Also: New whitepaper details CU execs' insights on post-pandemic merger considerations;
This week: NAFCU keeps CU priorities top of mind
NAFCU TODAY | The News You Need Daily.
June 1, 2021
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In Budget Proposal, Biden Outlines Spending and Revenue Vision; NAFCU To Fight Reporting Requirement for Credit Unions [ [link removed] ]
President Joe Biden on Friday released the details of his administration’s proposed budget for fiscal year 2022. The $6 trillion budget proposes to increase federal spending in areas ranging from housing, education, health care, and infrastructure. Of note for credit unions, the proposal would boost funding for the Small Business Administration (SBA) and Community Development Financial Institution (CDFI) Fund compared to the 2021 enacted levels. The proposed budget seeks various ways to raise revenues to pay for this spending, including increase the corporate tax rate to 28 percent from 21 percent, raise the individual tax rate for high-income earners to 39.6 percent, as well as increase IRS audits and requiring financial institutions to comply with additional reporting requirements on accounts.
New whitepaper details CU execs’ insights on post-pandemic merger considerations [ [link removed] ]
DDJ Myers – a NAFCU Services Preferred Partner – released a whitepaper this week outlining the post-pandemic environment for credit union mergers and acquisitions. The study included in-depth interviews with 25 credit union executives and board members with extensive experience in mergers and acquisitions.
This week: NAFCU keeps CU priorities top of mind [ [link removed] ]
While the House and Senate are out this week, NAFCU's advocacy team continues to fight for industry priorities and the association will continue to keep credit unions informed of key regulatory and legislative updates.
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