Mechanical Breakdown Insurance Benefits Member and Credit Unions

Guest writer John Vincent details the emergence of mechanical breakdown insurance and how it could benefit credit unions and members, alike.

Compliance Center: NCUA Releases Regulatory Alert on IOLTAs and CUSO Registry Will Open in February

NCUA provides updated guidance on enhanced share insurance coverage for IOLTA and other similar escrow accounts; your question answered about safe deposit boxes and BSA compliance, plus this week’s legal briefs.

If Your Member Crashes While Driving for Uber, Is Your Loan Covered?

CUNA Mutual Group debuts enhanced Collateral Protection to cover loan losses due to member participation in Uber, Lyft, and other transportation network companies.

Amplify Opens with All-Star Lineup on Advocacy, Regulatory Relief, and Innovation

The opening General Session of the NWCUA’s Amplify Convention featured presentations by CUNA President and CEO Jim Nussle, Oregon Speaker of the House Tina Kotek, NCUA Vice Chair Rick Metsger, and Filene CEO Mark Meyer.

It’s not IF—It’s WHEN: Prepare Your Credit Union for Data Breach Aftermath

With data breaches becoming an unavoidable feature of the financial landscape, CUNA Mutual Group points out key risk areas for credit unions.

Multiple Agencies Release Interagency Statement on Maximum Flood Insurance Coverage

Federal agencies, including the National Credit Union Administration (NCUA), have released an interagency statement on the increased maximum flood insurance coverage for other residential buildings. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “When do we need to obtain an appraisal?”

Community Engagement in the New Age in Spotlight at NWCUA Marketers’ Conference

When a community engagement campaign is done correctly, everyone wins. In a fast-paced presentation at the NWCUA Marketers’ Conference on May 7-8, the president of a Portland-based PR agency will show attendees how to combine public relations, social media and community relations to execute an effective campaign.

NWCUA Puts Health Care Benefits Plan to the Test; Thumbs Up!

With all of the focus on the Affordable Care Act, the NWCUA put its own health care benefits package to the test – and it passed. The coverage plan meets the desired criteria of quality coverage, minimal annual increases and substantial savings, thanks to the aggregate buying power offered by The Trust.

NCUA Issues Request for Comment on Proposed Flood Insurance

Credit unions have until Dec. 10 to comment on a proposed NCUA rule that would implement provisions of the Biggert-Waters Flood Insurance Reform Act of 2012 that deal with private flood insurance, the escrow of flood insurance payments, and the forced-placement of flood insurance.

Myths Vs. Facts: How Does the Affordable Care Act Affect Employers and Consumers?

The Affordable Care Act may be the most significant overhaul of the health care system since Medicare and Medicaid were introduced in 1965. It also ushers in a series of changes that employers such as credit unions must make, and a need for consumers to do their homework. Here’s a look at some of the myths and facts surrounding the new law, with help from NWCUA’s Strategic Link partner and benefits provider, The Trust.

Bringing Awareness to the Need for AD&D Protection

For members under age 44, accidents are the leading cause of death. Fortunately, getting AD&D coverage is much easier than it used to be—especially with simplified online applications. CUNA Mutual provides details in this week’s Strategic Link business partner article.

NCUA Releases Interagency Statement Outlining Impact of Biggert-Waters Act

A joint statement issued by the NCUA and other federal agencies discusses the effective dates of certain provisions of the Biggert-Waters Flood Insurance Reform Act of 2012, as well as the act’s effect on the agencies’ proposed Interagency Questions and Answers.

An Inside Look at How Spikes in Media Coverage Affect Visits to aSmarterChoice.org

The more often aSmarterChoice.org is seen in the media, at the top of search engines, and via social media, the easier it is for people to find a credit unioto join. Oregon and Washingtonn residents combined to make more than 20,000 visits to the site in 2012.

Strategic Link Question of the Week

An individual used a shared-branch kiosk located at a convenience store and accessed a member’s account without authorization. Numerous unauthorized withdrawals were made on the member’s account. Does our insurance cover that?

Reminder: Unlimited Share Insurance Set to Expire Dec. 31

Temporary unlimited share insurance coverage for noninterest-bearing transaction accounts was one of the provisions that came out of the Dodd-Frank Act, and unless Congress passes legislation to amend the current rules, it will no longer be available beginning Jan. 1, 2013.

Rogue Federal Masters Low-Cost Media Coverage and Event Ownership

From soup to nuts, Rogue Federal is large and in charge of community events and media coverage in Medford. What’s the secret sauce? Read on to find out.

CUNA’s Magill Tells Reuters that TAG, MBL Bills May Move in Combination

An article in Reuters yesterday about the banks’ push to extend TAG coverage quoted CUNA’s John Magill, who said senators have indicated that “marrying TAG, which the banks really want, with the MBL bill, which we are lobbying for, would work.”

House Committee to Examine Dodd-Frank Impact as Banks Reveal Possible Piggyback for MBL Bill

The House Financial Services Committee is examining Dodd-Frank’s impact this week as the Wall Street reform package celebrates its second anniversary. Meanwhile, advocates are exploring packaging S. 2231 with a bill to extend banks’ TAG insurance.