December 29, 2023

Offices closed Monday for New Year’s Day

CapitolThe 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, or CUNA Senior Director of Advocacy & Counsel for Payments and Technology Madison Rose, with any questions.