Also: Hauptman sworn into NCUA Board seat ahead of meetings; New NAFCU report highlights CUs' share, loan growth



NAFCU TODAY | The News You Need Daily.

December 15, 2020



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NAFCU reiterates call to exclude CUs from small biz data collection rule [ [link removed] ]
In response to the CFPB's outline of proposals to implement section 1071 of the Dodd-Frank Act requiring financial institutions to collect and report data related to small business lending, NAFCU reiterated its call to exclude credit unions from the rulemaking noting the member business lending constraints credit unions face and the increased costs to implement the data collection.


Hauptman sworn into NCUA Board [ [link removed] ]
NCUA Chairman Rodney Hood Monday swore in Kyle Hauptman to serve on the NCUA Board. Hauptman's nomination to the board was approved by the Senate – via a 56-39 – vote earlier this month for a term running through August 2025.


NAFCU's CU Industry Trends report shows strong share growth, stable loan growth in Q3 [ [link removed] ]
NAFCU's latest CU Industry Trends report revealed credit union share growth remains at an all-time high on a year-over-year basis and loan growth remains stable overall – heavily influenced by first mortgage real estate loans.






NAFCU monitoring for asset purchase update as FOMC begins 2-day meeting [ [link removed] ]
The Federal Open Market Committee (FOMC) – the Fed's monetary-policy setting arm – begins its final meeting of 2020 today. While the committee is expected to hold the federal funds target rate range at its current 0 percent to 0.25 percent for the foreseeable future, NAFCU will monitor this week's meeting for an update on the Fed's plans to increase its asset purchases.


Today: Senior NAFCU leaders to give key updates, preview of 2021 [ [link removed] ]
NAFCU's Q4 Member Webinar today will provide credit unions with important updates to finish the year strong and serve as preview of what's in store for the industry in 2021. NAFCU President and CEO Dan Berger will share insights alongside Executive Vice President and COO Anthony Demangone, Executive Vice President of Government Affairs and General Counsel Carrie Hunt, and NAFCU Services President Randy Salser.


FLASH sale: Save 50% on NAFCU webinars [ [link removed] ]
NAFCU's two-day webinar flash sale begins today and features 50 percent off all paid webinars. Purchase of a webinar gives your entire credit union access to the webinar for one year from the original webinar date; there is no limit on how many webinars you may purchase with the promo code.



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NAFCU Calendar: [link removed]





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