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InfoSight Highlight: IRS Form 1099-INT
Friday, December 15, 2017 7:00 AM

IRS Form 1099-INT must be filed for each person for whom the credit union pays $10 or more in interest during the calendar year. Although federal (and many state-chartered) credit unions pay members “dividends” by definition, for purposes of IRS information returns, credit union dividends are treated as “interest” and must be reported to the government each year on IRS Form 1099-INT.

Legislative and Congressional Candidates Set for 2018 Texas Elections
Friday, December 15, 2017 6:55 AM

The candidate filing period in Texas closed Dec. 11 for the primary election that will be held March 6, 2018. Early voting begins Tuesday, Feb. 20, and ends March 2.

Fort Worth Chapter Hosts 27th Annual School Carnivals
Friday, December 15, 2017 6:50 AM

The Fort Worth Chapter of Credit Unions held their 27th annual Elementary School Christmas Carnivals on Dec. 6 and Dec. 12. Using donations from chapter credit unions, vendors, and preferred partners, they were able to provide goody bags with snacks, toys, crayons, and educational coloring books, and even toothbrushes for approximately 1,300 children at two elementary schools within the community of Fort Worth.

House Helps Consumers Cope with Voluminous Privacy Notices
Friday, December 15, 2017 6:45 AM

The House of Representatives passed an important bipartisan piece of legislation from the Financial Services Committee on Thursday that would cut outdated Washington regulations.

Emergency Mergers and Reorganization Rules Adopted at NCUA Board Meeting
Friday, December 15, 2017 6:40 AM

The National Credit Union Administration Board met Thursday for its December open board meeting with a brief agenda. The board voted to finalize rules on emergency mergers and agency reorganization.

Is Your Credit Union Prepared for These Emerging Risks?
Friday, December 15, 2017 6:35 AM

For many credit unions, identifying, assessing, and mitigating risks can be a challenge, considering nearly every aspect of the business can pose a risk. While some credit unions have a solid strategy for recognizing existing risk and anticipating emerging ones, others are less proactive in their pursuit of risk mitigation.

Line Up Staff Training for 2018 with Webinars
Friday, December 15, 2017 6:30 AM

Thinking about staff and management training for next year? Great! It's the perfect time, and Cornerstone is offering a great option to add to the mix. Stretch your education budget with CU Web Training.