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.
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|January 16, 2015|
|TIPs Bulletin #15-02||2015 Information Returns and Disclosures|
|January 15, 2015|
|TIPs Bulletin #15-01||Important Reminder: Limitation on Credit Card / Unsecured Open-end Credit Late Fees (CA Financial Code 4001)|
|December 31, 2014|
|TIPs Bulletin #14-35||Truth in Lending (Regulation Z) Adjustment to Asset-Size Exemption Threshold for Escrow Accounts for Higher-priced Mortgages|
|TIPs Bulletin #14-34||Home Mortgage Disclosure (Regularion C) Adjustment to Asset-Size Exemption Threshold|
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.
The importance of Bank Secrecy Act compliance cannot be overstated. An insufficient BSA compliance program may expose a credit union to reputation risk, such as manipulation by unscrupulous money launderers, undermine the integrity of the financial system or even threaten national security.
Diane Rector—training manager and economic development specialist supervisor with NCUA’s Office of Small Credit Union Initiatives (OSCUI)—will host Jane Pannier, Esq., senior vice president and in-house counsel for Neighbor Bench, LLC, and Judy Graham, program officer with NCUA’s Office of Examination and Insurance. The panel will cover key areas of concern for a well-developed BSA program, including:
A certificate of training will be given to attendees who successfully complete the test offered at the end of the webinar. This webinar will be archived and closed-captioned approximately two to three weeks following the live event at http://www.ncua.gov/News/Videos/Pages/default.aspx.
Registration for this free webinar is now open. Click here to register. Participants will also use this 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, BSA-MSB Webinar. Participants with technical questions about accessing the webinar may email firstname.lastname@example.org.
NCUA’s OSCUI fosters credit union development and the effective delivery of financial services for small credit unions, new credit unions, and credit unions with a low-income designation.
ELECTRONIC DBO FILING
updated 01/16/15 04:35 PM
TIPs Bulletins; Cuban Asset Reg.
The Department of Business Oversight (DBO) has standardized electronic forms for weekly and quarterly reporting of local agency deposits and securities, allowing financial institutions to submit their weekly reports to the DBO electronically rather than through the U.S. mail. This change was made possible by Assembly Bill 2298, which took effect Jan. 1.
NCUA SUPERVISORY PRIORITIES FOR 2015
updated 01/13/15 09:35 AM
Additional MSB Guidance
The National Credit Union Administration (NCUA) sent a letter to federally-insured credit unions on its supervisory priorities for 2015. The letter is intended to assist credit unions in preparation for 2015 examinations.