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May 01, 2023

Now available: Flip through the May-June issue of The NAFCU Journal

The NAFCU JournalThe May-June issue of The NAFCU Journal is available now and features a breakdown of how changes to the community development financial institution (CDFI) application may affect participation, how credit unions can best support older members, and more. Content from this issue can be viewed anytime on the magazine’s virtual hub. 

The cover feature, “How CDFI Changes Could Affect Participation,” dives into NAFCU’s concerns regarding recent proposals related to the CDFI application process and how they may impact credit unions. The association has shared its opposition of the proposed changes to the CDFI certification standards and has joined with other trades to raise concerns to lawmakers. 

The second feature article, “Protecting Older Members,” tackles the best ways protect members from elder abuse scams with insights from NAFCU Regulatory Affairs Counsel James Akin and CFPB Office of Older Americans Assistant Director Deborah Royster.

The final feature, “Centralized BOI Database May Streamline Account Openings,” provides an overview of where the Financial Crimes Enforcement Network’s (FinCEN) implementation of the Corporate Transparency Act stands.

Each edition of The NAFCU Journal includes several columns from NAFCU leaders and credit union experts offering advice and insight on various topics. Find the sections from the May-June edition online below: 

Flip through the full issue and subscribe to receive the latest issue of The NAFCU Journal via email.

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