NAFCU
sends congressional leaders 2020 priorities
NAFCU President and CEO
Dan Berger this week sent the association's 2020 priorities directly to congressional
leadership and members of both the Senate and House. The letter – addressed
to Senate Majority Leader Mitch McConnell, R-Ky., Senate Minority Leader Chuck
Schumer, D-N.Y., House Speaker Nancy Pelosi, D-Calif., and House Minority Leader
Kevin McCarthy, R-Calif. – shared NAFCU's just-released priorities as Congress
returns for the second session of the 116th Congress.
BSA,
CECL remain on NCUA supervisory priorities, consumer protections added
Bank Secrecy Act (BSA) compliance remains on the NCUA's supervisory priorities
for 2020, with examiners focusing on customer due diligence (CDD) and beneficial
ownership requirements. In addition, examiners will discuss credit unions'
plans to implement the current expected credit loss (CECL) standard as institutions
now have an additional year to comply.
NCUA
releases 2020 operating fee schedule
The NCUA – in a letter to credit
unions Monday – announced the operating fee schedule for 2020. The fee scale
has been raised 1.13 percent due to the Overhead Transfer Rate (OTR) level and
changes in the NCUA's capital investment program.
LAST WEEK TO SAVE $300 WITH CODE HOLIDAY
Register
for all your 2020 conferences and online training subscriptions with code HOLIDAY
to save $300 on each!
January
webinars feature new NCUA regulations, fraud prevention, more
NAFCU
is offering several webinars throughout January to ensure credit unions start
the new year strong. Topics ranging from NCUA regulations to risks associated
with serving marijuana-related businesses are geared toward the education, enhancement,
and further innovation of credit unions.
Carranza
confirmed as new SBA administrator
The Senate Tuesday confirmed Jovita
Carranza to be administrator of the Small Business Administration (SBA). NAFCU
works closely with the SBA to expand access to credit union small-dollar loans to small businesses across the nation.
Grow,
improve operations in 2020 with NAFCU's Vendor Directory
How will
credit unions continue to grow and meet members' needs in 2020? For those
looking for a new vendor to partner with on products and services, look no further
than NAFCU's 2020 Vendor Directory – in its all-new digital format –
to find the best credit union solutions providers.
