Also: Senators introduce bipartisan bill to protect CUs, members; FASB talks CECL with FIs, regulators



NAFCU TODAY | The News You Need Daily.

May 21, 2021



----------

----------

NCUSIF not expected to need restoration plan; Derivatives rule finalized [ [link removed] ]
The NCUA Board Thursday received a quarterly briefing on the National Credit Union Share Insurance Fund (NCUSIF) that indicated the equity ratio is not expected to fall below the threshold to require a restoration plan. However, it is predicted to reach 1.22 percent in June, which would be below the level at which the NCUA can charge a premium. NAFCU continues to advocate against a premium assessment in 2021.


Senators introduce bipartisan bill to better protect CUs, members [ [link removed] ]
Senate Banking Committee members Tina Smith, D-Minn., and Ben Sasse, R-Neb., Thursday introduced a NAFCU-sought, bipartisan bill – the Credit Union Employee and Member Safety Act – that would improve existing language in the Federal Credit Union (FCU) Act related to expulsion in order to protect credit unions, members, and employees.


FASB discusses CECL implementation with FIs, regulators [ [link removed] ]
A representative from NAFCU-member Mission Federal Credit Union Thursday shared the credit union perspective during the Financial Accounting Standards Board (FASB) roundtable on the current expected credit loss (CECL) standard. Representatives from several financial institutions that have already adopted the standard were also present.






New on the Compliance Blog: CTR refresher, Regulation Z, QM requirements [ [link removed] ]
As credit unions work to meet the needs of more than 124 million Americans during the coronavirus pandemic, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog every Monday, Wednesday, and Friday.



----------



----------






----------
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]