Compliance Center: Washington State DCU Releases 2015 Examination Priorities

DCU’s six 2015 exam priorities; question about ChexSystems report requests answered; and legal briefs.

Having an Impact: Does Committee Service Really Matter?

With the NWCUA announcing its committee rosters for 2014 this week, Anthem asked Scott Burgess, Rivermark Community Credit Union’s president and CEO, to reflect on the Oregon Governmental Affairs Committee’s accomplishments in 2013 and look forward to the coming year, when he’ll return as its co-chair.

Affordable Care Act: Five Things Credit Unions Need to Know and Do Now

Health care reform has triggered changes employers need to make. Some of the deadlines and opportunities are immediate. A checklist of important steps should be on your action plan now.

Compliance Question of the Week

What activities are considered “suspicious” when I’m considering whether or not to file a SAR?

Standard Flood Hazard Determination Form Revised

The Standard Flood Hazard Determination Form has been revised. The agency will be allowing users a three-year transition period ending May 30, 2015, so user systems can be changed before final adoption of the form is required.

Two Washington Credit Unions Approve Prize Linked Savings Programs

As Washington’s prize-linked savings program continues to build steam, with two Washington credit unions pledging to offer programs in 2013 and more continuing due diligence, the Nebraska credit unions that launched programs this year have surpassed the million-dollar milestone.

NCUA Cancels Third Open Meeting, Delays CUSO Final Rule

The NCUA vote scheduled for today on the proposed rule requiring all CUSOs to submit financial reports to the NCUA has been cancelled, likely moving to next month a possible decision.

Comments Received on Corporate Prepayment Program to Be Made Public

Unless it hears concerns about making the comments public on or before June 10, the NCUA will post all comments on its website. Comments on the prepayment program accepted until June 20.

FASB Clarifies TDRs

CPA Daren B. Tanner clarifies recent changes to Troubled Debt Restructuring after FASB released a new update.

Legal Briefs

Your update on the regulatory landscape.

2011 HMDA Requirements Outlined by NCUA

The National Credit Union Administration in its Regulatory Alert No. 11-RA-02 is reminding credit unions that engage in residential mortgage lending of their 2011 reporting obligations under the Home Mortgage Disclosure Act.