Learn How Emotional Intelligence Can Impact Your Credit Union

You’ve probably heard the term Emotional intelligence (EI or EQ) before, but what is it and how does it impact you and your team?

Plan to attend the Emotional Intelligence Seminar on February 17, 2022 either in person in Denver, CO or virtually via Zoom to learn more. This half-day program gets right to the heart of Emotional Intelligence in the workplace, examines and explains its importance, and through a collection of science-based EQ exercises, provides practical tools for helping yourself and others so that you can lead and participate in a more productive and effective workplace. Attendees also have the opportunity to purchase an EQ assessment as part of this seminar.

Check out this video from speaker Daria Lewandowska, talking about EQ in the workplace.

Rep. Perlmutter announces he will not seek re-election

Source: CUNA News Now

January 11, 2022

Rep. Ed Perlmutter (D-Colo.) speaks at the 2014 CUNA GAC. (CUNA photo)

Rep. Ed Perlmutter (D-Colo.) announced Monday he will not seek re-election in 2022. He has served in Congress since 2007 and worked closely with credit unions on many issues.

“We thank Rep. Perlmutter for being a strong credit union champion throughout his time in Congress,” said CUNA President/CEO Jim Nussle. “His work on behalf of credit unions with members of Congress from both parties has helped credit unions and their members. We wish him and his family the best going forward.”

“Ed has long been a champion of credit unions, not only in Colorado, but nationally as well. Many times, he stood up to protect credit unions’ ability to serve their members, and he has been the leading voice in the fight to allow legal cannabis businesses access to financial services,” said Scott Earl, president/CEO of the Mountain West Credit Union Association. “We have valued our relationship over the years, and on top of it all, he’s a really good guy. We wish Ed well in his retirement.”

Perlmutter introduced the Secure and Fair Enforcement (SAFE) Banking Act, which would allow financial institutions to serve legal cannabis-based businesses. The bill passed the House several times, and CUNA has testified before both House and Senate committees in support of the bill.

Perlmutter also introduced legislation to modernize the member expulsion process in this Congress. He previously introduced bipartisan legislation to allow National Credit Union Share Insurance Fund coverage for trust accounts, which was eventually signed into law in 2014.

Registration Opens for Mountain West 2022 Convention

Registration is open for the Mountain West 2022 Annual Meeting & Convention taking place April 27-29 at the world-class Broadmoor Resort in Colorado Springs, CO as we return to a fully in-person conference in 2022.

You won’t want to miss the activities, educational sessions, and networking opportunities available as we return in-person for this annual event. This conference is for all credit union directors, committee members, executives, managers and employees to share the latest research, tools and trends being used in the industry. Join us for this remarkable event!

As you visit the event website you’ll find engaging sessions all taking place in one of our favorite settings. Plus! Special programs includes a CU Young Professionals track, Global Women’s Leadership Network Meeting, and Roundtable Sessions to put your ideas into action.

Register now and save! Early-bird rates starting at $519 end March 9, 2022. For more details, go to www.mwcua.com/amc22.

Check Out January 2022 Network Councils

The networking council programming begins in January 2022 with two virtual sessions.

January 25: Collectors Networking Council
Topic: Strategies for Increasing Recoveries in 2022
Presenter: Alexis Wayne, Member Solutions Manager, UniWyo FCU

January 26: Branch Managers Networking Council
Topic: Strategies for Hiring & Retaining Talent
Presenter: Guest Panel

Fees for virtual sessions:
$20/ person
Discount: $15/person when 2 or more from the same credit union register

Regulatory Compliance Newsletter – December 20, 2021

12.20.21 Regulatory Compliance Newsletter

  • CFPB updates EFT/Reg E FAQs
  • FinCEN Seeks Input on Modernizing AML/CFT Regime
  • Complete NCUA’s Volunteer Credit Union Diversity Self-Assessment by January 15
  • CFPB Reports Finding Wide-Ranging Law Violations In 2021
  • NCUA Awards $100,000 in Mentoring Grants

Mountain West Credit Union Association Issues Statement on SAFE Banking Act’s removal from NDAA

On Tuesday, December 7, 2021, the House Rules Committee amended the FY22 National Defense Authorization Act (NDAA) excluding the Secure and Fair Enforcement (SAFE) Banking Act. The SAFE Banking Act would allow the financial services industry to do business with licensed marijuana retailers and require those financial institutions to subject any funds to anti-money laundering requirements.

 

“The Mountain West Credit Association is disappointed that yet again, this legislation, which provides important protections for our credit unions that wish to provide financial services to legal entities in their states, has failed to make it past the Committee,” said Scott Earl, President & CEO. “As financial services providers serving nearly 4 million members in Arizona, Colorado and Wyoming, credit unions play a central role in our communities by fulfilling banking needs that may not be otherwise available.”

 

Currently, however, we cannot serve an industry that generates several billion dollars in sales and tax revenues—the recreational cannabis industry— without substantial risk due to ongoing uncertainty over federal enforcement of the Controlled Substances Act. This has become not only a states’ rights issue, but an important public safety issue. Without access to standard banking services, some of these companies have had to come up with alternative solutions. Many are unable to undertake the most basic functions of successful businesses, such as paying vendors, employees, and taxes, but instead have large amounts of money unsecured, unaccountable and at risk for abuse.

 

The SAFE Banking Act would provide the safe harbor we need as financial services providers to service this growing industry and protect our members and the taxpayers of our states. This is a matter independent of the question of legalization of cannabis and is about ensuring that legal businesses have the basic financial services they need for compliance and accountability.

 

We thank those in our congressional delegation who are championing the effort and urge Congress to pass the SAFE Banking Act in the very near future.

Regulatory Compliance Newsletter – December 6, 2021

12.06.2021- Regulatory Compliance Newsletter

  • NCUA Board Calls on Congress to Make CLF Enhancements Permanent
  • FinCEN Notice on Environment Crimes and Financial Activity
  • CFPB Requests Input on Detecting Mortgage Lending Discrimination
  • Bureau Reminder to Debt Collectors
  • HUD Awards $3.6M For Neighborhood Revitalization