Registration Now Open for Regulatory Compliance School

In the interest of safety, and in keeping with the current environment, Mountain West has decided to move this year’s Regulatory Compliance School to a virtual format. We’re also adding in an extra day in between Day One and Day Two to allow some breathing space between two full days of content.

Plan to join your compliance peers and attorney and compliance expert Michael Christians for Regulatory Compliance School on September 9 & 11, 2020. This two-day session will provide a comprehensive overview of the key compliance responsibilities applicable to your credit union including some COVID-19 regulatory guidance. Each day will include individual and group exercises to test your knowledge. Day one will focus on Deposit Accounts and Credit Union Operations; Day Two will cover Lending.

Who Should Attend? This training is appropriate for compliance professionals, as well as any lending/operations professionals wanting to stay current on the latest updates in regulatory compliance at their credit union.

Fees:
Early Bird: (if registered by August 3): $438 for full school/ both days; $239 for one day only
Regular Rate: $499 full school/ both days; $269 for one day only (includes instruction, materials and lunch)

Instructor: Michael Christians, Regulatory Compliance Counsel

NEW Online On-Demand Certification Series for Supervisory Committees featuring Ancin Cooley!

Your Supervisory Committee volunteers their time while juggling their own busy schedules. Finding a convenient time and place to bring them together for training can be quite challenging. Given their scope of their responsibilities, you want them to have the very best in-depth training available.  Mountain West has partnered with Ancin Cooley of Synergy Credit Union Consulting to bring you the most robust and engaging training that not only instructs, but also gives your committee members access to the video content and resources for a full year.  Therefore, they not only learn from Ancin while watching his video series and completing the quizzes, they can actually go back and watch as they review their reports and complete their supervisory committee duties all year long. Upon completion, they’ll earn a certificate that verifies their knowledge.  Want to know more about this certification program and the bulk pricing opportunities?  Click here for more details and use code: MWCUASUPER to receive 10% off your registration.  Or, check out the Course Q&A.

Economic & Payments Virtual Forum 2020

This October, Catalyst Corporate Credit Union will be holding their Economic & Payments Forum virtually and will feature eight timely presentations over a two-day period.  The tightly focused Forum will provide actionable information at a most critical time – just before the nation goes into a presidential election and as it deals with the social and economic impact of the COVID-19 pandemic. This FREE event will include presentations by some of the nation’s leading economists and industry thought leaders. Plus! By attending, you’ll have the opportunity to earn 8 CPE credits.

ELEVATE Credit Union Leaders: Virtual Conference

NEW! Credit union leaders across the country are planning to attend this must-see online experience, Sept. 1-3 and we hope you will too. This virtual event will enable you to cover diverse topics that provide development and insights for staff at all levels, from aspiring leaders to executives and board members.

We’ve designated three afternoons for learning to allow mornings to focus on your daily work commitments plus, providing a Bonus Bundle of sessions for self-paced learning to elevate your skills to the next level of leadership.

  • 15 Speakers covering topics on Leadership, Diversity & Inclusion, Board Governance and Next Level Leadership
  • Plus! A dedicated Young Professionals session facilitated by Tansley Stearns of Canvas Credit Union
  • Engagement with other credit union professionals across the country
  • Pre-conference SWAG (first 200 registrants) Mailed to your home or office as indicated during your registration
  • Bonus Bundle: Because there is so much to share- for those that logged into sessions each day you will receive a bonus bundle with free webinars and five minute discussions on business acumen to continue your learning.
  • SYNG Wrap up the last day of ELEVATE watching credit union teams entertain you with their lip-sync acts.

Registration is open for ELEVATE Credit Union Leaders.  Register today, as early-bird rates end July 31.

7.10.2020 Regulatory Compliance Newsletter

  • Q&A: What do I need to figure out beneficial ownership on existing memberships?
  • FinCEN Guidance on Due Diligence for Hemp-related Customers
  • FinCEN Issues Advisory on Imposter Scams and Money Mule Schemes Related to COVID-19
  • Field of Membership – Rural Districts (Letters to Credit Unions)
  • CFPB Proposes EGRRCPA-required HPML Escrow Exemption
  • OFAC Issues Reminder to File Blocked Asset Report
  • Financial Regulators Issue Statement on Managing the LIBOR Transition
  • Spring 2020 Unified Agenda of Federal Regulatory and Deregulatory Actions
  • InfoSight: July 1, 2020 Effective Dates Reminders
  • Virtual Compliance Update & Roundtable – July 15th – RSVP to dgibbs@mwcua.com

Session 1: 10:30am MDT / 9:30am AZ

Session 2: 3pm MDT / 2pm AZ

August BSA Officer Training Going Virtual

The August 13 BSA Officer Training is moving to a fully virtual format. Due to current COVID-19 restrictions, this provides much-needed training in the safest environment possible. We will still have the same expert speakers and the most current BSA information, but we’ll be meeting online instead of in person. Topics include: NCUA 2020 Supervisory Priorities, SARs Filings and Investigations, Marijuana and Hemp Businesses, as well as Lessons Learned from the Pandemic.

This change in format now allows any BSA professional who still needs training, no matter where they are located, to attend. Registration will remain open until the beginning of August, so if you are interested, don’t hesitate to register for this program.

Plus! We are offering the Early Bird rate of $239 for anyone who registers before July 13. Also, small credit unions (<$40M) will receive a 50% discount for one registration for this program.

Click here for more information and to register.

CUNA-Leagues Small Credit Union Webinar Series

We all want to do more to preserve small credit unions. That’s why we’re thrilled to announce that CUNA and every state league in the U.S. has committed to create a new series of free webinars just for you.

Starting Tuesday, August 4, CUNA and leagues will be hosting weekly FREE webinars tackling the most important issues and subjects facing small credit unions today: new member growth, technology best practices, succession planning, marketing, board engagement, the list goes on.

With every League and CUNA committed to hosting a weekly webinar, we will have sessions through Spring 2021, allowing us to record and create a library of 30+ sessions packed with ideas and actionable information.

We look forward to seeing you on Tuesdays at 1 pm (MDT)/ 12 pm (PST) starting August 4!

Click here to learn more and register today

Canyon State Credit Union and Deer Valley Credit Union Announce Their New Name Following a 2019 Merger

(Phoenix, AZ) — Canyon State Credit Union and Deer Valley Credit Union have renamed their combined Credit Union following a successful merger.

In 2019 a mutually beneficial merger joined the two credit unions, bringing their memberships and combined assets together to create a stronger cooperative financial institution with greater resources. Their dedication to their members and the communities they serve was at the core of discussions regarding the name change.

Effective June 13, 2020 they became Copper State Credit Union. “The name Copper State Credit Union felt right for us,” stated Robb Scott, CEO of the institution. “Copper is a metal that symbolizes strength. Throughout our discussions regarding the 2019 merger one phrase continued to echo in every conversation — ‘we’ll be stronger together.’ We are stronger now, and our new name tells that story.”

Scott stated that the values of the institutions have not changed, however they are better defined. He assured that family is at the heart of their brand and their family of employees will continue to provide the same local service to their member-families and the credit union will continue to support families in their local communities. Copper State will strive to empower members with financial education, knowledge and tools to help them reach their goals.

The leadership team of the credit union is glad to have a new name. “It symbolizes that we are in fact one unified institution rather than two credit unions operating in parallel,” said Paul Waterman, CO-Chair of the Board of Directors. “The new name brings a sense of togetherness to our family of employees.”

Chris Urness, also CO-Chair of the Board of Directors added “We’re very pleased with the choice for the new name. Not only is the element copper relevant to our great state, but a refreshed brand brings a sense of enlightenment to our institution. We stayed true to ourselves and our values throughout the naming process and I believe our redefined brand captures the essence of who we are very nicely.” The credit union worked with FI GROW Solutions, LLC, a marketing agency they have had a longtime partnership with, for the name change project.

Scott confirmed that, all staff members from both credit unions retained their jobs. “We want our members and the communities we serve to know that we’re still your local credit union. You will still see your family members, neighbors, and friends working here. We will still provide the same excellent service we always have and we’re still here for you. Our new name symbolizes our next chapter and we’re excited for all of our members to be part of it.”

The credit union will be in touch with its members regarding any changes resulting from the name change during the next few weeks.

About Copper State Credit Union: Copper State Credit Union is headquartered in Phoenix and has been providing financial solutions for members throughout Arizona and beyond for more than 67 years. Copper State is open for membership from anyone who lives, works or worships within several counties of Arizona – Maricopa, Gila, Navajo, Pima, Pinal or Yavapai – as well as anyone who works for the credit union’s designated Select Employee Groups (SEGs). Copper State is community-based and locally focused, with eight locations within Phoenix area as well as a branch in Payson, AZ.

 

 

 

 

Contact: Lenore Froehlich

LFroehlich@canyonstatecu.org

Jennifer Wade

jenn.wade@dvcu.org

  602.509.7115 602.375.7312

6.26.2020 Regulatory Compliance Newsletter

  • Q&A: Is the Interim Final Rule Regarding Reg D Permanent?
  • CFPB Launches Pilot Advisory Opinion Program
  • SBA Launches PPP Tool to Connect Small Businesses with Lenders
  • CFPB Updates Remittance Transfers Compliance Guide
  • Important Technical Notice for Users of the OFAC Website and Sanctions List Data Files
  • CFPB Issues Interpretive Rule on Method for Determining Underserved Areas
  • InfoSight: Content Update – Remittance Transfer Topic
  • Virtual Compliance Update & Roundtable – July 15th

Audit & COVID-19 Webinar: A CFO Roadmap

CFOs are dealing with unprecedented challenges as COVID-19 upends financial and operating environments. As CFOs seek to manage these changes, internal controls and audits have taken on even more importance with CFOs working effectively with risk, compliance, and audit committees. This webinar will explore the evolving role of audits in assessing safety and soundness during the COVID-19 pandemic and beyond. From financials to pandemic response, you’ll gain valuable insights and learn how to be the hero your institution needs right now, using audit tools to look beyond safety and soundness to weather the current COVID-19 storm and strategically position your institution for success.