NAFCU Press Archives

NAFCU research: vehicle sales to remain tepid, dependent on manufacturing

WASHINGTON, DC (July 6, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Commerce Department released vehicle sales data for June: “Vehicle sales took a big tumble in June – ...

NAFCU applauds NCUA’s capitalized interest rule

WASHINGTON, DC (June 25, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the NCUA approved a final rule allowing credit unions to capitalize interest on loan modifications: “NAFCU applauds the NCUA for approving ...

NAFCU supports Senate bill making credit unions safer for employees, members

WASHINGTON, DC (May 21, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after U.S. Senators Tina Smith (D-Minn.) and Ben Sasse (R-Neb.) introduced NAFCU-sought, bipartisan legislation, The Credit Union Employee and Member Safety ...

NAFCU statement on the Federal Reserve’s decision to reexamine Reg II

WASHINGTON, DC (May 10, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the Federal Reserve announced its intent to revisit Regulation II – which covers debit card interchange fees and network routing exclusivity: “The ...

NAFCU statement on exhaustion of PPP funding

WASHINGTON, DC (May 5, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement after the Small Business Administration announced the exhaustion of paycheck protection program funding: “The SBA’s paycheck protection program has been a ...

NAFCU statement on Durbin Amendment lawsuit

WASHINGTON, DC (April 30, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to merchants suing the Federal Reserve on the Durbin Amendment: “It is time for proponents of the Durbin Amendment to ...

NAFCU research: Rates likely to remain at zero through 2023

WASHINGTON, DC (April 7, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Federal Open Market Committee (FOMC) released its latest statement: “The FOMC is attuned to the building ...

NAFCU research: Jobs report stronger than expected due to broad gains

WASHINGTON, DC (April 2, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) Chief Economist and Vice President of Research Curt Long issued the following statement after the Labor Department released the March jobs report: “The March jobs report topped expectations, dropping the unemployment ...

NAFCU highlights credit unions’ efforts to release EIPs to consumers

WASHINGTON, DC (March 16, 2021) — The National Association of Federally-Insured Credit Unions (NAFCU) Executive Vice President of Government Affairs and General Counsel Carrie Hunt issued the following statement in response to the ongoing roll out of economic impact payments (EIPs) to consumers. "Credit unions ...