The NAFCU Journal March - April 2018 - 10

WASHINGTON AND INDUSTRY BRIEFS

McDonald, in Hill Hearing, Touts Credit
Unions' Work With SBA for Small Biz

C

Randolph-Brooks Federal Credit
Union (Live Oak, Texas) has been the
No. 1 SBA-lending credit union in its
55-county district the past two years,
McDonald noted. "SBA products allow
us to leverage our lending dollars, mitigate the risk associated with the loans
and extend more credit to our communities' small businesses," she testified.
The hearing focused on H.R. 4743, the
Small Business 7(a) Lending Oversight Reform Act of 2018, introduced
by committee Chairman Steve Chabot,

Photo by Kevin Dietsch

redit unions' member business
lending and partnership with
the Small Business Administration (SBA) were promoted
during a Jan. 17 House Small Business
Committee hearing by NAFCU witness Sonya McDonald, executive vice
president and chief lending officer at
Randolph-Brooks Federal Credit Union.

Randolph-Brooks Federal Credit Union's Sonya McDonald (right) is greeted by House
Small Business Committee Chairman Steve Chabot, R-Ohio. She also testified for NAFCU
before a panel subcommittee last year.

R-Ohio. McDonald voiced support for
the measure and noted areas that could
be improved or clarified. She also said
raising the statutory cap on credit union
member business lending would help
build participation in the SBA program.

Each credit union loan dollar backed
by SBA is excluded from the credit
union's MBL cap. Read more at
www.nafcu.org/mbl.

Tax Bill Analysis Gives
Facts Credit Unions Can Use

C

redit unions can get key facts
regarding the 2017 Tax Cuts
and Jobs Act now via NAFCU's
website. The association's online
analysis, available to members and nonmembers, shows which tax code provisions were altered in the bill signed by the
president in late December.

credit unions' federal corporate income
tax exemption as this measure moved
through the legislative process, but there's
a lot more to know about the package,
including new individual and corporate
tax rates and the code's treatment of unrelated business income, small-business
loan interest, mortgage interest and more.

NAFCU and its members' advocacy
efforts helped ensure preservation of

The act also created a 21 percent excise
tax on executive compensation over $1

10

million that will affect some
credit unions.
NAFCU will continue to advocate for
credit unions as Congress considers
technical corrections. The association's
online analysis will change to reflect any
revisions. The online analysis is available
at www.nafcu.org/cutaxexemptionissue.

THE NAFCU JOURNAL  MARCH-APRIL 2018


http://www.nafcu.org/mbl http://www.nafcu.org/cutaxexemptionissue

Table of Contents for the Digital Edition of The NAFCU Journal March - April 2018

Conferences
From the Chair
Your Washington Watchdog
Advocacy Snapshot
Washington and Industry Briefs
Growth Strategies
Understanding Risk and Managing It
The Board of Directors
Best-of-Class Strategies for Retaining Top Talent
Executive Spotlight
Management Insight
Compliance Central
Inside NAFCU Services
From the President’s Desk
The NAFCU Journal March - April 2018 - Cover1
The NAFCU Journal March - April 2018 - Cover2
The NAFCU Journal March - April 2018 - 1
The NAFCU Journal March - April 2018 - 2
The NAFCU Journal March - April 2018 - Conferences
The NAFCU Journal March - April 2018 - From the Chair
The NAFCU Journal March - April 2018 - 5
The NAFCU Journal March - April 2018 - Advocacy Snapshot
The NAFCU Journal March - April 2018 - 7
The NAFCU Journal March - April 2018 - Washington and Industry Briefs
The NAFCU Journal March - April 2018 - 9
The NAFCU Journal March - April 2018 - 10
The NAFCU Journal March - April 2018 - 11
The NAFCU Journal March - April 2018 - 12
The NAFCU Journal March - April 2018 - 13
The NAFCU Journal March - April 2018 - 14
The NAFCU Journal March - April 2018 - 15
The NAFCU Journal March - April 2018 - 16
The NAFCU Journal March - April 2018 - 17
The NAFCU Journal March - April 2018 - 18
The NAFCU Journal March - April 2018 - 19
The NAFCU Journal March - April 2018 - Growth Strategies
The NAFCU Journal March - April 2018 - 21
The NAFCU Journal March - April 2018 - Understanding Risk and Managing It
The NAFCU Journal March - April 2018 - 23
The NAFCU Journal March - April 2018 - 24
The NAFCU Journal March - April 2018 - 25
The NAFCU Journal March - April 2018 - The Board of Directors
The NAFCU Journal March - April 2018 - 27
The NAFCU Journal March - April 2018 - 28
The NAFCU Journal March - April 2018 - 29
The NAFCU Journal March - April 2018 - 30
The NAFCU Journal March - April 2018 - 31
The NAFCU Journal March - April 2018 - 32
The NAFCU Journal March - April 2018 - 33
The NAFCU Journal March - April 2018 - Best-of-Class Strategies for Retaining Top Talent
The NAFCU Journal March - April 2018 - 35
The NAFCU Journal March - April 2018 - 36
The NAFCU Journal March - April 2018 - 37
The NAFCU Journal March - April 2018 - 38
The NAFCU Journal March - April 2018 - 39
The NAFCU Journal March - April 2018 - Executive Spotlight
The NAFCU Journal March - April 2018 - 41
The NAFCU Journal March - April 2018 - Management Insight
The NAFCU Journal March - April 2018 - 43
The NAFCU Journal March - April 2018 - Compliance Central
The NAFCU Journal March - April 2018 - 45
The NAFCU Journal March - April 2018 - Inside NAFCU Services
The NAFCU Journal March - April 2018 - 47
The NAFCU Journal March - April 2018 - From the President’s Desk
The NAFCU Journal March - April 2018 - Cover3
The NAFCU Journal March - April 2018 - Cover4
http://www.nxtbook.com/ygsreprints/NAFCU/G105388_nafcu_mayjun2019
http://www.nxtbook.com/ygsreprints/NAFCU/G103030_nafcu_marapr2019
http://www.nxtbook.com/ygsreprints/NAFCU/G88665_nafcu_janfeb2019
http://www.nxtbook.com/ygsreprints/NAFCU/G100235_nafcu_novdec2018
http://www.nxtbook.com/ygsreprints/NAFCU/G98517_nafcu_septoct2018
http://www.nxtbook.com/ygsreprints/NAFCU/G96479_nafcu_julaug2018
http://www.nxtbook.com/ygsreprints/NAFCU/G93390_nafcu_mayjune2018
http://www.nxtbook.com/ygsreprints/NAFCU/G90161_nafcu_marapr2018
http://www.nxtbook.com/ygsreprints/NAFCU/G88665_nafcu_janfeb2018
http://www.nxtbook.com/ygsreprints/NAFCU/G83806_nafcu_novdec2017
http://www.nxtbook.com/ygsreprints/NAFCU/G80296_nafcu_septoct2017
http://www.nxtbook.com/ygsreprints/NAFCU/G79086_nafcu_julyaugust2017
http://www.nxtbook.com/ygsreprints/NAFCU/G75911_nafcu_mayjune2017
http://www.nxtbook.com/ygsreprints/NAFCU/G73247_nafcu_marapr2017
http://www.nxtbook.com/ygsreprints/NAFCU/G71923_nafcu_janfeb2017
http://www.nxtbook.com/ygsreprints/NAFCU/G69249_nafcu_novdec2016
http://www.nxtbook.com/ygsreprints/NAFCU/nafcu_septoct2016
http://www.nxtbook.com/ygsreprints/NAFCU/g63853_nafcu_julaug2016
http://www.nxtbook.com/ygsreprints/NAFCU/g61005_nafcu_mayjun2016
http://www.nxtbook.com/ygsreprints/NAFCU/g58935_nafcu_marapr2016
http://www.nxtbook.com/ygsreprints/NAFCU/g56716_nafcu_janfeb2016
http://www.nxtbook.com/ygsreprints/NAFCU/g55605_nafcu_novdec2015
http://www.nxtbook.com/ygsreprints/NAFCU/g53582_nafcu_sepoct2015
http://www.nxtbook.com/ygsreprints/NAFCU/g52154_nafcu_july2015
http://www.nxtbook.com/ygsreprints/NAFCU/g50302_nafcu_mayjune2015
http://www.nxtbook.com/ygsreprints/NAFCU/g48554_nafcu_marapr2015
http://www.nxtbook.com/ygsreprints/NAFCU/g47118_nafcu_janfeb15
http://www.nxtbook.com/ygsreprints/NAFCU/g45886_nafcu_novdec2014
http://www.nxtbook.com/ygsreprints/NAFCU/g44155_nafcu_sepoct2014
http://www.nxtbook.com/ygsreprints/NAFCU/g42892_nafcu_julyaug2014
http://www.nxtbook.com/ygsreprints/NAFCU/g41296_nafcu_mayjun2014
http://www.nxtbook.com/ygsreprints/NAFCU/g39799_nafcu_marapr2014
http://www.nxtbook.com/ygsreprints/NAFCU/g38961_nafcu_janfeb2014
http://www.nxtbook.com/ygsreprints/NAFCU/g38041_nafcu_novdec2013
http://www.nxtbook.com/ygsreprints/NAFCU/g36539_nafcu_sepoct2013
http://www.nxtbook.com/ygsreprints/NAFCU/g34910_nafcu_julaug2013
http://www.nxtbookMEDIA.com