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Current News

Relevant Information—For You, By You
Arnould Ramirez, Research and Information Consultant for the California and Nevada Credit Union Leagues

VOLUNTEER GIFTS: WHAT THE LAW SAYS
updated 10/07/13 01:44 PM
CUs Should Seek Counsel
This year, some credit unions may return to giving members of their board, credit committee, and supervisory committee a small Christmas gift.

These gifts are intended as an expression of appreciation for the many hours contributed by these volunteers.

But in general, compensation for board members, credit committee members, and supervisory committee members is restricted.

Click here to continue reading the latest Research & Information column on Page 19 within the October/November edition of Credit Union Digest

 
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WEEKLY E-FILING BILL SIGNED INTO LAW updated 08/28/14 02:18 PM
Will Streamline Reports for CUs
California Gov. Jerry Brown has signed Assembly Bill 2298, legislation that will allow financial institutions which hold local agency deposits to submit their weekly reports to the California Department of Business Oversight (DBO) electronically rather than through U.S. mail.

NEW STATE LAWMAKERS SHAPE DIRECTION updated 08/27/14 08:24 PM
California Assembly and Senate
New leadership in California will help form the state’s priorities in the coming years. Here’s what your credit union needs to know:

CFPB ISSUES FINAL 'TILA' ADJUSTMENTS updated 08/24/14 11:35 AM
Rule Reviews Dollar Amounts
The Consumer Financial Protection Bureau (CFPB) is issuing its final rule on Truth in Lending Act (TILA) annual threshold adjustments, amending the regulatory text and official interpretations for Regulation Z, which implements TILA.

NIGHTTIME GOLF TOURNAMENT COMING updated 08/22/14 04:41 PM
Funds Benefit League PAC
Beat the heat and golf by moonlight! The Southern Nevada Chapter of the Nevada Credit Union League is bringing back the PAC Nighttime Golf Tournament on Saturday, Oct. 4 at the Boulder City Municipal Golf Course. Shotgun start is at 6:30 p.m.