MWCUA Announces New Board Officers

The Mountain West Credit Union Association’s Board of Directors announced it elected a new slate of officers after the Association’s Annual Business Meeting held April 23, 2020.   Serving as Chairman of the Board is Todd Marksberry, President and CEO of Canvas Credit Union in Englewood, CO.Jay Curtis, President and CEO of First Credit Union in … Read More

The SBA has taken down the PPP portal

The Small Business Administration’s $349 billion Paycheck Protection Program has officially run out of money. A notice, posted on the SBA’s website, states the “SBA is currently unable to accept new applications for the Paycheck Protection Program based on available appropriations funding. Similarly, we are unable to enroll new PPP … Read More

Treasury Department Updates Guidance – with forms

Last night and earlier this morning, the U.S.Treasury released additional documents for lenders participating in the Paycheck Protection Program. The new documents include: Lender Electronic Data Form Final Borrower Application Form SBA Form 3506 Both forms are outlined in the PPP Final Rule that was released on Thursday afternoon. To … Read More

Treasury Department Issues Guidance

The U.S. Treasury Department and the Small Business Administration have finally released their long awaited guidance for the Paycheck Protection Program (PPP). We have been working with our state governments to help compile a list of available lenders that are participating or planning to participate in the program in order … Read More

New Webinar: New FMLA Families First Requirements for Paid Leave Effective April 2, 2020

The Families First Coronavirus Response Act is effective on April 2. Are you ready? Do you know the requirements? Learn what you need to know about complying with this latest consequence of the U.S. COVID-19 epidemic. This webinar, taking place on April 1st, will include: – Covered entities, – Potential … Read More

AZ & CO Credit Unions Deemed Essential Services

We have been working closely at the state level to ensure that as cities and states begin to close more “non-essential” businesses and people are asked to shelter at home, that credit unions are deemed an essential business and allowed to remain open to serve members. On March 23, Denver … Read More

MWCUA Cancels Annual Meeting & Convention amid COVID-19 Pandemic

It is with great disappointment, but out of an abundance of caution, that the Mountain West Credit Union Association leadership has decided to cancel its 2020 Annual Meeting & Convention, which had been planned for April 22-24. At MWCUA, our members’ health and safety is a top priority. As part … Read More

MWCUA credit unions assistance, member service information during COVID-19 pandemic

We are all being impacted by the COVID-19 crisis. Many member credit unions of the Mountain West Credit Union Association are offering assistance to those impacted, or are having to make changes to accommodate member service. Below is more information on these items provided by our member CUs. We encourage … Read More

CUNA/AACUL request input on COVID-19 Response

Similar to what was happening last year during the government shut down, CUNA has begun collecting data to help provide information on what leagues and credit unions are doing during the COVID-19 situation. Earlier today, Jim Nussle and Brad Miller asked credit union leaders across the movement to share how … Read More

3.13.2020 Regulatory Compliance Newletter

Agencies Encourage Financial Institutions to Meet Financial Needs of Customers and Members Affected by Coronavirus CFPB Files Suit Against Fifth Third Bank for Unauthorized Accounts FinCEN Fines Former U.S. Bank Official CFPB Announces Steps to Prevent Consumer Harm FATF Guidance on Digital IDs InfoSight Tips Virtual Compliance Update & Roundtables … Read More