In response to a banking trade association’s request that Congress investigate credit union growth and the industry’s tax-exempt status, NAFCU Senior Vice President of Government Affairs Greg Mesack said banks should “look in the mirror” to understand why Americans are turning to credit unions for financial services. NAFCU firmly believes that credit unions are the best option for financial services for American consumers and small businesses.
Gary Grinnell and Lisa Ginter, chairs of the NAFCU and CUNA Boards of Directors, respectively, sent members of CUNA and NAFCU an update on the proposed membership dues structure, should the merger to America’s Credit Unions be approved. They stressed “that creating a clear, effective dues structure is a top priority.”
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.
Federal financial institution regulatory agencies, including the NCUA, are hosting a complimentary webinar on its jointly issued final policy statement on commercial real estate (CRE) loan accommodations and workouts, happening Sept. 14 at 2 p.m. Eastern. Attendees will have opportunity to participate in an “Ask the Regulator” Q&A session.
The NCUA released new resources for credit unions to implement in their financial education programs and social media engagement. The information also includes money management guides that credit unions can print and provide to their members and consumers to help them feel empowered with managing their finances and financial futures.
