Also: May jobs report ‘difficult to parse’; New Reg Alert details NACHA’s request on ACH risk management

June 5, 2023

This week: Congress shifts focus; NAFCU testifies on CU’s FOM request ([link removed] )

Congress returns to normal business after extensive efforts to address the debt ceiling last week; President Joe Biden signed the bipartisan legislation into effect Saturday. This week, NAFCU will monitor congressional hearings and Senior Counsel for Research and Policy Andrew Morris is set to testify in support of a credit union’s request to expand its field of membership (FOM).

May jobs report ‘difficult to parse’ ([link removed] )

New data from the Bureau of Labor Statistics revealed 339,000 jobs were added in May, with a slight increase in the unemployment rate from 3.4 percent to 3.7 percent.

NAFCU Reg Alert details NACHA RFI ([link removed] )

NAFCU released a Regulatory Alert Friday, which details the National Automated Clearinghouse Association’s (NACHA) request for information (RFI) regarding automated clearinghouse (ACH) risk management and NACHA operating rules.

GET CLOSER TO MEMBERS OF CONGRESS THAN ANYWHERE ELSE!

Don’t miss NAFCU’s Congressional Caucus ([link removed] ) this September 10 – 13, 2023 in Washington DC.

- Get personal access to lawmakers and regulators.
- Attend networking events, private meetings and presentations to form bonds that help policymakers trust your insight.
- Fight for your members on Capitol Hill

Save $200.00 with code CAUCUSAVINGS for a limited time

LEARN MORE & REGISTER TODAY! ([link removed] )

May vehicle sales indicate continued long-term stability ([link removed] )

Total vehicle sales fell from 16.5 million annualized units in April to 15.6 million units in May and were up 24 percent from the previous year. In a new Macro Data Flash report, NAFCU Economist Noah Yosif noted “[t]hese readings reflect a modest pullback from April’s dramatic surge in vehicle sales, but more importantly, indicate continued long-term stability within the industry.”

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NAFCU CALENDAR ([link removed] )

MAY 1 -

SEPT 30

Regulatory Compliance School On-Demand ([link removed] )

An On-Demand Event

JUNE

6
Avoiding and Resolving Harassment Claims: A Primer for Board Members ([link removed] )

Webinar

JUNE

8
Driving Low-Cost Deposits and Optimizing Retail Performance ([link removed] )

Complimentary Webinar

JUNE

12
NCUA - Climate-Related Financial Risk ([link removed] )

Comments Due to NAFCU

JUNE

14
Collateral Protection Insurance – Adapting to Changing Market Dynamics ([link removed] )

Complimentary Webinar

GET LENDING’S LATEST TRENDS & BEST PRACTICES!

Attend NAFCU’s Lending Conference ([link removed] ) this November to connect with and learn from your credit union peers who’ve built prosperous lending portfolios. New Orleans has received accolades on travel lists, such as:

- Tripadvisor: Travelers' Choice - Best of the Best, 2022 (#3 Top Destination for City Lovers)

Save $200.00 with code LEND23SAVINGS for a limited time. LEARN MORE. ([link removed] )

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