Also: NAFCU calls for more SIF distributions after NCUA Board meeting; Hunt touts NAFCU's ongoing advocacy efforts



NAFCU TODAY | The News You Need Daily.

June 26, 2020



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Hood shares POV on CU industry, NCUA efforts during State of the Industry [ [link removed] ]
NCUA Chairman Rodney Hood discussed the resiliency of the credit union industry and how it is primed to support economic recovery post-COVID-19 with NAFCU President and CEO Dan Berger during the association's landmark State of the Industry event yesterday.


NAFCU calls on NCUA to provide more distributions from NCUSIF [ [link removed] ]
Following the NCUA Board meeting Thursday, during which the board discussed forthcoming distributions to former members of failed corporate credit unions, NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt reiterated NAFCU's call to provide additional distributions to all credit unions from the National Credit Union Share Insurance Fund (NCUSIF).


Hunt in new op-ed: NAFCU's relentless CU advocacy continues unimpeded [ [link removed] ]
"The coronavirus pandemic is challenging our nation in ways we never could have imagined," said NAFCU Executive Vice President of Government Affairs and General Counsel Carrie Hunt in a new op-ed published in Credit Union Journal. As credit unions stepped up for their members and communities amid the pandemic, NAFCU did the same by stepping up for the credit union industry. 






Panel provides economic updates, outlook; NAFCU's Long reviews survey results [ [link removed] ]
During NAFCU's State of the Industry event Thursday, NAFCU Chief Economist and Vice President of Research Curt Long shared the results of the pre-conference survey ahead of a panel from the industry-leading economists of the Credit Union Economic Group for a full overview of the economic situation.


Allied's Hilger breaks down today's lending landscape [ [link removed] ]
President and CEO of Allied Solutions Pete Hilger Thursday dove into the lending landscape before, during and after the pandemic and provided insights into how credit unions can adapt. Hilger encouraged credit unions to be bold and proactive as they navigate and leverage the new lending and risk management environment.


NAFCU gives State of the Industry attendees inside look at Washington [ [link removed] ]
Members of NAFCU's award-winning advocacy team provided an inside-look at Washington during Thursday's State of the Industry event – both recapping what has been done so far to help credit unions and consumers weather the coronavirus pandemic and what the industry can expect in the coming months.


Marous: Innovate or be left behind [ [link removed] ]
Co-publisher of The Financial Brand and Owner and Publisher of the Digital Banking Report Jim Marous Thursday discussed how credit unions can navigate in a post pandemic reality during NAFCU's State of the Industry virtual event.


NAFCU warns of unintended consequences of credit reporting changes [ [link removed] ]
NAFCU Vice President of Legislative Affairs Brad Thaler yesterday sent a letter to House leadership to share the association's concerns with the Protecting Your Credit Score Act (H.R. 5332), which would alter credit unions' process for reporting consumers' credit information. The House is expected to vote on the legislation as soon as today.


GDP Q1 final estimate: Economy shrank 5%, larger drop expected in Q2 [ [link removed] ]
According to the Commerce Department's final estimate, the U.S. economy shrank 5 percent in the first quarter. NAFCU Chief Economist and Vice President of Research Curt Long noted the new estimate foreshadows a more serious drop to be reflected in second quarter estimates.



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