New York Credit Union Association Compliance Director Linda Bow unveiled the latest installment of her “Let’s Talk for a Minute” series, which are brief compliance-related videos produced for the New York Minute.
Individuals can easily support pro-credit union candidates running for state-level office this election cycle with the New York Credit Union Association’s online donation site.
More than a dozen low-income credit unions in New York were awarded with NCUA grants to help improve digital services and security, increase outreach to underserved communities and train employees. In total, NCUA provided $1.9 million to the 155 credit union grant recipients.
The New York Credit Union Association’s 2019 Compliance & Legal Conference concluded last Friday in Verona. Over the course of two days, attendees heard from several leading attorneys and compliance experts, who discussed the many legal and regulatory issues credit unions should be preparing for.
In a recent letter to the Financial Accounting Standards Board, New York Credit Union Association President/CEO William J. Mellin said the Association is supportive of the board’s plan to delay the effective date of the current expected credit loss accounting standard, commonly known as CECL. The proposal seeks to delay the effective date of the standard until January 2023 for credit unions.