Infosight Spotlight: Backup withholding and employment channels updated

The following InfoSight channels have been recently updated: July 2018 – Tax Issues Channel The Backup Withholding pages were updated to reflect the new rate of 24%. Various links were updated on the Form 990 topic. For 1098 and 1099 pages there was a modification to Mortgage Debt Relief section noting the PMI/mortgage debt forgiveness […]

The following InfoSight channels have been recently updated:

  • July 2018 – Tax Issues Channel
    The Backup Withholding pages were updated to reflect the new rate of 24%. Various links were updated on the Form 990 topic. For 1098 and 1099 pages there was a modification to Mortgage Debt Relief section noting the PMI/mortgage debt forgiveness tax was extended through 2017.
  • June 2018 – Employment Channel Topic – Employee Retirement Income Security Act (ERISA)
    This topic was expanded to include information on the recent regulatory changes effective April 2018.

Please review these channels to ensure your credit union is in compliance. Read the full InfoSight newsletter here.

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About Us

The League of Southeastern Credit Unions & Affiliates represents 342 credit unions in Alabama, Florida and Georgia, with a combined total of $118.63 billion in assets and more than 10.1 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

LSCU Mission Statement

To create an environment that enables credit unions to grow and succeed.

LSCU Vision Statement

To be the trusted advocate and preferred source of information for credit unions.

If you need to reach us, e-mail communications@lscu.coop

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