Compliance Center: Federal Regulators Issue Joint Statement on the New CECL Accounting Standard

New statement covers initial information on new FASB accounting standard ASU 2016-13, for estimating allowance for credit losses.

Emerging Leaders, Session 3: Truly Effective Leaders Seek out the Assessments of Others

Jeremy Sankwich reports on the third Emerging Leaders session: Assessments grounded in tangible examples help leaders grow.

A Look Back at Compliance Issues in 2013

Without a doubt, 2013 may have been one of the most challenging years ever for dealing with new compliance requirements.

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Measuring the Success of Your IT Security Program

It may be difficult to measure the ROI on your credit union’s IT security program, but if you have solid answers to some key questions, you can make the case for keeping your budget and plan in place. In this week’s Strategic Link report, business partner Network Computing Architects, Inc. offers some tips.

Legal Briefs

Your weekly update on the regulatory landscape.

Reminder: Two Mortgage Rules are Effective on June 1, 2013

Two important mortgage rules take effect June 1, 2013. They concern higher priced mortgage loan escrow accounts and mandatory arbitration agreements.

Credit Union Directors to Learn Effective Governance Model at Volunteers’ Conference

Credit union directors will be more effective if they understand the difference between governance and management, and which of those roles they should play. Steve Winninger, a renowned credit union industry consultant, will enlighten directors by sharing the Policy Governance® model at the NWCUA Volunteers’ Conference June 7-9.

Legal Briefs

Your weekly update on the regulatory landscape.

Legal Briefs

Your weekly update on the regulatory landscape.

Regulatory Cliff Now Has an Extended Effective Date

The CFPB extended the effective date for several mortgage disclosures that are required by the Dodd-Frank Act to Jan. 21, 2013, delaying several of the act’s provisions until the final TILA-RESPA rules are in effect.

Resources to Make Your Financial Education Outreach More Effective

Financial literacy outreach is in credit unions’ DNA and is often a major focus for staff. Resources already available for presentations will be showcased at a breakout session at the Convention and Annual Business Meeting in Vancouver on Oct. 3, 2012.

Reminder: Exclusivity and Routing Rules Effective April 1

As required by the Dodd-Frank Act and the Federal Reserve’s Regulation II, debit cards now must have at least two unaffiliated networks. The network exclusivity and routing requirements came into effect on April 1.

Oregon DMV to Increase License Plate Fee

The Oregon DMV will begin collecting $24 per pair of license plates issued on April 1, 2012.

Legal Briefs

Your weekly rundown on the regulatory landscape.

Reminder: Effective Date of Employee Rights Notice

As of Jan. 31, 2012, most private sector employers will be required to post a notice advising employees of their rights under the National Labor Relations Act.

Regulation Z Impacts ‘Skip-a-Payment’ Programs

Many credit unions offer “skip-a-payment” programs to their members, particularly during the holiday season, but changes to Regulation Z have impacted the regulation and reporting associated with these programs.

Dunn to Lay Out Keys to Becoming Politically Effective

Michael Dunn is scheduled to address the Northwest Credit Union Association’s Convention and Annual Business Meeting in September.

4 Ms Necessary for Successful Marketing

Miss connecting on even one of the Ms, and you will be scratching your head wondering why you are getting beaten up by your competition.