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 Callahan & Associates.
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|March 05, 2014|
|TIPs Bulletin #14-07||New Derivatives Rule|
|February 28, 2014|
|TIPs Bulletin #14-06||Charitable Donation Accounts|
|February 10, 2014|
|TIPs Bulletin #14-05||2013 California Legislative Summaries|
Shared Compliance Services
CURoots offers a variety of services to help you keep pace with ever-changing regulatory compliance while you focus on day-to-day credit union business.
Internal Audit Services
CURoots can help your credit union identify potential issues, assess risk, and save valuable time and resources by providing expert assistance for your auditing needs.
Staff from OSCUI and NCUA Region IV's Division of Special Actions will explain the agency’s requirements for a successful member business lending program. Webinar participants will also hear from a credit union business development specialist who will discuss, step-by-step, how to start a safe and sound program.
This webinar is open to credit unions of all asset sizes. Click here to register. Participants will use this same link to log into the webinar. Registrants should allow pop-ups from this website.
Participants may submit questions in advance at WebinarQuestions@ncua.gov. The subject line of the email should read Strategy and Policy. For technical questions about accessing the webinar, email email@example.com.
Common-Bond Advertising Letter Issued
Following the NCUA's Letter to Credit Unions on common bond advertising requirements, federal credit unions with associational memberships are being urged to review their policies and practices, as they do periodically, to ensure their continued compliance with federal regulation.
CUNA is currently working with the NCUA to determine how many federal credit unions offer membership through an association.
The letter, which doesn't apply to state-chartered credit unions, addressed common-bond requirements in the Federal Credit Union Act and NCUA rules; requirements for accuracy of advertising in NCUA rules; and consequences of failing to comply with these requirements.
CFPB Law on Consumer Report 'Furnishers'
Companies—including credit unions, which supply information to credit rating companies—are being reminded by the Consumer Financial Protection Bureau (CFPB) of their legal responsibilities when it comes to consumer disputes.
The CFPB is issuing a bulletin targeted at these companies, called "furnishers," making it clear that they are responsible for investigating consumer disputes forwarded by the consumer reporting companies.
The Credit Union National Association (CUNA) is talking with the CFPB about the bulletin and how associated regulatory burdens for credit unions can be minimized.
Click here to view information regarding the Fair Credit Reporting Act's requirement to investigate disputes and review all relevant information provided by consumer reporting agencies about the dispute.
TIPs, 'INFOSIGHT,' AND CFPB PUBS
updated 03/11/14 09:12 AM
Resources for Your Credit Union
Two new TIPs Bulletins (Technical Information and Procedures) have been posted regarding a new derivatives rule and charitable donation accounts on the California and Nevada Credit Union Leagues’ website for compliance managers at credit unions.
NCUA WEBINAR: BANK SECRECY ACT
updated 03/03/14 02:26 PM
Certificate for Successful Completion
Credit union managers and compliance staff will be able to learn more about Bank Secrecy Act compliance during a free webinar, BSA-MSB Training: What You Need to Know, hosted by the National Credit Union Administration (NCUA) on March 19 at 11 a.m. (Pacific).