuss credit unions' participation in SBA lending programs as well as website accessibility concerns under the Americans with Disabilities Act (ADA) and efforts to modernize the Telephone Consumer Protection Act (TCPA).
The SBA and NCUA have also signed an MOU aimed at increasing awareness of SBA programs and launching a three-year collaboration to provide webinars, training events and media outreach meant to increase credit unions' understanding and usage of SBA-backed loans and resources.
The association looks forward to continuing its partnership with the SBA and working closely with the agency to bring small businesses and credit unions together.
Add to Calendar 2020-01-15 14:00:00 2020-01-15 14:00:00 Cybersecurity Threats in 2020 As credit unions mature their cybersecurity defenses and refine their detection and response programs, hackers continue to find new ways to penetrate their systems. In this webinar, we will explore the latest developments in cybersecurity attacks and how they impact a credit union’s operations and their members. We’ll also discuss the latest in ransomware, social engineering, distributed denial of service and attacker profiles and motivations. Attendees will gain an understanding of the current cybersecurity threat landscape through the analysis of case studies and examples of public disclosures. Key Takeaways Understand the latest threat developments Learn where credit unions can focus valuable risk mitigation resources Develop and refine a framework of knowledge to plan future security efforts Purchase Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until January 15, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Bank Secrecy Officers (NCBSOs) NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Chief Executive Officers, Chief Financial Officers and Chief Operating Officers Compliance staff Risk staff IT staff BSA staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. NCBSOs 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, Education Manager, NAFCU Learning Objectives: Understand the latest threat developments. Learn where credit unions can focus valuable risk mitigation resources. Develop and refine a framework of knowledge to plan future security efforts. 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: Information Technology - 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, NCBSO, CPE
Get daily updates.
Subscribe to NAFCU today.