CURRENT Newsletter | October 13, 2023

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Oct. 17 CEO Forum Moving to Virtual Format; Free Event for $500 Million and Under CUs

Credit Union CEOs: To ensure more of our credit union CEOs can attend next week’s CEO Forum (Oct. 17), we’ve made this a FREE, virtual event. Check your email inbox (this afternoon) for your personal calendar invite. We also extended invitations to all credit unions with $500 million or less in assets. We know time away from the office can prove challenging, but please join us for any sessions you can; or better still, join us for the day!

Regulatory Compliance Weekly Roundup: Oct. 13, 2023

News and notes from the world of regulatory compliance for the week that was! Covered in this post are the upcoming NCUA Board meeting (Oct. 19); NCUA Board Nominee Tanya Otsuka; and the CFPB's recent opinion on how fees can be a barrier to complying with requests for information.

Related: CFPB Issues Advisory Opinion on Consumer Information Requests to Large Banks, Credit Unions

New Uncertainty in Washington, But League Remains Focused on Derailing CU-Opposed Measures

The situation in Washington remains unchanged. The expected vote for a House Speaker has yet to materialize, but we’re continuing to engage with lawmakers and their offices. Once business resumes in the House, it’s possible we’ll see a flurry of activity around the appropriations measures given that the temporary funding for the government ends in a month. We remain concerned that credit union-opposed measures might advance via one of the appropriations bills – with the Credit Card Competition Act (interchange bill) topping that list of concerns. You can aid our advocacy efforts by emailing lawmakers today via our Advocacy Action Center.

Financial Well-Being for All Boot Camp Oct. 25; Registration Open

Your members need you. But are you missing opportunities to meet them where they are in their life and financial journeys? Our Boot Camp offers training on identifying and categorizing a member’s financial health so you can tailor your product and service offerings to better meet their unique needs. We’ll also take a deep dive into the Financial Health Pulse survey to uncover actionable insights on consumer financial health in the U.S. HumanKind will provide an overview of their Economic Resource Center and the services credit unions can leverage to aid members.

Virginia Chapter of Global Women's Leadership Network Plans Nov. 7 Program; Registration Open

The Global Women’s Leadership Network Virginia Sister Society is thrilled to announce a special leadership opportunity that promises to inspire, educate, and empower all of your dedicated employees. The Compassionate Leadership Series is available to you and your employees at no cost – that’s right it’s FREE! Please join us in Richmond as the Virginia Sister Society kicks off the Compassionate Leadership Series on Nov. 7.

Leadership, Communication Styles Seminar Set for Nov. 16

We’re excited to announce the third module/seminar as part of the League’s EMERGE Certification Program! Join us on Nov. 16 as we focus on leadership and communication, specifically “authentic leadership” and how best to use our personal strengths and communication skills in the workplace. Participants will complete a leadership personality assessment facilitated by a professional.

In Other News …

• $10,000 Grant Awarded to Hampton Roads Educators CU for Upgraded Features to Digital and Convenience Services
• Argent CU, Partners FCU Finalize Merger
• Registration Open for NCUA’s Oct. 19 'Serving the Hispanic Market' Webinar
• NCUA Board Announces 2024 Meeting Schedule
• FDIC Launches Deposit Insurance Awareness Campaign for General Public (See NCUA’s long-running campaign here)