Webinar: The ALLL in Troubled Debt & Foreclosed Asset Restructuring
The financial crisis of 2008 brought about many accounting and financial reporting implications related to allowance for loan and lease losses (ALLL), troubled debt restructurings (TDRs) and foreclosed assets. Many credit unions had to become familiar with applicable standards and monitor evolving accounting developments as credit quality declined.
Webinar: Expanding Your Required IT Risk Assessment Program
Risk management is an important part of protecting members' financial information and is vital to successful IT examinations. However, risk assessments have proven difficult to sustain, and examiners now have expanded risk assessment requirements.
Webinar: Opening Accounts for Minors: Compliance, Ownership & Access Issues
Misconceptions about minor accounts may cause confusion and unequal treatment. Although account ownership is dictated by state law, some common areas should be understood by all credit unions that offer accounts to minors. Can Uniform Transfers to Minors Act (UTMA) funds be paid directly to minors at age 21? How old does a minor have to be to open an account? When can a minor have a debit card?
Webinar: Construction to Permanent Lending Under the New CFPB Mortgage Rules
For many years, construction/permanent lending was the primary vehicle for construction lending. However, new CFPB rules can make construction/permanent lending problematic. The best way to avoid regulatory problems and improve profitability is to have two separate closings: construction-only followed by permanent financing.
Webinar: Imaged Documents: What to Keep, What to Destroy, What Holds Up in Court
Imaged documents are prevalent on both the deposit and the loan sides of the credit union industry. Every day, credit unions process numerous imaged deposit records and handle numerous imaged credit files. Image technology can make transactions more convenient, but it can also complicate matters. Not all imaged documents are treated the same under the law.
Webinar: CFPB Examination Procedures for International Remittance Transfers
Archived Webinar Available Friday, February 7, 2014
(includes free CD-ROM)
Webinar: Building a Better Board: Recruiting & Improving Your Credit Union Board
Credit unions have evolved into complex financial institutions in a very competitive marketplace. How can you ensure that current board members are keeping up with industry and regulatory trends? How will you manage skill gaps on your board? How will you identify and attract the right replacements?
New Year's Day Observance
The Credit Union Association of New York, its Affiliates and the New York Credit Union Foundation will be closed in observance of New Year’s Day. The Point will not be published. Happy New Year!
Webinar: Tax Refunds: ACH Posting, Exceptions & Liability
In 2013, 79 percent of the IRS'101 million tax refunds were distributed via direct deposit. The average refund amount was $2,860. With such a high volume of refunds, it is imperative that credit unions handle tax refunds with care and caution to avoid costly.