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Tag Archives: Credit unions

Friday, May 17, 2013

NAFCU lobbies Congress for preservation of CU tax exemption

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The National Association of Federal Credit Unions currently has lobbyists on Capital Hill working to ensure credit unions’ tax exemption as Congress moves forward on debate and issues surrounding tax reform. Recently, the House Ways and Means Committee held a … Read More…

Thursday, May 16, 2013

NAFCU says FASB proposal to amend accounting standards burdens credit unions

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The National Association of Federal Credit Unions said in a letter to the Financial Accounting Standards Board on Tuesday that its proposal to amend accounting standards would be overly burdensome and near useless for credit unions. The FASB’s exposure draft … Read More…

Thursday, May 16, 2013

NAFCU survey: Nearly half of all credit unions to quit offering non-qualified mortgages

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A recent survey by the National Association of Federal Credit Union’s Economic and CU Monitor found that 44 percent of credit unions plan to quit offering loans that are not “qualified mortgages” under the CFPB’s ability-to-repay rule. Nearly 93 percent … Read More…

Wednesday, May 15, 2013

NAFCU urges Congress to ensure credit unions’ access to secondary mortgage market

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The National Association of Federal Credit Unions recently urged lawmakers to ensure that housing finance reforms allow credit unions continued access to the secondary mortgage market. “This source of liquidity is critical to enabling credit unions to serve the mortgage … Read More…

Tuesday, May 14, 2013

NAFCU expresses concerns about external legal counsel costs, NCUA proposal

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In a Friday letter to the National Credit Union Administration, the National Association of Federal Credit Unions voiced concern about the cost of external counsel, as well as NCUA’s proposal to ramp up credit union data collection. PJ Hoffman, regulatory … Read More…

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