Berger
notes, in new op-ed, high cost of the reporting requirements in Biden budget
In an op-ed published in Credit Union Times, NAFCU President and CEO Dan Berger
called for lawmakers to remove a provision within President Biden’s 2022 budget
that would impose significant costs and compliance burdens on credit unions. The
provision would require the filing of annual information returns for all business
and personal accounts with over $600 in activity.
Last
chance: Save 50% on NAFCU webinars
NAFCU’s webinar flash sale ends
today and features 50 percent off all paid webinars. Purchase of a webinar gives
your entire credit union access to the webinar for one year from the original
webinar date; there is no limit on how many webinars you may purchase with the promo code.
The
Fed remains firm inflation is transitory
The Federal Open Market Committee
(FOMC) maintained the federal funds rate target at a range of 0 to 0.25 percent.
The Committee remains firm that current inflation is transitory and that they
“aim to achieve inflation moderately above 2 percent for some time so that inflation
averages 2 percent over time and longer‑term inflation expectations remain well anchored at 2 percent.”
Last day to
get 50% off all individual NAFCU Webinars. Stock up on invaluable training for
staff and board!
Sale ends tonight at 11:59 p.m. ET
NAFCU's
CU Industry Trends report shows growing membership and community support in Q1
NAFCU's latest CU Industry Trends report revealed credit union share growth
slowed somewhat in the first quarter but is still rising on a year-over-year basis
and loan growth continued to decelerate in Q1 as mortgage loan growth slowed.
