The NCUA held its February board meeting yesterday and unanimously approved a proposed rule that would reform several NCUA field of membership (FOM) requirements and definitions. The proposal includes a NAFCU-requested change to expand membership eligibility to all immediate family and household members of a deceased member and also aims to enhance consumer access to financial services while reducing administrative burden and streamlining the application process for prospective members.
NAFCU's latest Economic & CU Monitor – now available for download – examines survey respondents’ insights on a variety of credit union hot topics, including lending and the current interest rate ceiling, which the NCUA voted to keep at 18 percent for another 18 months during the agency’s first board meeting of the year.
NAFCU's widely read NAFCU Today is credit union leaders' go-to source for the latest on issues impacting the credit union industry. For those short on time, here's a roundup of this week's top need-to-know updates and resources.
You’ll explore the state of the workforce, business and tech trends, top focus areas for credit unions and more. Save $200.00 with code CEOSAVINGS for a limited time.
NAFCU’s offices will be closed Monday in observance of Presidents Day. Credit union members will still have access to the association’s website for resources as well as regulatory and legislative updates on key issue areas.
