InfoSight eNewsletter
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NCUA releases 2021 Credit Union Diversity Self-Assessment results
The National Credit Union Administration released the results of the 2021 Credit Union Diversity Self-Assessment (CUDSA). The NCUA administers the voluntary CUDSA as a tool to help federally insured credit unions assess, guide, and monitor their diversity, equity, and inclusion efforts and compare their progress with peer organizations.
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Notice of Cancelled Meeting
The Aug. 16 Oklahoma State Credit Union Board meeting has been cancelled. -
Finding a Unicorn is Pretty Rare
As credit unions continue to grow and open branches with members in different states, it’s important to have a tool that provides summaries of state laws that impact credit unions. -
Registration Open for NCUA’s Bank Secrecy Act Webinar for Small Credit Unions
The National Credit Union Administration is hosting a webinar on Aug. 24 to discuss Bank Secrecy Act trends and challenges and provide credit unions with valuable updates on BSA compliance. -
NCUA Charters WeDevelopment Federal Credit Union
The National Credit Union Administration has granted a federal charter and Share Insurance Fund coverage to WeDevelopment Federal Credit Union in Kansas City, Mo. -
Agencies Invite Comment on Proposed Commercial Real Estate Loan Workouts and Accommodations Statement
The National Credit Union Administration, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency, in consultation with state bank and credit union regulators, are inviting public comment on a proposed policy statement for prudent commercial real estate (CRE) loan accommodations and workouts. -
Question of the Week
Question: We had a person come in asking for the funds in her deceased husband’s single-owner account. She is presenting an unprobated will that lists her as the person to receive his assets, but the account has a POD that is not the wife. Is the wife entitled to the money? Answer: You don’t know. A will is not valid until it is probated. -
RecoveryPro - Business Continuity Planning
Are you prepared for workflow interruptions? From pandemics to power outages, RecoveryPro is here to help you prepare for the unexpected and keep your credit union running and your employees, members, and assets safe. -
2022 International Credit Union Day theme announced
This year’s theme for International Credit Union Day is “Empower Your Financial Future with a Credit Union,” which will take place on Thursday, Oct. 20. -
CDFI Fund Update on CDFI Certification Application Process
In May 2020, the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) requested public comment on the application and reporting requirements for Certified Community Development Financial Institutions (CDFIs). -
CFPB and Justice Department Caution Auto Finance Companies about Servicemember Protections
The Department of Justice and the Consumer Financial Protection Bureau issued a joint letter reminding auto finance companies of their responsibilities to recognize important legal protections for military families under the Servicemembers Civil Relief Act (SCRA).
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