Mountain West News
CUNA Seeks Comment on NCUA Liquidity Rule Changes |

The National Credit Union Administration is seeking public comment on potential emergency liquidity regulations for federally-insured credit unions, and CUNA has asked credit unions to add their voices to a pending comment letter on this NCUA proposal.  More

Small Biz Survey Shows Need for MBL Increase |

A survey, released yesterday and executed by the Small Business Majority, shows 90% of small business owner respondents want credit unions and community banks to be permitted to lend more to small businesses. More

Changes to filing CTRs and SARs under the Bank Secrecy Act |

As you may be aware, on December 20, 2011, FinCEN announced that the deadline for financial institutions to require the use of FinCEN’s new electronic filing process for CTRs and SARs is extended from June 30, 2012 to March 31, 2013.
 
http://www.fincen.gov/whatsnew/html/20111220.html

Note!  This regulation is “preliminary” at this point.  There are a number of webinars beginning to be offered on this topic.  However, the revised forms and details for filing are not yet available.  Substantial action is not required by credit unions at this point!  When the relevant information is published, we will schedule a timely webinar.  Our goal is to make the most of your training dollars!  You need not attend a “preliminary” webinar and yet another webinar when the final rules and forms are issued.

You can count on Mountain West Credit Union Association to keep you informed.  Watch your email for upcoming webinars or click here to view the entire schedule.

CUNA Says Rate Risk Rule Is "Overkill" |

New National Credit Union Administration interest rate risk regulations are "regulatory overkill" and only increase "the already hefty regulatory burden on credit unions," CUNA President/CEO Bill Cheney said following Thursday's NCUA open board meeting.  More

Small Biz Survey Shows Need For MBL Increase |


A survey, released yesterday and executed by the Small Business Majority, shows 90% of small business owner respondents want credit unions and community banks to be permitted to lend more to small businesses.  More

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