The NAFCU Journal September-October 2020 - 7

May

"The focus of Congress
should be on supporting
small businesses. The PPP
was a signature program
enacted in the CARES Act
that provided some support
to small business, but more
is needed."
CURT LONG, NAFCU CHIEF ECONOMIST AND
VICE PRESIDENT OF RESEARCH, ON FOX NEWS'
AMERICA'S NEWS HQ

June

In June, NAFCU offered a comprehensive look into the
post-pandemic credit union landscape with a new landmark
State of the Industry virtual event that also featured a keynote
from NCUA Chairman Rodney E. Hood. NAFCU President
and CEO Dan Berger welcomed credit union executives and
board members and provided an in-depth overview of advocacy wins expected to benefit credit unions, as well as potential
headwinds on the horizon, including:
Berger's testimony during a congressional hearing
with lawmakers from the House Financial Services
Committee to ensure credit unions had a seat at the
table during CARES Act and PPP discussions;
■ Aggressively calling for the Federal Reserve to completely
eliminate the Regulation D transfer limit;
■

Berger was joined by NCUA Chairman Rodney E. Hood during
the State of the Industry virtual event.
■

■

Fighting to make sure Congress set aside a portion of funds
specifically for credit unions in the second round of PPP
funding; and
Urging lawmakers to provide credit unions with temporary
relief from implementation of the CECL standard until the
end of the year.

"Working together, we achieved some advocacy wins and witnessed
progress on many fronts. We continued our meetings with members
of Congress and regulators, doing it just like this - virtually."
BERGER DURING NAFCU'S PREMIERE STATE OF THE INDUSTRY EVENT

As the industry works together to overcome the trials brought
on by the pandemic, NAFCU remains committed to the
credit union industry. We work for you.
THE NAFCU JOURNAL SEPTEMBER-OCTOBER 2020

7



The NAFCU Journal September-October 2020

Table of Contents for the Digital Edition of The NAFCU Journal September-October 2020

The NAFCU Journal September-October 2020 - Cover1
The NAFCU Journal September-October 2020 - Cover2
The NAFCU Journal September-October 2020 - 1
The NAFCU Journal September-October 2020 - 2
The NAFCU Journal September-October 2020 - 3
The NAFCU Journal September-October 2020 - 4
The NAFCU Journal September-October 2020 - 5
The NAFCU Journal September-October 2020 - 6
The NAFCU Journal September-October 2020 - 7
The NAFCU Journal September-October 2020 - 8
The NAFCU Journal September-October 2020 - 9
The NAFCU Journal September-October 2020 - 10
The NAFCU Journal September-October 2020 - 11
The NAFCU Journal September-October 2020 - 12
The NAFCU Journal September-October 2020 - 13
The NAFCU Journal September-October 2020 - 14
The NAFCU Journal September-October 2020 - 15
The NAFCU Journal September-October 2020 - 16
The NAFCU Journal September-October 2020 - 17
The NAFCU Journal September-October 2020 - 18
The NAFCU Journal September-October 2020 - 19
The NAFCU Journal September-October 2020 - 20
The NAFCU Journal September-October 2020 - 21
The NAFCU Journal September-October 2020 - 22
The NAFCU Journal September-October 2020 - 23
The NAFCU Journal September-October 2020 - 24
The NAFCU Journal September-October 2020 - 25
The NAFCU Journal September-October 2020 - 26
The NAFCU Journal September-October 2020 - 27
The NAFCU Journal September-October 2020 - 28
The NAFCU Journal September-October 2020 - 29
The NAFCU Journal September-October 2020 - 30
The NAFCU Journal September-October 2020 - 31
The NAFCU Journal September-October 2020 - 32
The NAFCU Journal September-October 2020 - 33
The NAFCU Journal September-October 2020 - 34
The NAFCU Journal September-October 2020 - 35
The NAFCU Journal September-October 2020 - 36
The NAFCU Journal September-October 2020 - 37
The NAFCU Journal September-October 2020 - 38
The NAFCU Journal September-October 2020 - 39
The NAFCU Journal September-October 2020 - 40
The NAFCU Journal September-October 2020 - Cover3
The NAFCU Journal September-October 2020 - Cover4
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