Cheryl Lawson, EVP, compliance review for John M. Floyd & Associates (JMFA), recently examined the status of the Consumer Financial Protection Bureau as it undergoes leadership changes. Her assessment follows. With the recent release of its five...
Register now for the LSCU BSA Workshop being held at Legacy Community FCU in Birmingham, Alabama on April 10. The Bank Secrecy Act Workshop provides an overview of credit union specific BSA regulations and will assist credit unions in remaining...
A bipartisan group of Senate Banking Committee members have released a bill that could offer credit union regulatory relief. This bill includes credit union-specific provisions that provide meaningful regulatory relief, a sign that policymakers are...
Amended 1098s are due to borrowers by March 15, 2018. IRS has finally removed the warning that has been displayed on the agency’s 1098-Mortgage Interest web page since Feb. 9, which stated that their information was not up to date. This...
There is just one week remaining in the 2018 Legislative Session and a lot left to accomplish, primarily passing the state budget. Lawmakers made progress on budget negotiations last week when they began hammering out program area allocations...
It’s hard to believe, but another CUNA Governmental Affairs Conference has come and gone. Many of the record 5,000-plus in attendance commented on how this was the best CUNA GAC yet, and I would have to agree. Attendees had the opportunity to hear...
The Credit Union House, LLC and its board of directors recently inducted Tom Dorety and Terry West into its Hall of Leaders. Tom Dorety, served in his career as Suncoast Credit Union CEO and CUNA Board Chair and was the 2016 recipient of the LSCU...
Don’t forget to register for the upcoming YP Think Tank in Birmingham, AL, the “Magic City,” March 23-24. The hotel room rate has been extended to March 9, so please register and book your room right away. Topics include leadership...
NCUA has proposed a number of dramatic changes to the Call Reports. LSCU would like your input in responding to a recent Request for Information. LSCU will give a $50 Visa gift card to the person who submits the most comprehensive response to these...
Pen Air FCU Employees Celebrate Giving $200k to Local Charities The employees of Pen Air Federal Credit Union celebrated giving more than $200,000 to local nonprofits since 2013, when the Jeans for Communerosity (J4C) program began. Employees...