Newsroom
NAFCU preps bold advocacy agenda for 2021
As the 117th Congress gets underway and the Biden administration prepares to transition into the White House, NAFCU has launched its 2021 legislative and regulatory priorities to achieve an operating environment in which credit unions – and their 123 million members – can thrive.
"Credit unions have worked tirelessly to help Americans overcome adversity and hardship amid the coronavirus pandemic," said NAFCU President and CEO Dan Berger. "For both new and returning members of Congress, it is vital they understand the good work not-for-profit credit unions have done and will continue to do to lift American families and communities up during these uncertain times.
"We look forward to working with lawmakers on Capitol Hill as well as the Biden Administration to make sure credit unions have a strong seat at the table, and that they are empowered to help our nation and our economy fully recover. It is our mission to deliver this message to policymakers in 2021 and beyond."
The 117th Congress was sworn in yesterday, and President-elect Joe Biden's inauguration is set for Jan. 20. In a letter sent yesterday, Berger shared these priorities with congressional leadership and members of the House and Senate.
NAFCU's award-winning advocacy team also started its activity with the 117th Congress and Capitol Hill, welcoming new members and sharing the priorities with lawmakers and their staff to keep credit union issues top of mind.
After tallying a series of wins last year, NAFCU will continue to build upon its five tenets, with priorities encompassing:
- Growth: Supporting legislation and regulation that helps credit unions grow membership, loans and retained earnings.
- Fair and Innovative Market: Fighting back against banker attacks and establishing regulatory standards for fintech and other non-depository institutions.
- Regulatory Relief: Providing clear rules of the road and streamlining regulation that allows credit unions to put more resources towards serving members.
- Strong NCUA: Pressing for the NCUA to be the sole industry regulator and fostering a strong relationship with the agency to ensure credit unions’ voices and concerns are heard.
- Data Protection: Encouraging federal standards for data privacy and data security that recognize existing regulatory requirements for credit unions.
NAFCU will remain personally invested in credit unions' growth and success by providing members with exceptional advocacy and member service, as well as access to the resources and connections needed to keep growing.
Share This
Related Resources
Add to Calendar 2024-06-26 14:00:00 2024-06-26 14:00:00 Gallagher Executive Compensation and Benefits Survey About the Webinar The webinar will share trends in executive pay increases, annual bonuses, and nonqualified benefit plans. Learn how to use the data charts as well as make this data actionable in order to improve your retention strategy. You’ll hear directly from the survey project manager on how to maximize the data points to gain a competitive edge in the market. Key findings on: Total compensation by asset size Nonqualified benefit plans Bonus targets and metrics Prerequisites Demographics Board expenses Watch On-Demand Web NAFCU digital@nafcu.org America/New_York public
Gallagher Executive Compensation and Benefits Survey
preferred partner
Gallagher
Webinar
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 2024 Mid-Year Fraud Review Listen On: Key Takeaways: [01:16] Check fraud continues to be rampant across the country. Card fraud is affecting everyone. [04:31] Counterfeit US passport cards are just another new toolbox in the bad actors’ toolbox. [07:21] Blocking the fallback is the only way to defeat counterfeit cards. [11:17] The best way is constant education to your members in as many channels as you can. [13:02] We are still seeing overdraft lawsuits. Make sure the programming you have at your credit union matches what you have displayed for the members. Web NAFCU digital@nafcu.org America/New_York public
2024 Mid-Year Fraud Review
Strategy & Growth, Consumer Lending
preferred partner
Allied Solutions
Podcast
Add to Calendar 2024-06-21 09:00:00 2024-06-21 09:00:00 The Evolving Role of the CISO in Credit Unions Listen On: Key Takeaways: [01:30] Being able to properly implement risk management decisions, especially in the cyber age we live in, is incredibly important so CISOs have a lot of challenges here. [02:27] Having a leader who can really communicate cyber risks and understand how ready that institution is to deal with cyber events is incredibly important. [05:36] We need to be talking about risk openly. We need to be documenting and really understanding what remediating risk looks like and how you do that strategically. [16:38] Governance, risk, compliance, and adherence to regulatory controls are all being looked at much more closely. You are also seeing other technology that is coming into the fold directly responsible for helping CISOs navigate those waters. [18:28] The reaction from the governing bodies is directly related to the needs of the position. They’re trying to help make sure that we are positioned in a way that gets us the most possibility of success, maturing our postures and protecting the institutions. Web NAFCU digital@nafcu.org America/New_York public
The Evolving Role of the CISO in Credit Unions
preferred partner
DefenseStorm
Podcast
Get daily updates.
Subscribe to NAFCU today.