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NCUA Releases Letter to CUs Regarding Same-Day ACH Payments

The letter reviews the steps credit unions should be taking in order to be ready for the Same-Day ACH payments that will become effective this Friday, September 23rd.

Compliance Center: DOL Releases Final Fiduciary Rule Amendments

The Department of Labor (DOL) recently released the Final Rule defining the circumstances in which a person who provides investment advice in connection with a retirement plan or individual retirement arrangement (IRA) acts as a fiduciary under the Employee Income Security Act (ERISA).

10 Ways to Prepare for a Core Conversion

Technology is the driving force of the financial services industry’s growth, and credit unions are investing in new tech to serve their members. Here are 10 important things to remember when preparing for a core conversion.

Rethink Your Credit Union’s Retirement Plan Goals

CUNA Mutual Group highlights the importance of following through to make sure your employees are actually on track for retirement. Their new website helps you do just that.

Governor Brown Signs Oregon Charter Enhancement Bill Into Law

The bill’s signing marks a successful legislative season for Northwest credit unions and makes a number of strategic enhancements to the Oregon Credit Union Act.

Same Day ACH Payments Approved by NACHA

The plan will result in three daily settlement windows, allowing same-day processing of 99% of ACH payments.

Study: Online Calculators Improve Probability of Saving Enough for Retirement

Do your employees know how much they’ll need to retire? An online calculator takes the guesswork out of retirement planning.

Turn Your Succession Plan Into a Succession Strategy

Choosing a successor isn’t enough. Your credit union needs a plan to retain and recruit top executives to meet your long-term strategic goals.

SB582 Took a Step Forward Passing out of the Senate This Week

Senate Bill 582, legislation to improve the Oregon Credit Union Act, took a step forward passing out of the Senate this week.

ICU Day Toolkit: Everything You Need to Plan, Budget and Get the Boss’ Buy In

International Credit Union Day is Thursday, October 16. It’s not too early to start planning your events. CUNA has some great toolkit resources — including talking points to win over your boss!

Continuity: The Missing Ingredient in Most CEO Succession Plans

Succession planning is a key opportunity for all credit unions. CUNA Mutual Group shares some key steps that can transform your credit union from a training ground for other organizations’ leaders into a place where top talent wants to stay and take the reins.

Three Things That Make Your Disaster Recovery Plan Work

The NCUA requires every credit union to have a disaster recovery plan. But a plan is just words on paper unless you take three important steps. Some guidance is offered in our Strategic Link partner article this week, by CUNA Mutual Group.

Streifel Implores Credit Unions to Gauge Impact of Risk-Based Capital Proposal

Susan Streifel, the president and CEO of Woodstone Credit Union and vice chair of CUNA’s executive committee, says the future of the credit union system rests on the NCUA getting its Risk-Based Capital proposal right. Credit unions should assess the rule’s impact, she says, and let the regulator know how it will affect future performance.

Six Steps to Improving Your Employees’ 401(k) Plan Results

Having a 401(k) is second only to health insurance on employees’ list of most important benefits. If your credit union has already taken the crucial step of having a retirement plan in place, consider these additional steps from CUNA Mutual Group to help employees make good decisions about their plans.

Reminder: Compliance Date for NCUA Emergency Liquidity Rule is March 31

Credit unions have until March 31 to complete their compliance preparations for the National Credit Union Administration’s new Emergency Liquidity Rule. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “Can we require a loan to have automatic payments as a condition of granting the loan?”

Point West Credit Union’s Amy Nelson and Nick Hodson: Ready to Pay It Forward

With 2013 in the rear-view mirror, Anthem asked Northwest credit union presidents and CEOs to reflect on the past, consider what lies ahead and talk about the challenges — and the opportunities — that await credit unions in 2014. Today: Amy Nelson and Nick Hodson, co-CEOs of Point West Credit Union.

Final Regulations Released on Affordable Care Act’s 90-Day Waiting Period

Is your credit union in compliance with the Affordable Care Act’s final requirements for a 90-day waiting period, which were released Feb. 20? Brown & Brown of Washington, which manages The Trust, explains the regulations.

Point West Credit Union Completes Net Worth Restoration Plan

Nick Hodson and Amy Nelson, co-CEOs of Point West Credit Union, announced this week that Point West has completed an approved Net Worth Restoration Plan with the National Credit Union Administration, two years ahead of schedule.