The Point: Feb. 1, 2013

Recognition Round-Up

AmeriCU Credit Union and Saratoga's Community FCU have both been named winners in NAFCU's 2013 Marketing Award program. AmeriCU Credit Union won the Best Promotional Event or Service award in the asset category of $751 million or more. Saratoga's Community FCU won the Best Annual Report award in the asset category of $150 million or less. They and their fellow winners will be recognized at NAFCU's Strategic Growth Conference March 12-14 in New Orleans, La.

SUNY Geneseo FCU was recently awarded the Sustained Superiority Award by Bauer Financial, a nationwide company that reviews the financial status of various banks and credit unions. The award is presented to financial institutions that maintain Superior recognition status for at least 73 consecutive quarters. SUNY Geneseo FCU earned the recognition for 78 consecutive quarters and has now achieved a five-star superior rating for customer service.

About Recognition Round-Up:
Credit unions and/or credit union leaders receiving a significant local, state or national award are encouraged to complete and submit the Credit Union Announcement Form for recognition in The Point and on the Association's Facebook page. Photos and related press releases may also be attached with the form. Note: Announcements regarding an award received from the Association (e.g., Dora Maxwell, Louise Herring, Desjardins Awards) do not need to be submitted.

NCUA letter outlines 2013 exam goals

Increased clarity in examiner guidance and increased consistency in examination practices are key supervisory focuses of NCUA this year, according to NCUA Chairman Debbie Matz in a new Letter to Federally Insured Credit Unions.

The agency will strive to enhance the clarity of examiners in the areas of member business lending (MBL), credit ratings and troubled debt restructurings (TDRs), Matz noted. Credit unions can expect a supervisory letter to add clarity to the process and expectations for MBL rule waiver requests, as well as follow-up guidance on complying with the final rule replacing the use of credit ratings with alternative standards to assess the creditworthiness of securities and money-market instruments.

According to the letter, examiners will evaluate a credit union's capacity to manage risk in the following areas:

  • operational risk involving technology and internal controls; and
  • balance sheet management, including interest rate and liquidity risk, concentration risk and risk that can be associated with offering less established or complex products.

Association's February webinar lineup begins next week

The Credit Union Association of New York will host nine educational webinars this month, offering New York credit unionists access to nationally recognized instructors and timely topics.

All webinars may be accessed live, on demand and/or on CD-ROM. Live webinars will begin at 3 p.m. on the dates indicated below. For more information about a specific webinar or to register, visit the Association's Events & Education calendar and choose the appropriate date.

The February lineup includes:

  • Feb. 5: ACH Death Notification Entries (DNEs) & Reclamations: Your Credit Union's Liability;
  • Feb. 6: Dissecting Regulation CC: Holds, Substitute Checks & Check Clearing;
  • Feb. 12: Tax Refunds: ACH Exceptions, Posting & Credit Union Liability; 
  • Feb. 13: Facebook 101: Policies, Risk Assessment & Next Steps;
  • Feb. 14: CFPB Guidance on Handling Consumer Complaints & Inquiries: Collecting, Investigating & Responding;
  • Feb. 19: New BSA Officer Training;
  • Feb. 20: Qualifying Borrowers Using Personal Tax Returns, Part 2;
  • Feb. 26: Guidelines for OREO; and
  • Feb. 27 (Consumer Debt Resolution Series): Advanced Collection Techniques That Reduce Delinquency & Loss.

Three investment options are available for each webinar: $139 for one connection to the live webinar; $169 for a downloadable on-demand version and a CD-ROM; or $189 for one connection to the live webinar, the downloadable on-demand version and a CD-ROM. Most webinars offered since January 2011 feature these options and can be accessed through the Association's Events & Education calendar.

Reminder: Matz, Cordray to host regulatory webinar Tuesday

Credit unionists can still register online for the free town hall webinar hosted by NCUA Chairman Debbie Matz and CFPB Director Richard Cordray. The webinar will be held Tuesday, Feb. 5, at 3 p.m.

Matz and Cordray will discuss new developments in financial regulation, including the CFPB's recently finalized regulations, proposed rules and enforcement efforts. They will also answer questions submitted by participants before or during the webinar. To submit a question in advance, e-mail with a subject line of "NCUA-CFPB Town Hall."

Registration open for CO-OP THINK Conference

Registration is now open for CO-OP Financial Services' THINK 13 conference, which will be held April 29-May 2 in Chicago. The conference theme is "Disrupt Business as Usual," and details are available online. With a theme of "Disrupt Business as Usual," the conference will feature the following speakers:

  • Scott Belsky, author of Making Ideas Happen and founder of the online portfolio platform for creative professionals;
  • John Costello, chief global marketing and innovation officer for Dunkin' Brands Group Inc.;
  • Margaret Heffernan, corporate CEO, entrepreneur and author of Willful Blindness: Why We Ignore the Obvious at our Peril; and
  • David Robertson, professor at the University of Pennsylvania's Wharton School and author of Brick by Brick, an examination of LEGO's corporate turnaround.


National industry news & CUNA reports

To view today's issue of CUNA News Now, click here.

To view the most recent CUNA Regulatory Advocacy Report, click here. (CUNA member log-in/registration required.)

To view the most recent CUNA Legislative Update, click here. (CUNA member log-in/registration required.)