NCUA
set to propose rule on corporate CUs, finalized CECL interagency policy statement
The NCUA Board is set to hold its second open board meeting of 2020 next week
and on its agenda is a proposed rule related to corporate credit unions and a
final interagency policy statement on the current expected credit loss (CECL)
standard. The board will also receive a briefing on the National Credit Union
Share Insurance Fund (NCUSIF) and credit union mortgage rates.
5
things CU leaders need to know
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 need-to-know news bits.
CPI
sees minimal growth, further signals no rate hikes in 2020
On a seasonally
adjusted basis, overall consumer prices rose 0.1 percent in January following
a 0.2 percent rise in December. In a new Macro Data Flash report, NAFCU Vice
President of Research and Chief Economist Curt Long said he expects no rate hikes in 2020.
NAFCU
closed Monday for Presidents Day
NAFCU's offices will be closed
Monday in observance of Presidents Day, but members will still have access to
the association's website for resources and upcoming events. NAFCU Today will resume publication Tuesday, Feb. 18.
