ARLINGTON, Va.—NAFCU has launched an “NCUA Money Watch” page on its website to give credit unions “the most up-to-date analysis of the NCUA’s budget and finances,” the trade association reported.
“Every day, credit unions consider how economic conditions will impact their members,” wrote NAFCU President and CEO Dan Berger in an email to members. “Now, more than ever, credit unions are wondering what changes in Washington, D.C., will mean for their bottom line in 2017.”
Credit unions will get updates on the planned refund from the Temporary Corporate Credit Union Stabilization Fund, any potential premiums to be charged by the National Credit Union Share Insurance Fund and the NCUA budget, NAFCU said.
The updates will include links to more comprehensive coverage of the issues as well as information about NAFCU’s latest advocacy efforts, NAFCU added.
NAFCU stated that it has been “particularly vocal” in its concerns about potential NCUSIF premium charges and in urging the NCUA to work to ensure a TCCUSF refund for credit unions as soon as possible. NAFCU also pressed for the return to public NCUA budget briefings. Berger testified at the agency’s first public budget briefing in years this October.