Newsroom

Back to the Newsroom
FOR IMMEDIATE RELEASE | November 30, 2020

NAFCU Statement on Janet Yellen's Nomination as President-Elect Biden's Treasury Secretary

WASHINGTON – The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued following statement after President-elect Joe Biden nominated former Federal Reserve Chair Janet Yellen to serve as Treasury Secretary: 

“NAFCU congratulates former Federal Reserve Chair Janet Yellen on being nominated to serve as Treasury Secretary in President-elect Joe Biden’s administration,” said NAFCU President and CEO Dan Berger.  “The Treasury Department plays a key role in ensuring the American people get the economic relief they need to emerge from the pandemic better, stronger and financially sound, and credit unions remain a key part of the solution. We look forward to working with Ms. Yellen once she is confirmed by the U.S. Senate to provide our nation with the financial support it needs.”

NAFCU's board met annually with Ms. Yellen at the Federal Reserve Board headquarters from 2012 to 2017. During the meetings, the board presented NAFCU's Annual Report on Credit Unions, which details the latest issues affecting credit unions and the impact the Fed's actions have on the industry.

                                                                                                                                                ###
 
The National Association of Federally-Insured Credit Unions is the only national trade association focusing exclusively on federal issues affecting the nation’s federally-insured credit unions. NAFCU membership is direct and provides credit unions with the best in federal advocacy, education and compliance assistance. For more information on NAFCU, go to www.nafcu.org or @NAFCU on Twitter.
 

Media Contact

Related Resources

Add to Calendar 2024-05-03 14:00:00 2024-05-03 14:00:00 Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing About the Webinar In January 2024, Pentegra conducted a survey of retirement plan sponsors and their perspectives on retirement plan management and fiduciary outsourcing. The survey measured how sponsors are using fiduciary outsourcing to help better manage their retirement plans. It also captured their perspectives on what outsourcing does to help them better position their plans and drive improved retirement plan outcomes. Key Takeaways: What is the full scope of your responsibilities as a plan sponsor? What is fiduciary outsourcing and how does it work? How does fiduciary outsourcing help reduce workloads and minimize risk? How can a credit union best position its plan to drive improved outcomes? Register Here Web NAFCU digital@nafcu.org America/New_York public

Plan Sponsor Attitudes Toward Retirement Plan Management and Fiduciary Outsourcing

preferred partner
Pentegra
Webinar

Turning Lemons into Lemonade: Capitalizing in a Post-Banking Crisis Era

Strategy

preferred partner
Allied Solutions
Blog Post

Ensuring Safety and Soundness with AI

Management, Consumer Lending, FinTech

preferred partner
Upstart
Blog Post
Add to Calendar 2024-05-02 14:00:00 2024-05-02 14:00:00 Mastering Resilience in Incident Response Plans About the Webinar An Incident Response (IR) plan is crucial for guiding credit unions through major incidents efficiently and effectively. However, many IR plans lack resilience, making them less adaptable to the evolving threat landscape.  Join us for our webinar Mastering Resilience in Incident Response Plans where DefenseStorm cyber experts Elizabeth Houser and James Bruhl will delve into the importance of resiliency within cybersecurity IR plans.  Don’t miss out on the opportunity to learn how to:  Ensure IR plan accessibility so that all team members with assigned roles are prepared for effective incident response.  Conduct efficient and regular reviews to ensure roles and responsibilities are current, tools are relevant, and compliance requirements are met.  Implement and utilize tabletops to regularly test the effectiveness of your IR plan.  Enhance preparedness, efficiency, and confidence among responders.  View On-Demand Web NAFCU digital@nafcu.org America/New_York public

Mastering Resilience in Incident Response Plans

preferred partner
DefenseStorm
Webinar