News Topic: NAFCU

The trade group's summer show was expected to be the first major credit union event not to be held exclusively in a virtual format but was cancelled due to the ongoing pandemic. ... Read full article

Industry groups say the coronavirus has highlighted additional risks faced by institutions without a diverse member base. ... Read full article

The trade group is the latest to call for financial services workers to be moved closer to the front of the line as COVID-19 vaccinations are distributed. ... Read full article

As lawmakers look for ways to plug budget gaps, credit union groups are preparing for a possible assault on the industry's tax exemption at the state and federal level. ... Read full article

The industry supports candidates on both sides of the aisle but has tilted towards Democrats during this cycle. Experts say that's partly a reflection of the current makeup of Congress. ... Read full article

President Trump and former Vice President Biden meet face-to-face this week while Republicans and Democrats push conflicting priorities in Washington. ... Read full article

Two board members for the credit union regulator spoke during a NAFCU event, highlighting liquidity issues, plans for new departments at the agency and more. ... Read full article

Over the last six months, the movement has shown it is ready to step up during challenging times, including doubling down on service and rolling out new digital products. ... Read full article

It's unlikely that lawmakers will pass new coronavirus-related legislation before Congress leaves for its October recess. ... Read full article

A new jobs report was better than expected, but recent NCUA data on credit union performance for the first half of 2020 shows how hard the industry has been hit by COVID-19. ... Read full article

With on-site supervision off the table indefinitely, various credit union trade associations have suggested how NCUA could improve remote exams, including issues related to exam timelines and cybersecurity. ... Read full article

Groups representing community banks and credit unions generally support the new percentage-based goals set by the Federal Housing Finance Agency. ... Read full article

The central bank said customers will be able to make more transfers and withdrawals "at a time when financial events associated with the coronavirus pandemic have made such access more urgent." ... Read full article

Legislation announced Wednesday would allow credit unions to make coronavirus relief loans to businesses without fear of bumping up against the member business lending cap. ... Read full article

The regulator formally announced the 60-day delay on Monday after tweeting about it over the weekend. ... Read full article

The community bank lobby has said the recent deals are another reason to rein in the credit union sector. Some House members are beginning to take notice. ... Read full article

An appeals court on Thursday denied bank groups an en banc hearing from all 11 appellate judges, but bankers said Friday that they're considering turning to the Supreme Court. ... Read full article

House and Senate lawmakers have denied a push by banking groups to grant banks the rent-free access to military installations that credit unions have. ... Read full article