A resource for credit unions in CA & NV, providing credit union financial and economic trend analysis, brought to you by your Leagues in partnership with CUNA & Affiliates.
Answers to your crucial questions can be less than one business day away. Post your question here, and a talented compliance professional will get back to you quickly! Or if you prefer, call the PolicyWorks compliance hotline to speak directly with our knowledgeable consultants.
Compliance Hotline: (844) 731-6072
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These two lists (click here) have been generated from financial institutions in existence on Dec. 31, 2012, according to available data.
Financial institutions have been grouped into two categories—"Exempt" and "Not Exempt"—based on the determination that an individual institution, together with its affiliates, has either more or less than $10 billion in assets.
If a financial institution believes any information is not accurate, it may file a correction request by emailing IssuerExemptionListsRegII@frb.gov.
Secondary Capital Webinar
The National Credit Union Administration (NCUA) will host a free webinar, “Will Secondary Capital Work for You?,” on July 31 at 11 a.m. (Pacific).
Click here to register for this free webinar. Participants will also use this link to log into the webinar. Registrants should allow pop-ups from this website.
Staff members from the Office of Small Credit Union Initiatives (OSCUI) and Region III’s Division of Supervision will detail NCUA’s requirements for low-income designated credit unions to secure and use secondary capital.
Webinar participants will also hear from a credit union manager who utilizes secondary capital to supplement the credit union’s net worth and better serve its low-income field of membership.
Participants may submit questions in advance by emailing WebinarQuestions@ncua.gov. The subject line of the email should read Secondary Capital Webinar.
If you have technical questions about accessing the webinar, you can email firstname.lastname@example.org
TIPs Bulletin: Escheatment of Custodial Accounts
A new TIPs Bulletin has been posted by the California and Nevada Credit Union Leagues' Research and Information team!
TIPs Bulletin 13-35 reviews how the California Credit Union League has worked with State Controller John Chiang's office to clarify confusion regarding custodial accounts escheated to the state.
FINCEN ISSUES CDD FAQs
updated 07/25/16 10:52 AM
Plus, HMDA Resources Published
The Financial Crimes Enforcement Network (FinCEN) issued Frequently Asked Questions to help financial institutions, including credit unions, understand the scope of the new Customer Due Diligence (CDD) Requirements that were published in May. The CDD rules became effective on July 11, 2016 with compliance required by May 11, 2018.
CFPB PAYDAY LOANS WEBINAR
updated 07/18/16 02:40 PM
And, CUNA/League Compliance Tools
The Consumer Financial Protection Bureau (CFPB) is hosting a webinar on the recent Notice of Proposed Rulemaking on Payday, Vehicle Title, and Certain High-Cost Installment Loans on July 26.