NAFCU-sought
bill to give CUs flexibility in governance policies introduced
Senate
Banking Committee members Tina Smith, D-Minn., and Ben Sasse, R-Neb., Monday introduced
a NAFCU-sought, bipartisan bill that would improve existing language in the Federal
Credit Union (FCU) Act related to expulsion in order to protect credit unions, members, and employees.
Berger
in American Banker: Ending CU tax exemption hurts everyone
NAFCU President
and CEO Dan Berger has a new op-ed in American Banker to set the record straight
as bank lobbyists attempt to mislead lawmakers about credit unions' tax
exempt status, which drives $16 billion in U.S. economic growth per year.
Lending
basics reviewed in latest Compliance Blog post
In the latest post on
the Compliance Blog, NAFCU Regulatory Compliance Counsel Loran Jackson revisits
fundamental basics about lending and answers important FAQs that credit unions
will find useful when reviewing a member's loan application.
Time is running out to enter!
Nominate your CU for a NAFCU Annual Award by 2/28
America
Saves Week: Summit CU inspires savings with competition
As part of
America Saves Week, NAFCU is highlighting the efforts of member credit unions
with strong financial education programs that encourage members to save and strengthen
their personal finances. Today, learn how Summit Credit Union's (Madison,
Wis.) Project Money program helps its members reduce debt and increase savings.
FHFA
releases RFI on FHLB membership
In a request for information (RFI)
released Monday, the Federal Housing Finance Agency (FHFA) is reviewing whether
the agency's existing regulations ensures the Federal Home Loan Bank (FHLB)
system remains "safe and sound" as part of a review of FHLB membership.
The RFI also seeks to gather information on liquidity for housing finance through the housing and business cycles.
