The Leagues provide its Member's First philosophy in communicating "real time" comprehensive news and information. We focus on strategic, operational and the philosophical values of our membership. We work to advocate your interests, and position our member credit unions at the "top" of the financial services community.
View the latest news about credit unions in California, Nevada, and around the nation.
Find current and archived issues of the Leagues' award-winning magazine.
Take a visual journey and explore the faces behind the California and Nevada credit union movement at a number of events, meetings, fundraisers, and conferences!
Catch up on what California and Nevada credit unions are accomplishing within their communities every month!
10/02/15 12:38 PM
is now Novo FCU. Novo is latin for refresh/revive/make anew, fulfilling the board’s parameters
for the name brand to be short, distinctive, and one that better represents the credit union’s mission and its
Click to view the latest Member News
From the Editors of CU Weekly
'FUNNEL ACCOUNT' ADVISORY ISSUED
06/08/14 10:36 AM
FinCEN Guidance on Red Flags
The Financial Crimes Enforcement Network (FinCEN) has issued an advisory to financial institutions regarding the increased use of “funnel accounts” as part of trade-based money laundering (TBML) conducted by criminals following restrictions on U.S. currency transactions in Mexico.
The advisory provides “red flags” that may assist credit unions in identifying and reporting suspicious funnel account activity.
Click here to view the advisory.
The advisory presents the following helpful information:
- Explanation of what a funnel account is.
- Background regarding the most recent issue.
- Typical steps of funnel account activity in conjunction with TBML.
- Funnel account and TBML red flags.
- Guidance for financial institutions.
- Contact and hotline information.