Also: NAFCU urges more CU relief as Senate preps vote on relief package; NCUA virtual exams focus of webinar today
NAFCU TODAY | The News You Need Daily.
September 10, 2020
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Industry CEOs, experts to share insights at Lending Conference [ [link removed] ]
Lending is a critical component of credit unions' success, but how has the coronavirus pandemic changed the lending landscape – and how can you adapt to continue growing your lending pipeline? At NAFCU's Virtual Lending Conference – happening Oct. 14-15 – credit union professionals will hear directly from leading economists, credit union CEOs who have seen tremendous lending success, and other experts to get insights into the most innovative lending practices, ideas, and strategies.
As Senate prepares vote on 'skinny' package, NAFCU calls for more CU relief [ [link removed] ]
The Senate could vote as early as today on a revised "skinny" version of their Phase 4 coronavirus relief package. While it does include NAFCU-sought provisions to help simplify the forgiveness process for paycheck protection program (PPP) loans and provide liability protections, NAFCU's Brad Thaler called for additional relief measures that would help credit unions better serve their members amid the crisis.
Today: NCUA to provide update on virtual exams during NAFCU webinar [ [link removed] ]
Today, NAFCU is hosting a complimentary webinar to update credit unions on the status of the NCUA's virtual examination program featuring representatives from the agency who will provide an overview of the Modern Examination and Risk Identification Tool (MERIT) examination platform.
Thaler: MBL relief will allow CUs to help more small biz [ [link removed] ]
NAFCU Vice President of Legislative Affairs Brad Thaler wrote to members of a House Small Business subcommittee ahead of its hearing today on how to kick start entrepreneurship and Main Street economic recovery to reiterate the association’s call for relief for credit unions from the arbitrary member business lending (MBL) cap.
NCUA awards mentoring grants to 3 MDI CUs [ [link removed] ]
The NCUA Wednesday announced that three minority depository institution (MDI) credit unions will receive a total of $75,000 in grants to establish mentoring relationships as part of the agency's program dedicated to supporting MDIs and low-income, underserved communities.
Consumer credit continues recovery with 'modest' rise in July [ [link removed] ]
Total consumer credit rose 3.6 percent in July (seasonally-adjusted, annualized), continuing its overall recovery and is up 0.7 percent versus a year ago. NAFCU Chief Economist and Vice President of Research Curt Long highlighted that although the gain was "modest," it is stronger than the previous month.
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