Final bylaws rule, budget review on NCUA agenda

The NCUA Board meets next week and is set to issue a final rule related to Federal Credit Union Bylaws. The NAFCU-sought Credit Union Governance Modernization Act (CUGMA), enacted into law in 2022, required the NCUA to implement a rule to make changes to member expulsion procedures bylaws of federal credit unions (FCUs).

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.

New FinCEN director named

The Treasury Department announced Andrea Gacki will become the director of the Financial Crimes Enforcement Network (FinCEN), effective in September. NAFCU works closely with FinCEN to ensure credit unions can effectively comply with anti-money laundering (AML)/Bank Secrecy Act (BSA)-related laws and regulations.

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Have an impact in developing key CU legislation and regulation. Attend NAFCU’s Congressional Caucus this September in D.C.