This week: NAFCU engaged as COVID relief package moves back to House
Lawmakers in the Senate passed the American Rescue Plan Act – the $1.9 trillion coronavirus relief package – over the weekend after a lengthy vote-a-rama on a number of proposed amendments. The bill – which includes some NAFCU-supported provisions to help small businesses and provide assistance to homeowners and renters – now heads back to the House, which must approve the Senate’s changes, before going to the President’s desk.

NAFCU's Long: A SIF premium is not needed 
In an op-ed published in Credit Union Times, NAFCU's Chief Economist and Vice President of Research Curt Long continued to push back against the NCUA's efforts to potentially charge credit unions a National Credit Union Share Insurance Fund (NCUSIF) premium this year. The fund "remains on solid financial footing thanks to credit unions’ strong balance sheets and prudent risk management, along with effective management by the NCUA," noted Long.

NAFCU, trades call on Congress to address mounting PPP loan holds issue
NAFCU Friday joined with several financial services trade organizations on a letter to House Small Business Committee and Senate Small Business Committee leadership, urging members to ensure the Small Business Administration (SBA) makes every effort to clear the thousands of loan holds currently in the paycheck protection program (PPP).

Develop More Effective Board & Supervisory Skills
Attend NAFCU's Virtual Board of Directors & Supervisory Committee Conference—exclusively for volunteer officials!

February jobs report stronger than anticipated; NAFCU expects robust gains in coming months
The Bureau of Labor Statistics revealed non-farm payrolls increased by 379,000 in February, with the unemployment rate dipping to 6.2 percent. NAFCU Chief Economist and Vice President of Research Curt Long analyzed the report in a new NAFCU Macro Data Flash report. Long's commentary on the report was also featured in MarketWatch and the New York Post.