NAFCU
Board today meets with Fed's Bowman, CFPB's Kraninger
The
NAFCU Board of Directors today is set to meet with Federal Reserve Board Governor
Michelle Bowman, who has experience working with community financial institutions
and met with NAFCU last year, and CFPB Director Kathy Kraninger to advocate directly
on issues affecting the credit union industry.
NAFCU
urges relief extensions, modifications ahead of Senate Banking Committee hearing
Ahead of today's Senate Banking Committee hearing to examine the administration's
pandemic response programs, NAFCU Vice President of Legislative Affairs Brad Thaler
urged Congress to consider the extension of several CARES Act relief measures
as credit unions work to serve their members during the pandemic. Treasury Secretary
Steven Mnuchin and Federal Reserve Board Chairman Jerome Powell are set to testify before the committee.
Berger
emphasizes communication, taking care of people on leadership podcast
Is servant leadership the best form of leadership for today's nonprofits?
NAFCU President and CEO Dan Berger recently joined the Nonprofit Leadership Podcast
to discuss his approach to leadership, challenges posed by the pandemic, and more
– including why servant leadership is the right way to go regardless of sector or nonprofit status.
NAFCU's Virtual
Strategic Growth Conference
Attend NAFCU's Virtual Strategic Growth
Conference to gain forward thinking strategies to help your CU thrive, not just
survive.
Join
NAFCU leaders for 2021 expectations
As 2020 comes to an end, NAFCU
President and CEO Dan Berger and other leaders will provide member credit unions
with a look ahead to the new year – including what the industry can expect from
a Biden administration and how the association is positioned to help the industry thrive – during a Dec. 15 webinar.
NAFCU
shares support of SBA increases to size standards
In response to the
Small Business Administration's (SBA) notice of proposed rulemaking to increase
the size standards for North American Industry Classification System (NAICS) sectors
related to finance and insurance, NAFCU shared its support of the agency's
"thoughtful approach to reviewing and updating the size standards, as necessary."
FOMC
minutes suggest increase in asset purchases to come
According to NAFCU's
Curt Long, minutes from the Federal Open Market Committee's (FOMC) November
videoconference meeting suggest the committee is "positioning itself for
an increase in asset purchases in December" to help sustain smooth market
functioning. Members of the committee judged that immediate adjustments to the
pace and composition of asset purchases were not necessary; however, circumstances
could shift to warrant such adjustments.
NAFCU's
Management and Leadership Institute kicks off with leadership, communications essentials
Today, NAFCU's Virtual Management and Leadership Institute kicks off with
a workshop on the essential steps for becoming an extraordinary leader and an
interactive session on how to establish trust and creditability in communications
and be a more effective communicator.
Q3
GDP remains unchanged, continues 'record-breaking' recovery
According to the Commerce Department's second estimate for third quarter
economic growth, the U.S. economy rebounded 33.1 percent, remaining unchanged
from the initial estimate. NAFCU Chief Economist and Vice President of Research
Curt Long highlighted that while the dip from earlier this year was the most severe
in history, the "recovery thereafter was also similarly record-breaking."
Despite
decline in October, new-home sales remain strong
New-home sales declined
slightly in October – from September's upwardly revised rate of 1,002,000
annualized units to 999,000 units during the month – but were up 41.5 percent
from a year ago. Despite the slight 0.3 percent decline, NAFCU's Curt Long
noted "the last several months have been strong overall."
NCUA
issues 2 prohibition notices in November
The NCUA in November issued
two prohibition notices, prohibiting individuals previously associated with credit
unions from any future participation in the affairs of a federally-insured financial institution.