Experts agree a blanket policy of adding an amount should be avoided, but that credit unions should also ask questions.
Differences in opinions will continue until Department of Justice provides clear website expectations.
New Risk Management Council provides credit union professionals with information, discussion, and best practices to reduce areas of risk.
Amendment includes proof of period of military service for purposes of interest rate reduction under the SCRA.
Six regular meetings in a calendar year, with at least one per quarter, are required.
Examiners will continue using streamlined small credit union exam program procedures for those under $50 million in assets.
When the flood insurance program is unavailable, credit unions may continue to make loans subject to the Flood Act without flood insurance.
Accuity has begun sending requests to the financial institution community and volume is soon to increase.
Federally insured credit unions are required to have plans in place to address all types of operational disruptions.
The project is a follow-up to the review of regulations under the Economic Growth and Regulatory Paperwork Reduction Act.
Under the proposal, salary threshold could increase between 2 and 2.5 times the minimum wage starting in 2020.
Feedback meetings to be held throughout the state Nov. 27, 28, and 29.
Credit unions will begin seeing new card design in December.
Defines the inexact term “regular” as it applies to the number of board meeting under the act.