Hood
shares POV on CU industry, NCUA efforts during State of the Industry
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
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
"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.
NAFCU Virtual Regulatory
Compliance School
We've pivoted online! Fully understand CU regulations
and earn your NCCO—even from home.
Panel
provides economic updates, outlook; NAFCU's Long reviews survey results
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
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
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
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
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
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.
