TIPs: IRS FORM, STATE ESCHEAT PERIOD
updated 05/03/14 10:40 AM
Also, CUSO Rule Reminder
Two new TIPs Bulletins (Technical Information and Procedures) have been posted regarding California’s report-and-remit period for unclaimed property and the IRS’s Form 990 filing deadline.
TIPs Bulletin 14-08 highlights how the upcoming report-and-remit period is the second of a two-part process by the California State Controller’s Office.
Reminders and resources are provided regarding the UFS-1 form, correct listings of property owners, standard NAUPA II reporting (National Association of Unclaimed Property Administrators), paper reporting, remitting, and reporting to other states.
TIPs Bulletin 14-09 reviews how state-licensed/chartered credit unions must file IRS Form 990-Return of Organization Exempt from Income Tax, or file for an automatic three-month extension by May 15 (or by the 15th day of the fifth month after the credit union’s accounting period ends).
This bulletin includes helpful information surrounding the due date, exemption for federal credit unions, electronic filing, penalties, and other pertinent resources.
CUSO Rule Reminder
As a reminder, the National Credit Union Administration’s (NCUA) final rule to amend its credit union service organization (CUSO) regulation takes effect June 30.
The agency says the rule will increase transparency and address certain safety and soundness concerns.
HIKE THE HILL: A 'PRODUCTIVE' TRIP updated
09/23/14 01:41 PM
Leagues Host Meetings With Lawmakers
Dozens of meetings transpired between policymakers and credit union leaders from California and Nevada during the autumn “Hike the Hill” in Washington, D.C. last week—a period which also happened to be the last regular congressional session.
CUs MEET WITH NCUA, CFPB OFFICIALS updated
09/22/14 04:20 PM
Leaders Encouraged by Visits
California and Nevada credit union leaders were encouraged by visits with two National Credit Union Administration (NCUA) board members and officials from the Consumer Financial Protection Bureau (CFPB) last week during the industry’s annual “Hike the Hill” visit in Washington, D.C., which focused on meeting with regulators and legislators alike.
2Q CU PERFORMANCE REPORTS PUBLISHED updated
09/18/14 12:29 PM
California and Nevada Snapshot
The second-quarter 2014 Credit Union Quarterly Performance Reports for California and Nevada have been published by the California and Nevada Credit Union Leagues.
EXPERTS GIVE STRATEGIC ADVICE updated
09/18/14 11:26 AM
Your Problem: Solved
Risk-based pricing (compliance), creating an operational plan (strategic planning), and making a solid value proposition (marketing) are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest.