Links in “Credit Unions”
- Five Things to Understand about NCUAâs ERM Guidance
Enterprise risk management affects virtually every decision a credit union makes. This means NCUAâs recently-issued ERM guidance and this articleâs five take-aways is a must read for all senior management staff. [11/20]
- Impact of JPM Settlement on Credit Unions
The Department of Justice has announced that the NCUA will be receiving a $1.4 billion dollar settlement from JPMorgan as compensation for failed corporate credit union investments. According to NCUA Chair Debbie Matz, this settlement along with other settlements should greatly reduce future assessments to credit unions. [11/20]
- Breaking Down NCUA’s Liquidity and Contingency Funding Rules
NAFCU digs into some key highlights of NCUA's final rule on liquidity and contingency funding plans. [11/20]
- CMS Key to Scaling Up Compliance to Meet Rising Demands
As introduced by the CFPB, a scalable Compliance Management System" is the key to keeping up with rising requirements. (Note: After reading this article, if you are interested in a demo of the AffirmXÂ platform, click here.)Â [11/20]
- Good News Credit Unions: TISA Burden Cut by 99.97%
NCUA revises TISA burden from 43.5 billion hours to just 9.9 million hours. Now that's cutting regulatory impact. Of course, it was a computation error, but nonetheless... [11/19]
- Illinois Credit Union Branch Serves as Tornado Command Center
A branch of $4.8 billion Citizens Equity First Credit Union in hard-hit Washington, Illinois, is serving as a command center for the Washington Fire Department. A fierce tornado hit central Illinois on Sunday causing widespread destruction. [11/19]
- NCUA Releases Video on New Liquidity Rule
NCUA has posted a new video on its YouTube channel that provides instruction on compliance with the agencyâs new liquidity and contingency funding rule. The liquidity and contingency funding rule requires credit unions with more than $250 million in assets to have access to NCUAâs Central Liquidity Fund, the Federal Reserve Boardâs Discount Window, or both. [11/19]
- Texas CU Drops International Remittances
Texas Trust CU announces its decision to drop international wire transfers due to regulatory changes. [11/19]
- Survey Finds Hunger for Better BYOD Solutions
56% of respondents say their companies are looking to replace their current Bring Your Own Device security solutions. [11/19]
- With No New Supreme Court Case on the Horizon, “Disparate Impact” Is Here to Stay for Awhile
Attorney chimes in on the missed opportunity due to the recent Mt. Holly settlement: "This issue isn't going to go away." [11/18]
