Although compliance with the final rule isn’t required until May 11, 2018, credit unions have had since May 11, 2016 to begin their compliance with the amendments to the Bank Secrecy Act that relate to these four core elements: Identification and...
We’re just over a week away from CUNA Governmental Affairs Conference (GAC), set for Feb. 25-March 1. More than 5,000 credit union leaders are expected to attend the event in the nation’s capital to help fight for credit union priorities...
The NCUA board will discuss the process of getting rebates to credit unions from the closure of the Temporary Corporate Credit Union Stabilization fund, according to the agenda released Thursday. NCUA closed the fund Oct. 1 of last year, and said...
Credit Union professionals mingle with Alabama legislators to connect on issues During the Alabama Advocacy Conference, credit union professionals from throughout the state enjoyed an opportunity to meet with lawmakers to discuss credit unions and...
Envision Credit Union announced the promotion of Hollie Maddox to Chief Operations Officer and Stephanie Straker to Chief Financial Officer following the approval from the Envision Credit Union Board of Directors. “This is a time of record growth...
The House has passed a CUNA-backed regulatory relief bill, the Mortgage Choice Act (H.R. 1153) by a 280-131 vote. The bill, which also passed the House in the last Congress, would provide relief to mortgage lenders by excluding certain charges from...
It is normal and perfectly acceptable that credit unions should evolve, CUNA President/CEO Jim Nussle wrote to Sen. Orrin Hatch (R-Utah). Nussle responded to a letter Hatch sent NCUA Chair J. Mark McWatters last week with questions about the state...
Day 2 of the Alabama Advocacy Conference began with a continental breakfast sponsored by Smith Shellnut Wilson followed by a lively address from Sen. Greg Reed, senate majority leader, who prepared attendees for an upcoming robust election cycle...
Today’s convenience economy continues to change your members’ expectations of your credit union. This, in turn, is likely changing yourexpectations of your staff. In fact, The Financial Brand’s Top 10 Retail Banking Trends and Predictions for...
Last month, the Internal Revenue Service released updated withholding tables for employers, reflecting changes to individual tax brackets passed under the Tax Cuts and Jobs Act last December. Many employees will begin to see increases in their...