FinCEN issued a ruling last week to clarify CTR Form 112 filing obligations when reporting transactions involving sole proprietorships. A recent CUNA CompBlog entry details exactly what the ruling means for credit unions.
The NCUA board will discuss a final interagency policy statement on the current expected credit loss (CECL) standard and propose a rule on corporate credit unions at its Feb. 20 meeting. The meeting will take place at 10 a.m. (ET).
CUNA offices in Washington, D.C. and Madison, Wis. will be open Monday, Feb. 17, however there will be no Daily email. The Daily will resume Tuesday, Feb. 18.
CUNA announced the arrival of the Open Your Eyes to a Credit Union® campaign to Wisconsin and Oklahoma. The launches follow five other newly launched states in January and bring the total number of states running the campaign to 21.
Nominations are open for the 2020 World Council Young Credit Union Professionals’ Scholarship—an annual award aimed at emerging credit union leaders around the globe.The age limit for eligibility has been raised this year from 35 to 40.
The credit union system has a shared commitment to advancing diversity and inclusion, but has concerns about proposals that would require employment diversity data from all institutions regardless of size, CUNA wrote Wednesday to a House subcommittee.
The theme for this year’s National Credit Union Youth Month is “Money Magic! Share, Spend and Save at Your Credit Union.” This theme makes saving exciting by showing young members the joy of setting aside money for everyday spending and helping others.