CUNA Mutual Answers Volunteer Indemnification FAQs

With volunteers’ fiduciary duties changing, CUNA Mutual suggests questions to ask your liability policy provider about your D&O coverage.

Oregon, Washington Foundations Signal Intent to Merge

After careful consideration, the Oregon Credit Union Foundation and the Washington Credit Union Foundation Boards of Directors have signed a letter of intent to merge.

Federal Legislative Week in Review

Credit unions have generated more than 85,000 grassroots contacts on interchange over the past three weeks, and CUNA has called a national teleconference for Wednesday, April 13.

IRS Issues Interim Guidance on Informational Reporting of Employer-Sponsored Health Coverage

The IRS emphasizes that this new reporting to employees is for their information only, and does not cause excludable employer-provided health coverage to become taxable.

Compliance Question of the Week

What is the ADA definition of a service animal?

Member & Chapter News – April 7,2011

Read about members making the news, including a new CEO appointment and a Volunteer of the Year Award. Also, information about two upcoming chapter meetings.

Stay Lifted from Loan Originator Compensation Rules

A U.S. Court of Appeals lifted a stay on the implementation of the Federal Reserve’s Regulation Z Loan Originator Compensation final rule, meaning the new rule will come into effect today.

Federal Legislative Week in Review

It was another busy week in Washington, D.C. We continue to see action and movement on two of our key issues at the federal level.

Avoid ATM Fee Disclosure Lawsuits with Proper Monitoring

An escalating number of class action lawsuits filed against credit unions for failing to comply with Regulation E requirements for disclosing ATM fees has triggered a significant risk concern for credit unions.

NWCUA Offering Required FCU Director Training

the Northwest Credit Union Association (NWCUA) is offering the required training to help your board of directors to obtain a minimum ability to read a credit union income statement and balance sheet.

Washington State GAC Draws More Than 120

The Northwest Credit Union Association’s Washington Government Affairs Conference drew more than 120 participants from around the region last week to learn about new legislation and lobby the state legislature on credit union supported bills.

Compliance Question of the Week

When does the Dodd-Frank Act provision that changes the amount of next-day available funds to $200 go into effect?

A Solution to the Proposed Caps on Interchange Fees

Recent reports indicate that as a result of the Dodd-Frank Wall Street Reform and Consumer Protection Act, passed in 2010, the Federal Reserve is proposing rules that would lower interchange fees on debit card transactions to 12 cents per transaction.

Industry Continues to Press for Change on New Regulations

With credit unions and banks aligned in their efforts to convince regulators and lawmakers to delay implementation of restrictions
on debit card interchange fees, the Federal Reserve Board has stated that any attempt to amend or delay the controversial rule is out of its hands and must start with Congress.