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CURRENT Newsletter | April 21, 2023

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IGNITE 2023: Early Bird Discount Ends April 24! Register Now and Save!

We’ve got an absolutely stacked program in store for IGNITE 2023! As a reminder, our early bird discount ends April 24, so register now and save $50 per person! Check out our keynotes … check out our education sessions … check out our networking events here!

Need hotel accommodations? Contact your League’s Mary Amyx!

Small CUs: Need Financial Assistance to Attend IGNITE 2023? Let Us Know!

Credit unions with less than $50 million in assets: Are you interested in attending IGNITE | the League Annual Meeting, but you need financial assistance to cover costs? We may be able to help! Last year, the generous contributions of business partners helped provide scholarships for smaller CUs to attend IGNITE. If you’re interested in attending but need financial aid, please contact your League’s Mary Amyx at mamyx@vacul.org. REMINDER: Early bird pricing for IGNITE ends April 24!

REGular Blog: Fixed or Float - NCUA Board Briefed on Interest Rate Cap

At Thursday's NCUA Board meeting, the Board received a briefing on the Loan Interest Rate Ceiling for federal credit unions. In today's rising interest rate environment, many credit unions are finding it difficult to properly risk-based price their loan and credit card products while operating within the bounds of the fixed interest rate cap. The idea of a floating interest rate cap has been gaining momentum as a possible solution. However, as you’ll read here, the Board still has concerns with this approach.

Related: NCUA Board issues RFI on climate risk, gets legal analysis of interest rate ceiling (NAFCU)
Related: NCUA Board Meeting Coverage: A Floating Interest Ceiling? Permissible, But There Would be Implications (CUToday)

TRGroup Offering Live Demos of Business Partners' Products, Services

The League is partnering with TRGroup to participate in the virtual “DEMO DAY 2023” on April 27. Demo Day is an opportunity for credit unions to see live demonstrations of the latest products and services from our business solution partners.

Will You Be Ready When NCUA’s Cyber Reporting Rule Takes Effect Sept. 1?

Cyber incidents are in the news and on the rise. Now, there is a cyber incident mandatory reporting rule unanimously adopted by the National Credit Union Administration board members scheduled to take effect Sept. 1. Join us for an April 26 webinar for clear guidance and useful resources related to your new cybersecurity obligations.

CUOnline Users: You Must Set Up Multi-Factor Authentication

In order to comply with Executive Order 14028, the National Credit Union Administration implemented Multi-Factor Authentication (MFA) for the CUOnline application on April 1, 2023. NCUA notes that a number of credit unions have not yet registered their account for multi-factor authentication. Failure to do so will affect your ability to file your Call Report. For questions or assistance with the multi-factor login, please contact technical support by email at onestop@ncua.gov or call 800.827.3255.

Webinar: AI + Banking  - Navigating Through the Noise

Join us April 25 for a special, free webinar covering a wide range of hot topics in the banking sector, including AI-powered banking applications, AI and risk, the economic headwinds facing the financial services industry, and the state of the nation’s capital markets. This event is hosted by TRGroup, a League partner organization that includes six of our sister leagues.

EMERGE Conference June 21-22; Register Now

Your League’s conference for Emerging Professionals is slated for June 21-22, at the Hilton Downtown Richmond. To register and for more information visit vaculemerge.org

In Other News…

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