NCUA proposes NAFCU-sought charitable donation change

The NCUA Board met yesterday and unanimously approved a NAFCU-sought proposed rule to amend NCUA regulations to include 501(c)(19) veteran’s organization in the definition of “qualified charity.” NAFCU, the Defense Credit Union Council (DCUC), and other organizations last year called for the NCUA to expand the definition, and NAFCU and DCUC sent a letter ahead of the meeting reiterating the need for the change to allow federal credit unions to better support military members and veterans.

5 things to know this week

NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.

NAFCU’s CDFI working group meets, discusses continued challenges

NAFCU’s working group for member credit unions focused on Community Development Financial Institutions (CDFIs) met Thursday to discuss challenges with and hear testimonials about coming into compliance with the fund’s new application.

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

If you're considering this last-resort option, the Credit Union Merger & Acquisition Handbook 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.

NAFCU closed for Memorial Day

NAFCU’s offices will be closed Monday in observance of Memorial Day. Credit union members will still have access to the association’s website for resources as well as regulatory and legislative updates on key issue areas.