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Two Upcoming Labor Rule Compliance Dates That CUs Should Keep in Mind

Also, the latest legal briefs from the federal level and your compliance question of the week, answered.

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NCUA Exam Workgroup Recommendations Released

The Exam Flexibility Initiative was announced earlier this year, and seeks to streamline exam processes for well-managed, low-risk credit unions.

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DCU Going to Electronic Consumer Complaint Communication

Starting in October, the Washington Dept. of Financial Institutions, Division of Credit Unions, will notify the credit union of the filed complaint through encrypted email with a read receipt upon delivery.

New CUNA Mutual Group CU Trends Report Shows Continued Membership, Loan Growth

The report offers an economic outlook for credit unions and their leaders.

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Compliance Center: NCUA Outlines Plans for Adding ‘S’ to Credit Union CAMEL Ratings

The addition would represent ‘sensitivity to market risk,’ and will require changes to NCUA systems.

Recent Filene Report Details How Culture Affects Performance

The report looks at how credit unions can foster a high-performance culture by strengthening their core values, accountability systems, boundaries, and employee selection.

NCUA Notes: State-Level Quarterly Report Shows NW CU Strength

Northwest credit unions continue to lead the way by many metrics, according to the NCUA quarterly report released last week.

Compliance Center: Interagency Guidance on Deposit Reconciliation Practices Released

NCUA, along with four other agencies, released the guidance to address discrepancies that may occur with amounts deposited by a member or customer and the dollar amount credited to that account.

NCUA Board Notes: Comments Needed After Call Report Review Announced

Comments sought as part of a review of NCUA’s Call Report and Credit Union Profile efforts. Also, NCUA to reduce outstanding Stabilization Fund borrowings by sending $700 million to Treasury.

Compliance Center: Small Business Health Care Tax Credit Filing Deadline is May 15

The filing deadline to claim the Small Business Health Care Tax Credit for the 2015 tax year is coming up on May 15, which could lead to big savings for eligible small credit unions. Plus your question on the CFPB’s credit card agreement submission expiration, and this week’s legal briefs.

Compliance Center: CFPB’s Advisory on Preventing Elder Financial Exploitation

How is “financial exploitation” defined in Washington State?

CU Direct Introduces Industry’s First Indirect Lending Benchmark Report

Your Strategic Link business partner, CU Direct has a new tool that could help credit unions improve their lending performance.

Is Your Brand on Instagram? Millennials Are

A new report from marketing firm Brogan & Partners says that Instagram is an ideal platform to reach Millennials, enhance your visual marketing, and increase engagement.

Compliance Center: CFPB Releases Additional Resources to Help With HMDA Rule Changes

Get the latest resources for HMDA implementation; your question answered about opening a conservatorship or guardian account; plus this week’s legal briefs.

Compliance Center: Regulators Release Updates to Unified Agendas

Get details on the updated Unified Agendas of the CFPB, NCUA, and other federal regulatory agencies; your question answered about Reg E claims where no error occurred; plus this week’s legal briefs.

Credit Unions Experience Fastest Loan Growth in Their History

Latest CUNA Mutual Group report highlights record $10.2 billion in loans added by credit unions, plus membership growth hits its fastest rate in two decades.

Partnerships Key in Mobile Services: Boston Fed Report

Research shows that proprietary solutions struggle in the quick flow of innovation, while third-party partnerships hold promise.

Compliance Center: FCC Issues Telemarketing Rulings

Get the scoop on the FCC’s new telemarketing rulings; your question answered about collecting payments from active duty service members; plus this week’s legal briefs.