This week: Senate NDAA vote expected; NAFCU monitoring FOMC, NCUA meetings

This week, the Senate is expected to vote on the compromised fiscal year 2024 National Defense Authorization Act (NDAA) after the final text – free of NAFCU-opposed provisions - was released last week.

NAFCU meets with Treasury on CU issues

NAFCU’s Senior Vice President of Government Affairs Greg Mesack, Vice President of Regulatory Affairs Ann Petros, and Senior Counsel for Research and Policy Andrew Morris – along with several credit unions – met Friday with staff from the Treasury Department. During the meeting, attendees discussed important credit union issues.

November jobs report gives ‘mixed messages’

New data from the Bureau of Labor Statistics revealed 199,000 jobs were added in November. Gains in October remained the same and September was revised down 35,000. NAFCU Chief Economist and Vice President of Research Curt Long provided insights in a new Macro Data Flash report.

CEOs and Senior Executives Conference

Join your peers May 8 – 10, 2024 in beautiful Key West, FL! You’ll dive into inspiring sessions, gain focus, and discover innovative ideas. Save $200.00 with code CEOSAVINGS for a limited time. 

Consumer credit growth slows further

Total consumer credit grew at a seasonally-adjusted, annualized rate of 1.2 percent in October and is up 3.1 percent compared to a year ago. NAFCU Vice President of Research and Chief Economist Curt Long, in a new Macro Data Flash report, noted the decelerated growth resulted “in the slowest pace of growth on a year-over-year basis since April 2021.”