Cornerstone Credit Union League has sent its comment letter to the National Credit Union Administration regarding its proposal to modernize data collection for supervision of credit unions.

Cornerstone Credit Union League has sent its comment letter to the National Credit Union Administration regarding its proposed changes to part 709 of its rules. 

As we all know, beginning May 11, 2018, credit unions will be required to obtain identifying information about the beneficial owners of their legal entity accounts. 

The following table shows pending regulatory proposals quickly coming to deadline. Cornerstone and Credit Union National Association will be submitting comments. Credit unions are encouraged to use PowerComment to file comment letters with regulators.

Federally insured credit unions now can find online information about calculating and recording the planned Share Insurance Fund equity distribution from the National Credit Union Administration.

The Consumer Financial Protection Bureau yesterday issued a Request for Information on the Bureau’s guidance and implementation support. The Bureau is seeking comments and information from interested parties to assist in assessing the overall effectiveness and accessibility of its guidance materials and activities, including implementation support.

The ALM fundamentals workshop is a full-day session specifically designed as a bonus opportunity for board members attending the Cornerstone CU League Annual Meeting in Little Rock, Ark., to increase or refresh their ALM knowledge. Southwest CUNA Management School students, credit union management, and ALCO members will find this information valuable as well.

Volunteers take care of business every day. To continue at their best on behalf of their credit union, its staff, and members, credit union volunteers need to continually update and refresh their skills through training on the latest trends, best practices, and innovations. The annual Credit Union Volunteers Forum is the perfect opportunity to fulfill many aspects of that educational need. 

Oklahoma credit union advocates are encouraged to attend a special meeting on Wednesday, April 4, that will focus on federal issues. Oklahoma Credit Union Association President Nate Webb will lead the meeting with Alaura Ervin, legislative assistant on financial services to Congressman Steve Russell, at the Credit Union House in Oklahoma City.

We all know some credit union superstars, but how often do they receive the praise they've earned? Make sure the compliance professional you know gets a chance to be rewarded. Submit the name of your worthy nominee for the Compliance Professional of the Year award before Friday, May 25.