Members of CUNA and NAFCU have approved the associations’ merger into America’s Credit Unions. The new organization is set to legally launch Jan. 1, 2024, and will spend the next several months aligning products and services to meet members’ needs, and committing to a culture that emphasizes accountability, transparency, and responsiveness.
NAFCU sent member credit unions a Regulatory Alert Thursday detailing the Federal Reserve Board’s proposal to update three components of the interchange fee cap based on data reported to the board. Ahead of the board’s meeting during which it issued the proposal, NAFCU and several other financial services industry groups urged the Fed to reject merchant requests to make changes to the regulation and to consider the costs of the regulation on regulated entities and their customers.
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.
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October was a busy month, with the House working to elect a new Speaker and the CFPB moving forward on several agenda items. In addition, CUNA and NAFCU members approved the merger to form America’s Credit Unions. Credit unions can find more information and answers to frequently asked questions on the merger landing page.
Total vehicle sales decreased 200,000 annualized units in October, but monthly sales levels were up 5.6 percent year over year. NAFCU Economist Noah Yosif analyzed the data in a new Macro Data Flash report.
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