Also: NAFCU, DCUC urge ‘qualified charity’ expansion ahead of NCUA Board meeting; FOMC minutes reveal debt ceiling concerns

May 25, 2023

Berger: CUs exemplify responsibility of tax exemption ([link removed] )

NAFCU President and CEO Dan Berger wrote an op-ed for CUInsight explaining that the credit union tax exemption exists “because the industry earned it for their unwavering dedication to serving their members and communities.” Additionally, he highlighted the tax exemption maintains bipartispan support and “Congress should be proud for upholding this legislation for nearly 90 years and for backing an industry that, without fail, continues to put people over profits.”

NAFCU, DCUC call for ‘qualified charity’ change ahead of NCUA meeting ([link removed] )

The NCUA Board is set to hold its May meeting at 10 a.m. Eastern today. According to the agency’s agenda, the board will receive a briefing on the Share Insurance Fund and will vote on issuing a proposed rule related to charitable donation accounts.

FOMC minutes stress debt ceiling, impacts to broader economy ([link removed] )

The Federal Open Market Committee (FOMC) released minutes from its May meeting Wednesday. The minutes showed economic activity expanded at a modest pace in the first quarter, but participants stressed the importance of raising the debt ceiling in a timely manner to avoid the risk of severely damaging the financial system and broader economy.

Considering a credit union merger? They aren’t easy.

If you're considering this last-resort option, the Credit Union Merger & Acquisition Handbook ([link removed] ) provides a step-by-step guide to completing a merger from start to finish successfully. Get a detailed approach on how to successfully complete small and large mergers, plus checklists and real-world example documents.

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New on the Compliance Blog: CFPB guidance on flipped home appraisals, 1071 rule ([link removed] )

As credit unions work to meet the needs of more than 135 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday and Wednesday.

NAFCU staff help bring Habitat for Humanity build to the finish line ([link removed] )

NAFCU staff Wednesday joined together with Habitat for Humanity (H4H) to work on a home build project in the greater Northern Virginia region. The volunteer group put the finishing touches on a site that NAFCU has worked on over the course of three visits.

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Considering a merger?

The Credit Union Merger & Acquisition Handbook ([link removed] ) is a step-by-step guide on how to successfully complete a complex credit union merger from start to finish, complete with worksheets and real-world examples. Successful CU Mergers Start Here. ([link removed] )

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