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.
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).
Add to Calendar 2019-07-16 14:00:00 2019-07-16 14:00:00 Preparing for Mergers under the New Merger Rule As consolidation in the credit union industry continues, many credit unions are realizing that mergers can be a key part of a credit union’s future expansion and succession planning. If you’re considering a merger you need to know what it takes to merge properly. There are various factors you need to consider such as your members, employees and the credit union that you’re merging with. If done properly, a merger can result in increased products and services for your credit union. This session will cover the pros and cons of mergers from both the acquiring credit union and merging credit union’s perspective, as well as procedures to follow in compliance with NCUA’s new merger rules. Key Takeaways: Learn how a merger can factor into your credit union’s strategic planning Review the pros and cons of mergers Discuss the acquiring credit union and merging credit union perspective in mergers Understand the procedures your credit union needs to follow under the NCUA's new merger rules Purchase Now $295 Members | $395 Nonmembers (Additional $50 for CD) One registration gives your entire team access to the live webinar and on-demand recording until July 16, 2020Already registered? Go to the Online Training Center to view. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Presidents and Chief Executive Officers Executive Vice Presidents Chief Operating Officers Compliance and risk staff Credit Union staff attorneys and general counsel Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Learn how a merger can factor into your credit union's strategic planning. Review the pros and cons of mergers. Discuss the acquiring credit union and merging credit union perspective in mergers. Understand the procedures your credit union needs to follow under the NCUA's new merger rules. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Regulatory Ethics - Technical National Association of Federally-Insured Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU firstname.lastname@example.org America/New_York public
Credits: CPE, NCCO, NCRM
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