NCUA
to provide update on exam modernization efforts during NAFCU webinar
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
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
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.
Watch
Sec. Condoleezza Rice keynote Virtual Congressional Caucus
Then
provide insights to Congress on how to help CUs grow.
Keynote presentation with support by Allied Solutions
This
week in compliance: Latest developments on BSA/AML, CCPA, payroll tax deferral
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
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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