The National Association of Federal Credit Unions VP of Legislative Affairs, Brad Thaler, sent a letter to the Committee on Ways and Means Subcommittee on Tax Policy, urging them to keep the credit union federal tax exemption as they consider tax reform proposals.
Read More »Credit Unions Reel in Over $1 Trillion in Assets for Q4
Credit unions performed extremely well in the fourth quarter of 2015, with the highest share growth since 2009, strongest loan growth in 10 years, and the highest rate of member growth in 30 years.
Read More »NAFCU Promotes EVP Of Government Affairs And General Counsel
National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger recently announced the promotion of Carrie Hunt to EVP of Government Affairs and General Counsel.
Read More »Credit Unions Share Regulatory Anxiety with Federal Reserve Leaders
The National Association of Federal Credit Unions, which represents federal credit unions, shared some of the pain points credit unions continue to deal with, while noting that consumer demand at credit unions is up year-over-year.
Read More »Credit Union Loan Growth Totals $745.2 Billion in Q2
The number of federally insured credit unions dropped in the second quarter, but the National Credit Union Administration reported Thursday that total loan growth was positive. Total loans at federally insured credit unions reached $745.2 billion in the second quarter of 2015, an increase of 3.2 percent from the previous quarter and 10.6 percent from last year.
Read More »Credit Union Association Airs Grievances With the CFPB’s Complaint Database
The latest organization to air a grievance about the CFPB's Consumer Complaint Database is the National Association of Federal Credit Unions, which wrote a letter to the Bureau saying that the Database "continues to have practical implications that undermine the complaint resolution process."
Read More »NAFCU Requests That FHFA Leave Conforming Loan Limit at Current Level
In a letter to the Federal Housing Finance Agency, the National Association of Federal Credit Unions is urging the FHFA to keep the conforming loan limit at its current baseline rate of $417,000 and not let the limit drop any lower, citing that this change could interrupt a still-recovering housing market.
Read More »Congress & Industry Leaders Discuss Dodd-Frank’s Progress on its Fifth Anniversary
Tuesday, July 21, 2015 marks the fifth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act. As Dodd-Frank turns five, congress members and industry leaders examine just how effective the reform act has been within the government agencies to which it was applied.
Read More »Credit Union Organizations Respond to GAO Recommendation on Vendor Authority
The U.S. Government Accountability Office (GAO) issued a report on cybersecurity last week highlighting that banks and other depository regulators need better data analytics and depository institutions want more usable threat information. The National Association of Federal Credit Unions (NAFCU) & the National Credit Union Association (NCUA) both responded to the GAO's recommendation on vendor authority.
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