NCUA releases supervisory guidance for CDFI-certified CUs

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The NCUA released a supervisory letter establishing a framework for examination and supervision of certified Community Development Financial Institutions (CDFIs). The letter (SL-16-01) contains guidance that applies to all CDFI-certified credit unions. CDFIs can be certified by the U.S. Treasury if they meet certain requirements, including serving low-income areas, and …

Lawson Joins Life Credit Union Board

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Life Credit Union recently named Justin Lawson to its Board of Directors. Lawson will serve a three-year term. Justin Lawson is the Chief Executive Officer for Elite Sports Medicine and Orthopaedic Center, PLC, which is a Nashville, TN-based orthopaedic surgery practice. A Certified Medical Practice Executive with over ten years of experience in virtually …

League Update – September 23

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HIGHLIGHTS Representative Payees COMPLIANCE VIDEOS Military Lending and 3rd Quarter 2016 Review Same Day ACH Preview COMPLIANCE NEWS CFPB information on unauthorized Wells Fargo NCUA board briefed on new cyber risks NACHA announces third-party sender registration rule FinCEN Advisory on E-mail Compromise Fraud Schemes Updated FATF-Identified Jurisdictions with AML/CFT Deficiencies …