Also: Association releases updated analysis on SIF; $35B in PPP loans approved since reopening
NAFCU TODAY | The News You Need Daily.
January 28, 2021
----------
----------
NAFCU's Berger: Relationship building is the key to strong advocacy [ [link removed] ]
With President Joe Biden and Vice President Kamala Harris being officially sworn in earlier this month, NAFCU President and CEO Dan Berger penned an editorial in CUInsight touting the association's commitment to credit union advocacy amid changes in political leadership.
NAFCU analyzes SIF, potential for a premium charge in 2021 [ [link removed] ]
NAFCU's award-winning research team has released an updated analysis of the National Credit Union Share Insurance Fund (NCUSIF). NAFCU believes the fund entered the COVID-19 pandemic in a strong position and expects the equity ratio will remain under moderate stress in 2021 due to strong share growth and low interest rates.
New data reveals $35B in PPP loans approved since reopening [ [link removed] ]
The Small Business Administration (SBA) has approved 400,580 paycheck protection program (PPP) loans, totaling over $35 billion, since the program reopened earlier this month. The SBA's newly released data reveals that, of the total loans issued since reopening, 17,958 have been provided by 614 credit unions with $10 billion or less in assets; the total amount provided by credit unions is over $1 billion.
Berger discusses leadership tactics, culture building on national radio [ [link removed] ]
NAFCU President and CEO Dan Berger joined Working on Purpose – a thought leadership radio program available via iHeartRadio and Voice of America – to discuss the association’s support of credit unions, the importance of passion, and building a strong company culture.
Fed holds rates, readopts strategy framework to reflect economic changes [ [link removed] ]
The Federal Open Market Committee (FOMC) voted via videoconference Wednesday to maintain the federal funds target rate at its current range of 0 to 0.25 percent as the economy works to recover from the effects of the ongoing pandemic. NAFCU Chief Economist and Vice President of Research Curt Long detailed insights from the first meeting of the year in a new Macro Data Flash report.
NAFCU: Interagency rule won't change supervisory practices [ [link removed] ]
NAFCU sent a Final Regulation alert to member credit unions Wednesday detailing the recently finalized interagency rule related to supervisory guidance. While the rule impacts all federal-chartered credit unions (FCUs), NAFCU highlighted it "does not create any new requirements for FCUs, nor does it create any burdens, or change how supervision or examinations will be substantively conducted."
----------
----------
----------
NAFCU Calendar: [link removed]
----------
--------------------------------------------
JOIN THE CONVERSATION:
LINKEDIN: [link removed]
FACEBOOK: [link removed]
TWITTER: [link removed]
YOUTUBE: [link removed]
BLOGS: [link removed] ]
---------------------------------------------
Send feedback [ mailto:
[email protected] ]
Subscribe now to NAFCU Today [ [link removed] ]
Opt out of NAFCU Today? [ [link removed] ]
Update your communication preferences [ [link removed] ]
Unsubscribe to ALL of NAFCU's emails. [ [link removed] ]
NAFCU Today? is published weekdays by the National Association of Federal Credit Unions.
3138 10th Street North | Arlington, VA 22201 | email:
[email protected] [ mailto:
[email protected] ] | phone: (703) 522-4770; (800) 344-5580
?
Powered by Higher Logic [link removed]
