The Point: Feb. 5, 2014


Association staff present updates at WOCCU conference

Credit Union Association of New York SVP/General Counsel Michael Lanotte and Compliance Director Michael Carter presented legislative and compliance updates during a World Council of Credit Unions (WOCCU) conference in San Juan, Puerto Rico, last week. Sponsored by CUNA Mutual Group, the annual event attracted approximately 50 attendees from Puerto Rico and the U.S. Virgin Islands.

Lanotte and Carter each shared timely insights with the group, and Lanotte provided an overview of the membership opportunities available to credit unions through the Association’s involvement in WOCCU’s International Partnerships Program. As part of the program, the Association partners with credit unions in the U.S. Virgin Islands and Puerto Rico to provide valuable services and support.

Association’s February webinars kick off today

Each month, the Credit Union Association of New York offers a diverse lineup of educational webinars. Ten webinars are scheduled for this month, with topics ranging from HR recordkeeping to board recruitment to examination procedures.

For more information about a specific webinar or to register, visit the Association's Events & Education calendar and choose the appropriate date.

All webinars will begin at 3 p.m. on the dates indicated below:

  • Feb. 5: Tax Refunds: ACH Posting, Exceptions & Liability;
  • Feb. 6: Building a Better Board: Recruiting & Improving Your Credit Union Board;
  • Feb. 7: CFPB Examination Procedures for International Remittance Transfers;
  • Feb. 12: Imaged Documents: What to Keep, What to Destroy, What Holds Up in Court;
  • Feb. 13: Construction to Permanent Lending Under the New CFPB Mortgage Rules;
  • Feb. 19: Opening Accounts for Minors: Compliance, Ownership & Access Issues;
  • Feb. 20: Expanding Your Required IT Risk Assessment Program;
  • Feb. 25: The ALLL in Troubled Debt & Foreclosed Asset Restructuring;
  • Feb. 26: What is That Personal Tax Return Telling Me? Part 2: Schedules E & F; and
  • Feb. 27: Essential HR Recordkeeping, from Hiring to Firing.

Each webinar will be led by a nationally recognized instructor and may be accessed live, on demand and/or on CD-ROM.

Reminder: Dues reduction requests due Feb. 14

Credit unions planning to apply for a Credit Union Association of New York dues reduction waiver have until Feb. 14 to submit requests. The program is offered to make Association membership more affordable for credit unions anticipating financial hardship in the year ahead.

To request a dues reduction, credit union CEOs/managers or board chairs should submit a written request outlining the reasons they are seeking hardship consideration. Requests may be emailed to Tracy Conner, VP of member relations, at or mailed to her attention at the Credit Union Association of New York, P.O. Box 15118, Albany, NY 12212.

All submissions will be reviewed together after the deadline and kept strictly confidential. Credit unions requesting a reduction may wait to remit dues payment until receiving a response from the Association. Adjusted dues invoices will be issued to the credit unions that are granted reductions.

Latest ‘Inside Exchange’ webcast examines risk-based capital proposal

The basics of the NCUA’s proposed risk-based capital plan for credit unions, as well as credit union concerns, are addressed in the latest edition of the CUNA’s “Inside Exchange” video series.

In the video, CUNA VP of Communications Pat Keefe, Deputy General Counsel Mary Dunn and Chief Economist Bill Hampel discuss the proposed rule and encourage credit unions to weigh in on the proposal.

The “Inside Exchange” series is designed to offer credit unions insight into the legislative, regulatory and political arenas.

Helpful Links

CUNA News Now

Don't Tax My Credit Union Website

Don't Tax My Credit Union Campaign Resources

New York's State of Mind Blog

Events & Education Calendar

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