This
week: NAFCU stays focused on CU priorities as election nears
As the
2020 presidential election is now less than a month away, NAFCU's award-winning
advocacy is keeping credit union priorities top of mind among current lawmakers
and candidates. The association's Grassroots Action Center is a great resource
for credit unions looking to engage with lawmakers on key issues, and NAFCU has
dedicated resource pages with details on the industry's top concerns.
New
PPP notice details changes of ownership
The Small Business Administration
(SBA) released a new procedural notice detailing the required procedures for changes
of ownership of an entity that has received paycheck protection program (PPP) funds.
September
jobs report falls below expectations
"The September jobs report
was a troubling one, as job growth fell below expectations and thousands left
the workforce," said NAFCU Chief Economist and Vice President of Research
Curt Long. Non-farm payrolls rose 661,000 during the month, and while the unemployment
rate fell 0.5 percentage points to 7.9 percent, the labor participation rate also
fell – dropping 0.3 percentage points to 61.4 percent.
NAFCU's Virtual Lending Conference: Only
a few days left to register
Attend NAFCU's Virtual Lending Conference
to gain the strategies and best practices to push your CU's lending pipeline forward
during the recession.
Vehicle
sales continue rebound but growth expected to taper in Q4, NAFCU says
Total vehicle sales continued to recover in September, rising from August's
15.2 million annualized units to 16.3 million during the month. NAFCU Chief Economist
and Vice President of Research Curt Long noted that vehicle sales are "just
4 percent below year-ago levels," in a new Macro Data Flash report.
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