Also: Hunt details NAFCU's 2021 advocacy in new op-ed; ECU Monitor explores RBC simplification
NAFCU TODAY | The News You Need Daily.
February 23, 2021
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SBA to limit PPP processing to smallest biz for 2 weeks [ [link removed] ]
The Small Business Administration (SBA) has announced it will implement an exclusive paycheck protection program (PPP) window for small businesses with fewer than 20 employees as directed by the Biden administration. The window will open tomorrow at 9 a.m. Eastern and end March 9 at 5 p.m. Eastern.
NAFCU's Hunt goes to bat for CU advocacy in new op-ed [ [link removed] ]
"New political winds are blowing in our nation's capital and NAFCU is adjusting its sails to propel our advocacy efforts forward," said NAFCU’s Carrie Hunt in a new Credit Union Times op-ed. "With change on the horizon, NAFCU will continue to press policymakers to provide credit unions with the ability to access every tool in the toolbox to serve their members."
ECU Monitor explores CUs' opinions on capital simplification [ [link removed] ]
As the NCUA considers alternatives to simplify its risk-based capital (RBC) rule, NAFCU's new Economic & CU Monitor report – now available for download – provides insights into credit unions' perspective on the two possible simplification mechanisms.
NAFCU builds out compliance team; new hires bring mortgage, bankruptcy experience [ [link removed] ]
NAFCU announced yesterday the additions of Rebecca Harris and Keith Schostag to the association's regulatory compliance team. Harris and Schostag bring strong compliance experience – including backgrounds in mortgage lending and bankruptcy – that will help credit unions navigate today's regulatory environment.
America Saves Week kicks off with themes to encourage savings goals [ [link removed] ]
America Saves Week – an annual celebration since 2007 – kicked off yesterday, featuring daily themes to encourage Americans to commit to saving successfully. The America Saves pledge provides a framework that allows savers to set a goal and make a plan to achieve better financial stability.
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