Regulatory & Compliance

In a letter to the SBA and Treasury, the groups ask for quick loan guidance to help implement loans smoothly.

Treasury Secretary-designate Janet Yellen meets with representatives of CDFIs and MDIs, including two credit union officials.

While pleased at least some economic assistance is coming, CUNA and NAFCU say more help will be needed in 2021.

CU trade leadership believes credit unions have had a successful four years under the Trump Administration.

CUNA official says, "This is all very good," adding the provisions will help CUs remain "in a position to help their members."

The board approves of an operating budget of almost $314.6 million for 2021 and nearly $317 million for 2022.