Newsroom
This week: CUs encouraged to contact lawmakers on key issues
The House and Senate are on a two-week recess and NAFCU is encouraging credit unions to contact their lawmakers to discuss critical industry issues, such as data security, Small Business Administration (SBA) loan fees, loan maturity limits and more. The association will continue its award-winning advocacy efforts on Capitol Hill on these issues, and will also monitor the NCUA Board meeting Thursday.
NAFCU Vice President of Legislative Affairs Brad Thaler, in an email to member credit unions last week, outlined four key ways for credit unions to engage with their lawmakers during the congressional district work period:
- arrange for a representative or senator to make a personal visit to the credit union;
- attend town hall meetings or roundtable discussions;
- write lawmakers and urge them to support key legislative efforts; and
- communicate with lawmakers via their social media channels.
In recent weeks, NAFCU has advocated for:
- Telephone Consumer Protection Act (TCPA) reforms that protect credit unions' ability to contact members;
- giving the NCUA greater flexibility in setting loan maturity limits under the Federal Credit Union Act;
- strengthening credit unions' participation in SBA lending and protecting lenders and borrowers from increased fees;
- more guidance on the current expected credit loss (CECL) standard;
- protecting consumers from banks that are still too big to fail; and
- not extending Community Reinvestment Act (CRA) regulations to credit unions.
Credit unions can use NAFCU's Grassroots Action Center to find their lawmakers' contact information and additional information on these issues and more can be found on the association's website.
During its meeting Thursday, the NCUA Board is set to issue an advanced notice of proposed rulemaking (ANPR) related to compensation in connection with loans to members. This will be the first board meeting with Rodney Hood as chair and Todd Harper as a board member. Read more about the issue here.
Also happening this week:
- NAFCU Chief Economist and Vice President of Research Curt Long and leaders from NAFCU member credit unions will meet tomorrow with the Federal Reserve Bank of Minneapolis;
- tomorrow, NAFCU is offering a free webinar on SBA One – the agency's rule-based loan origination platform (learn more and register here); and
- Wednesday, NAFCU is offering a free webinar to help those interested in obtaining the NAFCU Certified Volunteer Expert (NCVE) designation prepare for the exam (learn more and register here).
Share This
Related Resources
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Add to Calendar 2024-04-11 14:00:00 2024-04-11 14:00:00 Regulation E: Impacts Across Your Institution Dive into regulatory excellence with, Regulation E: Impacts Across Your Institution. This webinar is tailored to empower you with the knowledge and strategies necessary to effectively implement the Electronic Funds Transfer Act (EFTA) and Regulation E within your operations. You’ll explore how to apply Regulation E across various business areas to ensure compliance obligations are met with precision. Key Takeaways Learn the basics of EFTA and Regulation E Understand how to apply Regulation E at your organization to detect processes and transactions that require Regulation E compliance Discover how Regulation E may apply to a large breath of areas in your institutions and functions for which you may rely on third-party vendors Review recent enforcement activity for non-compliance with EFTA and Regulation E Register Now $295 Members | $395 Nonmembers(Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until April 11, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Regulation E: Impacts Across Your Institution
Credits: NCCO, NCRM
Webinar
Get daily updates.
Subscribe to NAFCU today.