Regulatory Compliance Newsletter – July 19, 2021

07.19.2021 – Regulatory Compliance Newsletter 

  • CFPB Bulletin on Reporting Rental and Eviction Information
  • OFAC: Do Not Forget Your Blocked Property Report
  • FinCEN Notes FATF Updates on Deficient AML/CFT/CPF Programs
  • New CECL Tool to Be Released by Federal Reserve
  • July is Military Consumer Month
  • CFPB Releases Translation of Mortgage Servicing Early Intervention Written Notice Model Clauses

Announcing First-Ever Credit Unions Under $50M Conference

Make plans to be part of the first ever Credit Unions Under $50M Conference taking place August 19-20, 2021 in virtual format. Network with your peers and hear from expert speakers, whose targeted content is designed specifically for credit unions under $50M in assets.

This conference is open to professionals and directors from credit unions with assets under $50M. This virtual two-day event will feature subject matter experts speaking on such topics as:
– Succession Planning
– CECL Preparation
– Cybersecurity
– Fraud & Scam Prevention

Hear from expert speaker Jim Kasch on Succession Planning strategies for your credit union. Directors will receive a board member’s version of Succession Planning in their session on August 19.

Plus! We’re offering a bonus track for directors only, taking place in the early evening on both days. Board members are welcome to register for the full conference, or the Directors-Only Track.

Professional Development Scholarships are available. Click here to apply.

To learn more, see the full agenda, and to register, click here.

New! Comprehensive Credit Union Board Course

Mountain West Credit Union Association has partnered with Ancin Cooley of Synergy Credit Union Consulting to offer a new robust and engaging online training for your board members that not only instructs, but also gives board members access to the video content and resources for a full year.  With seven modules covering board roles and responsibilities, communication skills, board packets, red flags for directors and more this on-demand program can be completed at your board members own pace.  Upon completion, participants will be certified for three years. Click here to learn more.

Want to Build a Better Culture in Your Credit Union? Involve Your Team.

Check out the latest blog post by Executive Ready instructors, Karin Hurt & David Dye.

“We’ve been having lots of amazing conversations about culture with credit union leaders in our MWCUA Executive Ready programs and at the recent MWCUA conference in Scottsdale.

Leaders are working hard on their culture and have some incredible best practices. A common challenge we’re hearing is “how do we get more people aligned and involved?”

This quick and easy culture assessment can help your team talk about your culture and prioritize opportunities for building a high-performance, high-engagement culture.”

Read on for great tips and access to a free Culture Assessment tool. Interested in learning more about building a better culture at your credit union?  Join us this September as we begin the next session in the Executive Ready series: Building a High-Performance, High-Engagement Culture.

Regulatory Compliance Newsletter – July 6, 2021

07.06.2021- Regulatory Compliance Newsletter 

  • Creditors Collection of Claims By Small Estates Affidavits
  • CFPB Amends Reg X with Temporary Foreclosure Safeguards
  • NCUA Shares Interagency Statement After FinCEN Issues First National AML/CFT Priorities
  • CDC Extends Eviction Moratorium for Last Time
  • Minority Depository Institution Credit Unions See Year of Growth
  • Two NACHA Rules Now Effective
  • NCUA Board Approves Three Agenda Items

Economic Forum Returns In-Person this Fall

The Mountain West Economic Forum is back in person!  And as usual, the 2021 Economic Forum will be your go-to resource for understanding the current economic and financial landscape to keep pace with the ongoing changes in our business environment.  Featuring economic insights from local and national economists, you’ll leave with a rich economic perspective as you enter your annual strategic planning process.  Plus, we’ve added a new featured session on: The New Retail Experience: What is the future of lending?  This informative event takes place September 9-10, 2021 in beautiful Sedona, Arizona, where you’ll be surrounded by your credit union peers in a relaxed setting.

Sponsored by Catalyst Corporate FCU, plan to join your peers to find out what state and national economists are predicting for the year ahead.  Visit https://www.mwcua.com/econforum to learn more and register today!

Regulatory Compliance Newsletter – June 14, 2021

06.14.2021 Regulatory Compliance Newsletter

  • CFPB Adds FAQs on Escrow Accounts
  • Advance Child Tax Credit Payments to Begin on July 15
  • NCUA Regulatory Alert Covers ECOA Interpretive Rule
  • Letter to Credit Unions – Renewal of Prompt Corrective Action Relief
  • CFPB Webinar: Measuring the Financial Well-being of Hispanics