Also: CUs plan to keep up COVID assistance, safety measures; FHFA extends some loan flexibilities, others set to expire

NAFCU Today
The News You Need Daily
 

April 22, 2021

Today: NCUA Board to receive cybersecurity briefing
The NCUA Board meets today and is expected to receive a briefing on cybersecurity. The agency recently detailed its move toward a new framework for cyber-focused examinations in its Annual Report, which further emphasized the agency’s focus on technology modernization and cybersecurity efforts.

As COVID recovery begins, CUs plan to keep offering assistance
NAFCU's new Economic & CU Monitor report – now available for download – takes a look at several coronavirus-related relief efforts and how credit unions plan to continue to support members through recovery. NAFCU continues to advocate for additional tools and flexibilities to ensure credit unions can effectively serve their members.

FHFA extends several GSE loan origination flexibilities, announces others will expire as planned
The FHFA announced Wednesday that the government-sponsored enterprises (GSEs) – Fannie Mae and Freddie Mac – will extend some coronavirus-related loan flexibilities but allow others to expire as planned due to low utilization. Of note, alternative appraisals on purchase and rate-term refinance loans are among the flexibilities to be extended through May 31.


CEOs and Senior Executives Conference
Gain insights from growth-oriented executives and industry thought leaders as they outline today and tomorrow's most impactful forces affecting your credit union.

View Agenda

SBA extends date for PPP loan increase requests
Following the paycheck protection program's (PPP) extension to May 31, the Small Business Administration (SBA) has issued a new procedural notice for first-draw PPP borrowers seeking a loan increase. The notice clarifies that eligible borrowers have until the program deadline to submit a request for a loan increase.


We've Updated Our New Staff Training (Member-only)
Take advantage of our FREE New Staff Training course, which features 10 newly recorded modules taught by NAFCU staff and other industry thought leaders. The course provides new hires with a comprehensive introduction to the credit union industry, including how it started and how it's regulated.

 
 NAFCU CALENDAR
APR
23
NCUA - CAMELS Rating System
Comments Due to NAFCU
APR
27
Market Report: Why CUs Need to Offer Insurance Now
Complimentary Webinar
APR
29
DEI in the Credit Union - Working Through the Changes
Complimentary Webinar
MAY
4
[Interview] Digital Transformation: CU Tech Trends to Know
Complimentary Webinar
MAY
6
BSA Update: The Anti-Money Laundering Act of 2020
Webinar

 
 

 

 

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