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NAFCU active this week as NCUA Board meets, House committee talks tax reform

first_img continue reading » 8SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU is heavily engaged with regulators and lawmakers this week as the NCUA Board prepares for discussion of the proposed closure of the Temporary Corporate Credit Union Stabilization Fund (TCCUSF) and the House Small Business Committee gets ready for a hearing on small business tax reform.Also this week: The association is also offering a free webcast with information on how credit unions can recover from the Equifax data breach.The TCCUSF closure proposal is slated for discussion Thursday during the NCUA Board’s open meeting. While NAFCU respects the work the NCUA has done on its proposal to close the TCCUSF, NAFCU members are opposed to it because they want a full refund – instead of the much smaller portion that is being proposed.The NCUA’s proposal would close the TCCUSF, merge the fund’s assets and liabilities into the National Credit Union Share Insurance Fund (NCUSIF) and increase the NCUSIF’s normal operating level from 1.3 percent to 1.39 percent – the highest level in the fund’s history. NAFCU is heeding its members’ concerns, and it will continue to advocate for a full TCCUSF refund on behalf of all credit unions.last_img read more

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