Also: The latest on Senate's Phase 4, U.S. rising debt, more; CU membership, loans grow amid pandemic



NAFCU TODAY | The News You Need Daily.

September 4, 2020



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NCUA to provide update on exam modernization efforts during NAFCU webinar [ [link removed] ]
NAFCU next week is hosting a complimentary webinar to update credit unions on the status of the NCUA's exam modernization initiatives. Representatives from the NCUA will provide an overview of the agency's Modern Examination and Risk Identification Tool (MERIT) examination platform and give important updates on the current state of the virtual examination undertaking.


5 things to know this week [ [link removed] ]
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 news related to the Senate's work on a possible Phase 4 coronavirus relief package, U.S. debt, and more.


CUs continued to grow in Q2 as pandemic took hold [ [link removed] ]
Amid the coronavirus pandemic, credit unions continued to see growth as membership grew 3.4 percent over the year to 122.3 million members and loans increased 6.6 percent to $1.14 trillion, according to the NCUA's second quarter call report data. NAFCU Chief Economist and Vice President of Research Curt Long said the strong numbers highlight the credit union difference.






This week in compliance: Latest developments on BSA/AML, CCPA, payroll tax deferral [ [link removed] ]
As credit unions work to meet the needs of their members and communities amid the coronavirus pandemic and restore normal operations, NAFCU's award-winning Regulatory Compliance Team is keeping the industry informed of the latest developments and available resources via the Compliance Blog every Monday, Wednesday, and Friday.


NAFCU closed Monday for Labor Day [ [link removed] ]
NAFCU will be closed Monday in observance of Labor Day, but members will still have access to the association's website for resources and upcoming events. NAFCU Today will resume publication Tuesday, Sept. 8.



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