This week, don’t forget to donate to FOCUS NY’s fundraising campaign! There’s still time to donate before tomorrow’s deadline. Plus, announcement details for Crash the GAC 2026, America’s Credit Union’s new compliance resource, and more. Get the latest updates from across the state in the New York Minute.
Reminder: There’s Still Time to Contribute to FOCUS NY!
There’s still time to join the My Credit Union Purpose campaign and help strengthen advocacy for New York’s credit unions! Running through tomorrow, October 24, this statewide effort supports FOCUS NY, New York’s credit union political action committee that ensures our industry has strong allies in Albany.
The campaign’s goal is to raise $30,000, which will help elect policymakers who champion a pro-credit union agenda. This campaign is about more than fundraising, it’s about sharing why we do what we do and celebrating the values that define our movement.
To increase awareness and inspire contributions, we’re providing ready-to-use, customizable graphics. By posting these graphics and sharing your own “My CU Purpose” message, you’ll help highlight the values that set credit unions apart and show collective support for FOCUS NY.
How to participate:
- Download your graphics
Customizable Facebook/LinkedIn Template
Customizable Instagram Template - Personalize the Canva template with your story or message and credit union’s logo
- Post on your social channels with the hashtag #MyCUPurpose and tag the New York Credit Union Association
- Encourage participation from your colleagues, staff, volunteers, and networks
- Contribute to FOCUS NY
Click below to contribute!
Apply Today for Crash The GAC 2026
Emerging leaders, this is your chance to make your mark! Applications are now open for the 17th annual Crash the GAC, the original leadership development experience from The Cooperative Trust. One Crasher from each state will be selected to attend the 2026 Governmental Affairs Conference in Washington, D.C.—the industry’s premier advocacy event.
Conference registration, meals, and experiences are covered by America’s Credit Unions, giving Crashers access to world-class speakers, legislative visits with lawmakers, networking events, and more. Participants are responsible for travel and lodging.
Applicants must submit a 60-second video explaining why they should represent their credit union and state at the GAC. Authenticity matters more than production quality—share your why!
The application deadline is December 1!
FourLeaf FCU Named ‘Great Place to Work’
Congratulations to FourLeaf Federal Credit Union for being recognized as a Great Place to Work® for the third consecutive year! The certification, awarded by the global authority on workplace culture, is based entirely on employee feedback gathered through the Trust Index™ Survey—a benchmark of engagement, satisfaction, and organizational pride.
This recognition places FourLeaf among the top workplaces nationwide that prioritize people over profit and foster environments where teams feel valued and supported. Congratulations to the entire FourLeaf FCU team for continuing to exemplify the credit union difference in action!
America’s Credit Unions Launches New Compliance Resource
America’s Credit Unions has launched a new educational series, Compliance 101, designed to simplify key regulatory concepts for credit union professionals. The inaugural edition provides an in-depth breakdown of Regulation E, Subpart A, including section-by-section explanations and links to additional guidance materials.
Compliance 101 joins the broader Compliance Resource Library, where members can access a wide range of tools such as FAQs, calendars, and reference documents—all in one place. The series will continue expanding with future installments covering other core compliance topics.
Access to these resources requires an America’s Credit Unions member login, offering credit unions an efficient way to stay informed and ensure compliance with evolving regulations.
New FAQs Related to Suspicious Activity Reporting
By: InfoSight360
On October 9th, the Financial Crimes Enforcement Network (FinCEN) along with the joint agencies, including the National Credit Union Administration (NCUA), issued four frequently asked questions related to SAR filing. The FAQs, available here, are summarized below:
- A credit union is not required to file a SAR simply because a transaction (or series of transactions) is at or near the CTR reporting threshold of $10,000. A SAR is only required if the institution knows, suspects, or has reason to suspect that the transaction(s) are designed to evade the CTR reporting requirement.
- A credit union is not required to conduct a separate review after the filing of each SAR to determine whether the suspicious activity is continuing. Instead, it can rely on its policies, procedures, and internal controls to monitor for ongoing suspicious activity.
- For ongoing suspicious activity, any subsequent SAR filing should include a full 90-day review period. For example, the credit union identifies suspicious activity on day 0. It has until day 30 to file a SAR. A full 90-day review period from the filing of the previous SAR would end on day 120. The credit union would then have until day 150 to file a subsequent SAR for the continuing suspicious activity.
- Documenting a credit union’s decision not to file a SAR is not a requirement under the Bank Secrecy Act or its implementing regulations; it is a best practice. In most instances, a short, concise statement regarding the decision not to file will suffice.
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