TIPs ADDRESS REPORT PERIOD, NEW BILL
updated 04/30/13 08:55 AM
League Bulletins Help You Prepare
New TIPs Bulletins published by the California and Nevada Credit Union Leagues have been posted on the Leagues' website regarding California's report-and-remit period, as well as the Federal Reserve's recently announced 100-dollar bill redesign efforts.
TIPs Bulletin 13-25 provides details regarding the upcoming report-and-remit period for credit unions holding property for members whose last known address is in California.
The upcoming report and remit period is the second of a two-part process which includes reporting unclaimed property to the California State Controller’s Office on Nov. 1; and then, between June 1-15 of the following year, reporting and remitting any property that has not been reunited with its owner.
NEW 100-DOLLAR NOTE
TIPs Bulletin 13-24 gives information credit unions should be aware of regarding the Federal Reserve's recently announced 100-dollar bill redesign. The new design was unveiled in 2010, but its introduction was postponed following an unexpected production delay.
To ensure a smooth transition to the redesigned note when it begins circulating in October, the U.S. Currency Education Program is reaching out to businesses and consumers around the world to raise awareness about the new design and inform them about how to use its security features.
GAIN EXPERIENCE ON LEAGUE COMMITTEE updated
09/15/14 01:21 PM
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LEAGUE ADVOCACY BLOG GAINS TRACTION updated
09/12/14 04:13 PM
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The new Advocacy Blog launched by the California and Nevada Credit Union Leagues in August is gaining steam as more credit union advocacy professionals and others in the industry continue signing up to receive e-mail alerts on important state and federal updates.
FOCUSED ON 'ONE TO ONE' RELATIONSHIP updated
09/12/14 02:01 PM
Printing Industries CU
Susan Conjurski’s biggest hurdle is making sure her credit union keeps a competitive edge with larger financial institutions—a task that’s “quite a challenge,” she says.
PENALTY POLICY: SMALL VS LARGE CUs updated
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Federal Reserve’s Impact
The Federal Reserve’s ultra-low interest rate policy created the desired impact when it was instituted in 2008. Short-term funding costs plunged for financial institutions, allowing them to cheaply fund higher-yielding assets and restore capital.