Program areas at NAFCU
Communicationslegislativeregulato... keeps members up-to-date on all of the rules and laws gonverning Credit Unions as well as providing compliance assistance.
Products & services: includes the nafcu journal, a bi-monthly periodical about trends in Credit Unions and other publication such as the weekly update newsletter and regulatory alerts published for members. Also included are various training resources available to both members and the general public.
Membership educational conferences: nafcu holds an annual conference that allows members to learn about the latest news, advances in technology, and innovative products for Credit Unions. In addition, nafcu holds numerous other educational conferences designed to educatemembers on more specialized topics.
2022 accomplishmentsnafcu continues to fight to secure regulatory relief and flexibility for Credit Unions and in 2022 remained committed to creating a legislative and regulatory environment that allows Credit Unions - and their 135 million members - to thrive. Our bold advocacy blueprint aimed to create regulatory relief, foster Credit union innovation, grow membership, and level the playing field between Credit Unions, large banks, and underregulated market participants. This strategy secured several key wins for the industry and american consumers.nafcu fought back against bankers' attacks by continuing efforts under the award-winning big bank bullies campaign to highlight the difference between community-focused Credit Unions and profit-seeking banks. We also advocated against legislative efforts to extend debit interchange routing requirements to Credit cards and grant the ncua with expanded third-party vendor authority.in addition, nafcu secured the introduction of, and bipartisan support for, multiple pieces of legislation to provide Credit Unions with more flexibility, including the fully enacted Credit union governance modernization act (cugma).on the regulatory front, nafcu strongly opposed the consumer financial protection bureau's (cfpb) efforts to expand the scope of regulation e and hold financial institutions liable for fraud on peer-to-peer platforms. We also advocated for the cfpb to consider additional ways to supervise nonbank fintech companies, limiting risks to consumers and creating a fairer regulatory environment.nafcu led efforts to ensure the National Credit union administration (ncua) allowed Credit Unions to use distributed ledger technologies and successfully secured the agency's release of additional guidance on how Credit Unions can better adopt digital assets and emerging financial technologies.at nafcu, the Association's regulatory compliance team answered more than 6,000 questions from members via the direct compliance assistance program - answering all questions within one business day to continue our prioritization of extreme member service. In addition to our compliance hotline, the team authored numerous blogs, articles, and other tools to provide valuable compliance analysis and resources to nafcu members.to provide our members with the industry's best educational opportunities, our education and events teams curated 12 conferences and events, delivering forward-thinking content designed to equip Credit Unions with the tools needed to grow and serve members straight to attendees. Additionally, our online training center continued to be highly utilized, offering weekly live and on-demand webinars on the industry's most prominent issues; it remains a valuable opportunity for Credit union staff to stay up to date on the latest trends. Throughout the year, nearly 5,000 Credit union industry professionals streamed more than 16,000 hours almost 2 years' worth of content.nafcu provides the industry's leading ace advocacy, compliance, and education and we are dedicated to delivering on our promises for the benefit of our members and the 135 million americans they serve.