June 08, 2020

NCUA to partner with Export-Import Bank

NCUAThe NCUA tomorrow is set to sign a Memorandum of Understanding (MOU) with the Export-Import Bank in an effort to promote EXIM programs and lending opportunities to credit unions.

The MOU signing ceremony is set for 4 p.m. Eastern tomorrow and will be livestreamed. Register to watch here.

The NCUA works closely with other regulators and agencies to ensure credit unions have access to guidance, resources, and programs that will allow them to better serve their members. The agency last year signed a three-year MOU with the Small Business Administration to increase awareness of SBA programs and bring small businesses and credit unions together.

The Export-Import Bank is the official export credit agency of the U.S. and works to support American jobs by facilitating the export of U.S. goods and services. It works with lenders across the country to assist businesses in securing EXIM-backed financing needed for global sales.

NAFCU has supported reauthorization of the Export-Import Bank. Last year, Congress approved a seven-year reauthorization of the bank.