NAFCU's
Berger: Relationship building is the key to strong advocacy
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
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
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.
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Knowledge
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Berger
discusses leadership tactics, culture building on national radio
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
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
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."
