Also: NCUA provides NAFCU-requested guidance on simplified CECL tool

October 13, 2022

NAFCU’s Berger: What the latest Jobs Report means for consumers, Powell ([link removed] )

In a new op-ed first published by The Hill yesterday, NAFCU President and CEO Dan Berger underscores why the September jobs report means nothing for American consumers and everything for Fed Chairman Powell:

NCUA provides NAFCU-requested guidance on how CUs can use new simplified CECL tool ([link removed] )

The NCUA Wednesday hosted a webinar to break down its new simplified current expected credit loss (CECL) tool, which uses the weighted average remaining maturity (WARM) methodology to estimate the allowance for credit loss.

NAFCU’s Berger discusses CCCA, credit card rewards on NBC affiliate ([link removed] )

NAFCU President and CEO Dan Berger appeared on Memphis NBC affiliate, Action News 5, to discuss the importance of leveraging credit card rewards to help combat inflation and the latest on the Credit Card Competition Act (CCCA).

Innovation Awards Winners Announced

Discover partner innovations driving CU success through technology advancements and more.

Learn More ([link removed] )

FOMC September minutes indicate more rate hikes remain likely ([link removed] )

The Federal Open Market Committee (FOMC) released the minutes from its September meeting Wednesday, revealing participants are expecting modest economic growth over the last half of the year and remain focused on addressing strong inflation.

NAFCU releases 2023 NCUA Operating Fee Calculator ([link removed] )

NAFCU released a 2023 NCUA Operating Fee Calculator last Friday. In a message to members, NAFCU Vice President of Research and Chief Economist Curt Long said that the calculator will allow credit unions to find out how the NCUA’s current proposed budget for 2023-2024 will affect their bottom lines. Notably, any changes to the NCUA’s final budget will change the estimate.

NAFCU issues Reg Alert on FinCEN beneficial ownership reporting final rule ([link removed] )

NAFCU sent members a Regulatory Alert Wednesday breaking down the Financial Crimes Enforcement Network’s (FinCEN) final rule on establishing beneficial ownership information reporting requirement, which was issued earlier this month.

NAFCU Reg Alert dives into the NCUA’s proposal to modify subordinated debt rule ([link removed] )

NAFCU sent members a Regulatory Alert Wednesday to break down the NCUA’s amendment to modify its proposal on subordinated debt to replace the maximum maturity of subordinated debt notes with a requirement to demonstrate how these investments would be considered “debt.” The rule would also extend the regulatory capital treatment of Grandfathered Secondary Capital (GSC) to 30 years from the date of issuance.

High rates raise the bar for banking customer service_167x300-1 ([link removed] )

NAFCU CALENDAR ([link removed] )

OCT

13
Strategic Planning During Uncertain Times: Unlock Key Insights Using Predictive Forecasting ([link removed] )

Complimentary Webinar

OCT

14
FTC - Trade Regulation Rule on Commercial Surveillance and Data Security ([link removed] )

Comments Due to NAFCU

OCT

17 - 21
Management and Leadership Institute ([link removed] )

Annapolis, MD

OCT

18
Strengthening Your CIP/EDD Program ([link removed] )

Webinar

NAFCU Vendor Directory - Digital and Online Banking ([link removed] )

NAFCU Regulatory Compliance School ([link removed] )

Understand credit union compliance from A to Z: Register now for NAFCU's Regulatory Compliance School March 13 – 17, 2023 in Arlington, VA. View agenda ([link removed] ) .

JOIN THE CONVERSATION:

LinkedIn ([link removed] )

Facebook ([link removed] )

Twitter ([link removed] )

YouTube ([link removed] )

Website ([link removed] )

National Association of Federally-Insured Credit Unions. 3138 10th St N Arlington, Virginia 22201

You received this message because you are subscribed to NAFCU emails.

Update your email preferences ([link removed] ) to choose the types of emails you receive.

Received this message from a colleague? Provide your contact information to start receiving our emails ([link removed] ) .

Unsubscribe from all future emails ([link removed] ) .