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Home News CURRENT Newsletter | March 19, 2024

CURRENT Newsletter | March 19, 2024


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Coming Call Report Changes for Large CUs On Overdraft, NSF Income Reporting: What You Need to Know

We continue to field questions from credit unions about NCUA having amended the Call Report to require large credit unions (in this case meaning more than $1 billion in total assets) to report income from overdraft fees and NSF fees. That reporting requirement begins with the first quarter 2024 Call Report.

"Credit unions are strongly encouraged to review this requirement and assess the degree to which this reporting might pose a reputational risk for the institution," said League Chief Advocacy Officer JT Blau.

We also encourage credit unions to reviews these resources:

CU PolicyPro Training: Archived Webinar

League InfoSight Senior Technology Product Manager Mary Ann Koelzer offers essential training, tools and tips for getting the most out of your CU PolicyPro subscription! Log on to this archived webinar and learn how to customize PolicyPro’s model content, best practices for formatting, and how to publish and distribute policies and procedures to your staff, board members, and examiners. New and experienced users will benefit from this training!

Dinner Cruise to Benefit VACUPAC on May 2; Registration Open, Sponsorship Opportunities Available

We'll host a sunset dinner cruise on May 2 in support of the Virginia Credit Union Political Action Committee (VACUPAC) and credit union advocacy! As part of IGNITE | the League Annual Meeting, the dinner cruise will feature a buffet meal and open bar aboard a luxury yacht.

Deadline for Kirsch/Farley Awards, Vizo Financial Ed Grants March 20

Our web host experienced connectivity issues on Friday, which made our website and some other services unreachable. We apologize for any inconvenience. Owing to the website outage, we pushed the deadline dates to March 20 for those working on nominations for the Kirsch and Farley Awards or completing an application for the Vizo Financial Education grants.

Data Governance Training Webinar April 24

This 3-hour webinar will fill knowledge gaps on managing data access, quality, and security by providing 1) a basic foundation for data governance, 2) a framework for success 3) a detailed launch road map. A formal data governance program is already appearing on many regulatory audits and will likely be a mandatory feature of a data program assessment in the next year. The challenge for many credit unions lies in creating a launch plan and having a template for success. The program is scheduled for April 24. League members receive a $100 discount.

May 1 Workshop: Leading Strategically and Communicating with Impact

Module 5 of the EMERGE Certification Program is slated for May 1 in Washington, D.C.! While this in-person event is part of our EMERGE Leadership Certification, anyone can attend! The leader is the key to the success of any team. The leader shapes the culture, focus, and direction of the team and sets the expectation. The performance of any team is the direct result of the effectiveness of its leader. Through this workshop, leaders will learn how to shape employee mindset, develop effective behaviors, coach to skills, and improve results through coaching and accountability.

League Urging Lawmakers to Avoid Looming Partial Federal Government Shutdown

White House and congressional negotiators agreed Monday evening to fund the Department of Homeland Security along with nearly three-quarters of the federal government — starting a sprint on Capitol Hill to pass the legislation before a government shutdown deadline this weekend.

Your League continues to urge lawmakers to avoid a federal government shutdown, as even partial ones would have an outsized impact on our regional economy. "The continued uncertainty related to funding the federal government causes hardships for both citizens and businesses," notes League Chief Advocacy Officer JT Blau.

In Other News …

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