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

Industry CEOs, experts to share insights at Lending Conference
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
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
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.


You still have time to save $250 on NAFCU's Online Training Subscriptions
Use code SUMMER before September 18 to take advantage of year-round compliance training for your entire staff.

Learn More

Thaler: MBL relief will allow CUs to help more small biz
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
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
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.


Represent your members, interact with congressmembers, and more
Attend NAFCU's Virtual Congressional Caucus to advocate for yourself, your members and other CUs.

Help Members After Unemployment Runs Out
CUs should mobilize now to help unemployed members prepare for the financial disruption of an end to federal assistance.

 
 NAFCU CALENDAR
SEPT
10
NCUA's Merit and Virtual Exam Update
Complimentary Webinar
SEPT
14-15
Virtual Congressional Caucus
#NAFCUCaucus
SEPT
15
Understanding Balance Sheets, Income Statements and Key Ratios for Credit Union Board Members
Webinar
SEPT
16
CU Research Survey Due
Topic: Annual Federal Reserve Survey
SEPT
17
NCUA's Subordinated Debt: The Fundamentals and Strategy
Webinar

 
 

 

 

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