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.
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.