Berger meets with key leaders on Hill as lawmakers work on funding package

NAFCU President and CEO Dan Berger spent Wednesday on Capitol Hill meeting with credit union champions, including House Majority Leader-elect Steve Scalise, R-La., and Rep. Roger Williams, R-Texas, to discuss industry priorities and key issues.

NCUA set to finalize 2023-24 budget today

The NCUA Board is set to finalize the agency’s 2023-24 budget during its meeting today, which begins at 10 a.m. Eastern. NAFCU will review the final budget to see if the agency has heeded the association’s call for cost-saving efforts and provide updates to credit unions once the meeting concludes.

FOMC raises rates 50 basis points, revises projections

The Federal Open Market Committee (FOMC) concluded its December meeting yesterday, where the committee raised rates 50 basis points to a range of 4.25 to 4.5 percent – breaking a streak of four consecutive 75 basis point hikes. However, NAFCU Chief Economist and Vice President of Research Curt Long noted the FOMC “made eyecatching changes to its economic projections” in the latest Macro Data Flash report.

Engage 2023: NAFCU’s Annual Conference

Join us in June in picturesque southern California. Engage with industry experts. Discuss the future of banking. Member experience and more!

CU Industry Trends show ‘surging’ loan, membership growth

Credit union membership growth nearly reached the previous record set in 2018 during the third quarter of 2022, increasing roughly 4.5 percent year-over-year according to NAFCU’s latest CU Industry Trends report.

New on the Compliance Blog: NCUA annual meeting guidance, charter conversions

As credit unions work to meet the needs of more than 134 million Americans, NAFCU's award-winning regulatory compliance team continues to keep credit unions informed with new posts on the Compliance Blog, published every Monday and Wednesday. 

CFPB’s Chopra discusses rulemaking efforts with HFSC; NAFCU pens letter ahead of SBC’s hearing

The House Financial Services Committee (HFSC) held its CFPB oversight hearing yesterday, discussing many points relevant to credit unions. Of note, the Senate Banking Committee holds its CFPB oversight hearing today at 10 a.m. Eastern.