America’s Credit Unions and the National Association of Credit Union Service Organizations (NACUSO) wrote to the NCUA Friday to request the agency amend its regulations to provide additional flexibility “to engage with and invest in innovative technology solutions and fintech companies.” The associations noted that providing this flexibility is permitted by the Federal Credit Union …
This week, the Senate is in session on Capitol Hill while House members work in their home districts. America’s Credit Unions continues to advocate for industry priorities with lawmakers and regulators, including the NCUA. The House Ways and Means committee advanced the Tax Relief for American Families and Workers Act Friday with a 40-3 vote. The …
Federal credit union operating fees will increase by an average of 16.36% in 2024, according to the NCUA’s latest Letter to Federal Credit Unions (24-FCU-01). The operating fee exemption threshold was increased from $1 million to $2 million and federal credit unions with a four-quarter average of $2 million or less in total assets are …
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