Compliance Blog

Written by Steve Van Beek

Yesterday, NCUA announced their agenda for the January Board meeting which will occur next Thursday, January 26th.  The open portion of the meeting will have three items.

1. ​Final Rule – Part 741 of NCUA’s Rules and Regulations, Interest Rate Risk Policy and Program.
2. Proposed Rule – Part 741 of NCUA’s Rules and Regulations, Loan Workouts, Nonaccrual Policy, and Regulatory Reporting of Troubled Debt Restructured Loans.
3. Advance Notice of Proposed Rulemaking, Part 703 of NCUA’s Rules and Regulations, Derivatives. 

As always, NAFCU's Regulatory Affairs team will provide updates of each rulemaking.

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NAFCU's Annual Awards nomination process is currently underway.  NAFCU-members have until March 16 to nominate candidates for Federal Credit Union of the Year; CEO of the Year; Volunteer of the Year and Professional of the Year.  The categories are split by asset-size as well - with one winner for credit unions under $150 million in assets and one winner for credit unions over $150 million.  

Professional of the Year.  With the unprecedented regulatory changes over the past year, credit union compliance personnel have provided outstanding efforts at credit unions throughout the country.  A nomination for Professional of the Year is a great way to honor those individuals at your credit union.  

The main Awards homepage is here which includes the updated nomination process.  Nomination criteria can be found here.  Award guidelines are here.       

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Regulatory Compliance School.  Just a reminder that today is the deadline for early-bird pricing for Regulatory Compliance School.  Save $100 off registration by signing-up today.  Remember to use code NEWYEAR during registration and save an additional $100.  

You don't have to be a NAFCU member to attend.  If you are looking for a detailed understanding of the regulations impacting credit unions - this is the conference for you.   

Have a great weekend!