Compliance Blog

Chicago was a great conference, and it reminded me how valuable in-person training events can be.  While presentations can provide a good deal of information, networking with fellow credit union peeps can be even more rewarding.  You see how other credit unions are organized, how they view the world, and how they solve problems.  It is very good stuff.  If you want to read articles about the conference, please scan through the news items at www.nafcu.org.

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NCUA Board Meeting.  The agenda for this week's board meeting is now available. 

Share insurance.  Not all of Reg Reform was bad.  The share insurance level of $250,000 is now permanent.    You may want to check on how your credit union had been advertising share insurance levels.  Some credit unions advertised it as $250,000, but noted via a disclaimer that the level was only authorized through the end of 2013.  Now that the $250,000 is permanent, such disclaimers are no longer accurate.  

Comparative advertisements.  I've always said that comparative advertisements that say that your credit union or that credit unions in general are better than banks run a bit of a risk.   People will see your ad, and they'll see if they can poke a hole in it.  I'm not saying credit unions should not run such ads.  But they should be aware of the risks involved.  One such ad was run recently, and here was the reaction.