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NAFCU achieves industry wins in 2021
Despite the uncertainty surrounding economic recovery, NAFCU and its award-winning staff have worked tirelessly to provide the credit union industry and its 127 million members with the best advocacy, compliance, and education tools.
Here are a few key NAFCU and industry highlights to mark this year:
Advocacy
In 2021, NAFCU fought hard to keep credit union priorities top of mind in the wake of the coronavirus pandemic, advocating on behalf of the paycheck protection program (PPP) credit union lenders and securing set-aside funding to meet credit union members' small business loan needs, while also simplifying the forgiveness process.
The NAFCU team also led legislative efforts related to the credit union tax-exempt status, as well as modernization of the Bank Secrecy Act (BSA)/anti-money laundering (AML) statutes.
Additionally, NAFCU maintained partnerships with the SBA and the United States Export-Import Bank to promote small business lending.
Compliance and Education
NAFCU's compliance team continued to provide credit unions with award-winning compliance assistance, answering nearly 7,000 member questions via the association's direct compliance assistance program. In addition, the team published more than 160 blog posts, articles, charts, guides, and tools in efforts to assist credit unions in overcoming challenges.
In efforts to keep the credit union community connected while social distancing practices remained a part of day-to-day life, NAFCU continued to expand its member-only networks designed to connect credit union professionals to their peers to share knowledge and solve challenges.
Despite the uncertain environment with the pandemic, NAFCU managed to offer 13 virtual and hybrid conferences and events. In addition, NAFCU’s education team’s Online Training Center served over 5,400 credit union industry professionals and streamed over 18,000 hours of content.
Stay up to date with NAFCU and the credit union industry by subscribing to NAFCU Today and engaging with the association on social media via Facebook, Twitter, LinkedIn, and Instagram.