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Tag Archives: NAFCU

Credit Unions in Need of Relief

Many proposed changes have taken place within the CFPB as of late, including those associated with Home Equity Lines of Credit. Take a look at what the National Association of Federally-Insured Credit Unions has to say about the propositions.

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Q1 Reports Bode Well for National Credit Unions

As both current homeowners and potential homebuyers are settling more into their prospective communities, turning to federally-insured credit unions for their mortgage and banking needs has become a viable option. On Monday the National Credit Union Administration (NCUA) released its 2017 Q1 call report data, which reports growth all across the board for federally insured credit unions. Dan Berger, the President and CEO of the National Association of Federally-Insured Credit Unions (NAFCU) attributes the overall growth first and foremost to growing membership, which rose 4.2 percent, over 4.3 million more members than were registered a year ago.

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NAFCU Voices Support for Proposed Legislation

The bill includes a report provision, which will delay the implementation of the NCUA’s proposed risk-based capital regulation as it relates to mortgage servicing assets until an impact study is conducted. The NAFCU says this will promote transparency, require a thorough analysis of the proposal’s impact on mortgage servicing assets, and encourage the NCUA to take more time to consider the full impact of its proposed capital rule.

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