NAFCU’s Berger: What the latest Jobs Report means for consumers, Powell

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

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

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.

FOMC September minutes indicate more rate hikes remain likely 

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 

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

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

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.