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NAFCU closed Friday, Monday for Christmas
NAFCU’s offices will be closed Friday and Monday in observance of the Christmas holiday. 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.
Here are a few recent updates from NAFCU to be aware of:
Fed adopts final rule replacing LIBOR: NAFCU sent members a Final Regulation Summary to break down the Federal Reserve’s final rule that identifies benchmark rates based on the Secured Overnight Financing Rate (SOFR) to replace the London Interbank Offered Rate (LIBOR) in certain financial contracts after June 30. The summary outlines what credit unions need to know about the final rule, which goes into effect 30 days after publication in the Federal Register. The association will continue to provide credit unions with additional resources to help phase out LIBOR and implement the new benchmark rates.
Don’t miss out on HOLIDAY savings: Credit unions can save $300 on registrations for all 2023 conferences and online training subscriptions with code HOLIDAY through Jan. 6, 2023. NAFCU's conferences are designed with credit unions' needs in mind, bringing together industry professionals and experts to provide credit union professionals with the top-rated education and training opportunities needed to take their careers and institutions to the next level.
NAFCU UPDATE will not publish Friday. NAFCU Today will resume publication Tuesday, Dec. 27.