Low Membership Voter Turnout Results in Failure of Montana First–Horizon Credit Union Merger

A board-approved inter-state merger with Washington-based Horizon Credit Union fails, with less than 20 percent of Montana First members voting.

Potential WesCorp Successor SunCorp to Host Informational Town Hall Webinars

As a likely successor to WesCorp, Colorado-based SunCorp is inviting credit unions to explore the benefits of membership through two upcoming town hall webinars for prospective members.

FinCEN Releases Technical E-Filing Specs for New CTR and SAR and Announces Informational Webinar

FinCEN has released electronic filing requirements for the Currency Transaction Report (CTR) and Suspicious Activity Report (SAR). The BSA E-Filing system will begin accepting batch filings matching the specifications for the new CTR and SAR in December 2011.

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.