Newsroom
Offices closed Monday for New Year’s Day
The legacy CUNA and NAFCU offices will be closed Monday in observance of New Year’s Day. Credit union members will still have access to the website for resources as well as regulatory and legislative updates on key issues.
Here are a few recent updates to be aware of:
ECU Monitor on NCUA exams: The latest issue of the Economic & CU Monitor details changes in recent NCUA exams, noting that credit union respondents desire exam reforms related to consistent application of rules and guidance.
The monitor also provided a brief look at economic conditions, stating “the positive developments in the economy persuaded the FOMC to make a significant shift in its outlook for 2024,” including the committee scheduling three rate cuts.
NAFCU, CUNA debit interchange survey: Credit unions are encouraged to participate in the NAFCU and CUNA debit interchange survey. Results will allow the associations to quantify the cost and return on debit card programs and to better understand how potential regulations will impact credit unions and their members. Members received the survey via email in December.
The associations noted that responses will be confidential, and results will only be reported in the aggregate. Credit unions are encouraged to reach out to NAFCU Senior Regulatory Affairs Counsel James Akin, jakin@nafcu.org or CUNA Senior Director of Advocacy & Counsel for Payments and Technology Madison Rose, mrose@cuna.coop with any questions.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public
2024 Mid-Year Fraud Review
Strategy & Growth, Consumer Lending
preferred partner
Allied Solutions
Podcast
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically. [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters. [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public
The Evolving Role of the CISO in Credit Unions
preferred partner
DefenseStorm
Podcast
Get daily updates.
Subscribe to NAFCU today.