The NAFCU Journal November-December 2019 - 10

NAFCU
NAFCU2019
2019
Accomplishments
Accomplishments
We're
We're
here
here
toto
help
help
you
you
grow
grow
stronger.
stronger.
And
Andtoto
us,
us,
it'sit's
personal.
personal.

55%
55%

70%

70%

68%

68%

66%

66%

64%

64%

62%

62%

60%

60%

10

72%

20

50%
50%

51%51%

NAFCU
NAFCU
% of
% of
Total
Total
Assets:
Assets:
FICUs
FICUs

74%

72%

45%
45%

40%
40%

35%
35%

NAFCU
NAFCU
% of %
Total
of Total 27%
Assets:
Assets:
FISCUs
FISCUs

30%

30%

25%

25%

20%

20%

15%

15%

10%

10%

5%

5%

0%

0%

20

Se2 0
p-1 8
19
Se
p
-1
9

20
2010
1
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1
20 1
20 11
1
20 2
20 12
13
20
20 13
14
20
2 01 4
15
2
2 00 1 5
16
20
2 01
167
20
20 1
1 87

10

30%
30%

72%

20
2011
1
20 0
1
20 2
2011
13
20
2012
14
20
2013
15
20
20
14
16
20
201
1 57
20
201
1 86
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19
20
18
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9

NAFCU
NAFCU
MEMBERSHIP
MEMBERSHIP
REACHED...
REACHED...

NAFCU
NAFCU
% of %
Total
of Total 72%
Assets:
Assets:
FCUsFCUs

74%

27%

20
2011
1
20 0
1
20 2
2011
13
20
2012
14
20
2013
15
20
2014
16
20
201
1 57
20
201
1 86
Se2 0
p-1 7
19
20
18
Se
p
-1
9

GROWTH
GROWTH

ADVOCACY
ADVOCACY
LEGISLATIVE
LEGISLATIVE
AND
AND
REGULATORY
REGULATORY
WINS...
WINS...
❯ ❯CECL
CECL
delay
delay
forfor
an an
additional
additional
year
year
for credit
for credit
unions
unions
and and
phased
phased
implementation
implementation
over
over
three
three
years
years
expected
expected
to be
tofinalized
be finalized
in 2019
in 2019
❯ ❯NCUA
NCUA
wins
wins
lawsuit
lawsuit
against
against
thethe
American
American
Bankers
Bankers
Association
Association
allowing
allowing
credit
credit
unions
unions
more
more
expansive
expansive
fields
fields
of membership
of membership
❯ ❯Risk-based
Risk-based
capital
capital
reform
reform
delay
delay
allowing
allowing
opportunity
opportunity
for further
for further
mitigation
mitigation
ofof
regulatory
regulatory
burden
burden
andand
costs
costs
on credit
on credit
unions
unions
expected
expected
by year-end
by year-end
❯❯ Fair
Fairaccess
accessfor
forcredit
creditunions
unions
toto
secondary
secondary
market
market
supported
supported
in in

Treasury
Treasuryhousing
housingreport
report

""

WORKING
WORKINGFOR
FORYOU
YOUTO...
TO...

"Credit
"Credit
unions
unions
serveserve
the greater
the greater
good,good,
not the
not greater
the greater
greed."
greed."

❯❯ Lead
Leadefforts
effortstotointroduce
introduce
over
over
2020
bi-partisan
bi-partisan
measures
measures
in in

-NAFCU
-NAFCU
PRESIDENT
PRESIDENT
AND CEO
AND
DAN
CEO
BERGER
DAN BERGER
IN
IN
THE WALL
THE WALL
STREET
STREET
JOURNAL
JOURNAL

support
supportof
ofcredit
creditunions
unions
❯❯ Set
Setthe
therecord
recordstraight
straightagainst
against
erroneous
erroneous
banker
banker
attacks
attacks
❯❯ Lead
Leadthe
thecharge
chargetotocreate
create
national
national
cyber
cyber
and
and
data
data
security
security

standards,
standards,including
includingcreating
creating
a new
a new
credit
credit
union
union
task
task
force
force
❯❯ Defend
Defendcredit
creditunions'
unions'responsible
responsible
use
use
of of
overdraft
overdraft
programs
programs
❯❯ Connect
Connectcredit
creditunions
unionswith
with
Federal
Federal
Reserve
Reserve
Banks
Banks
in six
in six

meetings
meetingsnationwide
nationwide
❯❯ Provide
Providedirect
directaccess
accesstoto
Congress,
Congress,
having
having
scheduled
scheduled
thethe
most
most

meetings
meetingsfor
forcredit
creditunions
unions
with
with
lawmakers
lawmakers
in NAFCU
in NAFCU
history
history
during
duringour
ourCongressional
Congressional
Caucus
Caucus
10

""

"Rather
"Rather
than than
seeking
seeking
to limit
to limit
or eliminate
or eliminate
overdraft
overdraft
services,
services,
consumers
consumers
would
would
be better
be better
served
served
if theif financial
the financial
services
services
industry
industry
had had
guidance
guidance
and flexibility
and flexibility
to create
to create
a diverse
a diverse
range
range
of options
of options
to fit to fit
members'
members'
needs."
needs."
-NAFCU
-NAFCU
SENIOR
SENIOR
COUNSEL
COUNSEL
FOR RESEARCH
FOR RESEARCH
AND POLICY
AND POLICY
ANDREW
ANDREW
MORRIS
MORRIS
IN CREDIT
IN CREDIT
UNION
UNION
TIMESTIMES

THE NAFCU JOURNAL NOVEMBER-DECEMBER 2019



The NAFCU Journal November-December 2019

Table of Contents for the Digital Edition of The NAFCU Journal November-December 2019

The NAFCU Journal November-December 2019
Contents
Conferences
From the Chair
Washington and Industry Briefs
The Bottom Line
Welcome, New Members
Leading the Charge
Test for Success
Test for Success
Executive Spotlight
Management Insight
Compliance Central
Inside NAFCU Services
From the President’s Desk
The NAFCU Journal November-December 2019 - The NAFCU Journal November-December 2019
The NAFCU Journal November-December 2019 - Cover2
The NAFCU Journal November-December 2019 - Contents
The NAFCU Journal November-December 2019 - 2
The NAFCU Journal November-December 2019 - Conferences
The NAFCU Journal November-December 2019 - From the Chair
The NAFCU Journal November-December 2019 - 5
The NAFCU Journal November-December 2019 - Washington and Industry Briefs
The NAFCU Journal November-December 2019 - 7
The NAFCU Journal November-December 2019 - The Bottom Line
The NAFCU Journal November-December 2019 - 9
The NAFCU Journal November-December 2019 - 10
The NAFCU Journal November-December 2019 - 11
The NAFCU Journal November-December 2019 - 12
The NAFCU Journal November-December 2019 - Welcome, New Members
The NAFCU Journal November-December 2019 - 14
The NAFCU Journal November-December 2019 - 15
The NAFCU Journal November-December 2019 - 16
The NAFCU Journal November-December 2019 - 17
The NAFCU Journal November-December 2019 - Leading the Charge
The NAFCU Journal November-December 2019 - 19
The NAFCU Journal November-December 2019 - 20
The NAFCU Journal November-December 2019 - 21
The NAFCU Journal November-December 2019 - 22
The NAFCU Journal November-December 2019 - 23
The NAFCU Journal November-December 2019 - 24
The NAFCU Journal November-December 2019 - 25
The NAFCU Journal November-December 2019 - Test for Success
The NAFCU Journal November-December 2019 - 27
The NAFCU Journal November-December 2019 - 28
The NAFCU Journal November-December 2019 - 29
The NAFCU Journal November-December 2019 - 30
The NAFCU Journal November-December 2019 - 31
The NAFCU Journal November-December 2019 - Test for Success
The NAFCU Journal November-December 2019 - 33
The NAFCU Journal November-December 2019 - 34
The NAFCU Journal November-December 2019 - 35
The NAFCU Journal November-December 2019 - 36
The NAFCU Journal November-December 2019 - 37
The NAFCU Journal November-December 2019 - 38
The NAFCU Journal November-December 2019 - 39
The NAFCU Journal November-December 2019 - Executive Spotlight
The NAFCU Journal November-December 2019 - 41
The NAFCU Journal November-December 2019 - Management Insight
The NAFCU Journal November-December 2019 - 43
The NAFCU Journal November-December 2019 - Compliance Central
The NAFCU Journal November-December 2019 - 45
The NAFCU Journal November-December 2019 - Inside NAFCU Services
The NAFCU Journal November-December 2019 - 47
The NAFCU Journal November-December 2019 - From the President’s Desk
The NAFCU Journal November-December 2019 - Cover3
The NAFCU Journal November-December 2019 - Cover4
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