Home CURRENT Newsletter | December 5, 2023

CURRENT Newsletter | December 5, 2023

Authored By: Lewis Wood on 12/5/2023

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League Hosting Free Compliance Webinar Dec. 6

Our next quarterly Compliance Roundtable is scheduled for Dec. 6. There’s still time to register! Topics include:

CFPB Section 1071 Data Collection Updates
Cyber Incident Reporting – Ongoing Operations Incident
Employee Retention Credit
IRS Delays Income Reporting Changes
NCUA Reinstates Civil Money Penalties for Late Call Report Filings
NYT Article on BSA and Banks Closing Accounts
Other compliance hot topics covered on the League's Compliance Hotline

League Member Credit Union Call-in with Carrie Set for Dec. 12

League President/CEO Carrie Hunt hosts our virtual membership meeting on Dec. 12, with updates on the coming General Assembly session, federal advocacy issues, and more! We want to hear from you on the issues and concerns that weigh on your credit union and your thoughts on the League's direction and services.

League Showcases 'Credit Union Difference' with Federal Advocacy Work

It’s been a busy week of advocacy work at the federal level, with your League working to showcase the ‘Credit Union Difference.’

League Writes Sens. Warner, Kaine Ahead of Senate Testimony from CFPB's Chopra (In a letter to Sens. Warner and Kaine, we noted the harm being done to credit unions by the CFPB’s one-size-fits-all approach to regulation.
CUs, League Hold Virtual Meeting with Congressman Connolly (Connolly noted his interest in a bill that boosts credit unions’ ability to lend to veteran-owned businesses.)
With Congress Pushing Toward Holiday Recess, League Engaged with Lawmakers, Watching for Attempts to Advance Harmful Legislation (We’re engaged with lawmakers as Senate and House conferees work to iron out differences in each chamber’s version of the NDAA, with particular focus on bankers’ efforts to win the same treatment as credit unions when it comes to leases for on-base facilities.)

League Legislative Reception Being Held Dec. 14 in Norfolk

We’re excited to announce a Legislative Reception in Greater Hampton Roads, with Congresswoman Jennifer Kiggans scheduled to attend! Join us on Dec. 14 at ABNB Federal Credit Union (129 West Little Creek Rd., Norfolk, 23505) as we welcome lawmakers and local officials. This is a wonderful opportunity to meet with lawmakers in preparation for a busy 2024 General Assembly.

League, TRGroup Ask CUs to Complete Compensation, Salary Survey

As part of our collaborative partnership within the TRGroup, your League invites you to participate in our 2024 Compensation/Salary Survey. Setting competitive pay structures for your employees can be challenging and involves considering many factors carefully. To assist you in this task, TRGroup has partnered with the Cornerstone Credit Union League’s research department to gather information on salary and benefits.

Virtual Boot Camp Dec. 18-19: Essential Training for Top-Performing Managers

You don’t master the art of leading and managing through luck; you master it with training, experience, self-learning, and applying best practices. As a manager or supervisor, you must have the attitude, aptitude, skill set, confidence, persistence, and commitment to excel in this multi-tasking, challenging role. This training will help take your expertise to a new level as you learn how to collaborate and coach your employees to excel.

Whether you are new or seasoned managers and supervisors, attendees find this experiential training invigorating, motivating and applicable to managing and supervising others. You will learn how to handle crucial conversations and challenging situations. You will practice a coaching approach that encourages your staff to be engaged and accountable and walk away with a toolbox for immediate use back in your workplace!

In Other News…

Tags: Chopra, Advocacy, Warner, Kaine, TR Group, NCUA budget, National Credit Union Administration, Carrie Hunt, Legislative Reception, General Assembly, Hampton Roads

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