Also: NCUA audit clean, NOL drops to 1.35; Top advocacy resources for CUs
NAFCU TODAY | The News You Need Daily.
February 18, 2020
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This week: Congress out; NAFCU to meet with NCUA Chairman Hood [ [link removed] ]
With Congress out of session this week, NAFCU is encouraging credit unions to connect with representatives and senators while they are in their home districts and states to advocate for key industry priorities, as well as share how credit unions make America stronger.
NCUA audit shows NOL at 1.35, no payout expected in 2020 [ [link removed] ]
The NCUA Friday announced that the agency’s four funds received “clean” audit opinions for 2019, noting that the National Credit Union Share Insurance Fund (NCUSIF) equity ratio, as of Dec. 31, 2019, was 1.35 percent. Because the equity ratio is below the normal operating level (NOL) of 1.38 percent, credit unions should not expect a SIF distribution in 2020.
Prepare for the Hill with these NAFCU resources [ [link removed] ]
As the industry's Washington Watchdog, NAFCU not only works to advocate on behalf of credit unions, but also provides members with access to invaluable resources and connections necessary to keep growing. As 2020 advocacy gets underway, NAFCU is urging credit unions to share their story on Capitol Hill and ensure Congress understands where credit unions stand on key issues.
NAFCU's 2020 Advocacy Priorities. Because to us, it's personal. Read Advocacy Priorities [link removed]
NAFCU's Schafer gives insights into marijuana banking landscape [ [link removed] ]
Will credit unions receive more guidance and clarity related to providing financial services to marijuana-related businesses (MRBs) this year? NAFCU Regulatory Affairs Counsel Kaley Schafer, in a new Compliance Blog post, reviews the current landscape and provides insights into how the presidential election could impact the possibility of federal legislation.
NAFCU expects 'modest' 2020 consumer sales, but downside risks abound [ [link removed] ]
Total retail sales rose 0.3 percent in January, while prior month sales were revised lower. NAFCU Chief Economist and Vice President of Research Curt Long provided additional insights into the data in a new NAFCU Macro Data Flash report.
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