WASHINGTON—Representatives of NAFCU, along with NAFCU-member CUs that included Truliant FCU, Acclaim FCU, Allegacy FCU, and Piedmont Advantage, held a meeting with House Financial Services Committee Member Rep. Ted Budd (R-NC).
During the virtual meeting, the group discussed a number of key topics including data security and interchange, along with the various ways credit unions have provided support to their members amid the coronavirus pandemic, NAFCU reported.
During the meeting, the group discussed the need for additional investment authorities for credit unions amid the pandemic to allow them to better manage the influx of deposits and ultimately provide more products and services to members, NAFCU said, noting it has advocated for NCUA to provide credit unions with additional investment authorities to manage share growth rather than assess a National Credit Union Share Insurance Fund premium.
In addition, the group discussed the Small Business Administration’s (SBA) Paycheck Protection Program (PPP) and how credit unions have utilized the program to assist members.
The meeting also touched on the Online Accessibility Act, H.R. 1100, which was introduced by Budd and Representatives Luis Correa (D-CA) and Richard Hudson (R-NC) in February and sets forth requirements for consumer-facing websites and mobile applications. NAFCU said it is supportive of the bill which seeks to provide greater clarity for website requirements under the Americans with Disabilities Act.
The Attendees
In attendance at the meeting were:
- Truliant Director of Community and Government Affairs Atticus Simpson
- Acclaim President and CEO Valerie Marsh
- Allegacy General Counsel and President of Allegacy Services Tim Moore
- Piedmont Advantage President and CEO Dion Williams
- NAFCU President and CEO Dan Berger
- NAFCU VP-Legislative Affairs Brad Thaler
- NAFCU Associate Director of Legislative Affairs Lewis Plush