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|The Pulse (08-05-15)|
The Pulse (08-05-2015)
August 5, 2015 ● Volume 04, Issue 31
Credit Union News
Minnesota Credit Union Network Names Kris Jacobsen as Director of Business Development
This week, Kris Jacobsen joined the Minnesota Credit Union Network as the Director of Business Development. Jacobsen brings fourteen years of financial institution experience with him.
As the Director of Business Development Jacobsen will work with Minnesota credit unions to help them operate effectively through strategic planning facilitation, training sessions for volunteers and managers, one-on-one consultations with credit union officials, and acting as a liaison between member credit unions and financial regulators.
“We are pleased to welcome Kris to the Minnesota Credit Union Network,” said MnCUN President & CEO Mark Cummins. “As the Director of Business Development, Kris will visit all of our member credit unions to discover how we can best serve them.”
The Director of Business Development also supports the Network through the promotion and sale of products and services endorsed by the Network Services Corporation and the Credit Union National Association.
Kris can be reached by email or by phone at (651) 288-5515.
Fall Leadership Conference - early bird pricing ends Tuesday, Aug. 11
Credit union professionals, there is only one week left to receive early bird pricing on registration for the 2015 Fall Leadership Conference. Join your colleagues Sept. 11 to 13 at Madden's Resort in Brainerd for educational sessions, entertainment and recreation opportunities.
Session topics include:
To take advantage of the early bird discount, registration and payment must be received by Tuesday, Aug. 11. The deadline for regular priced registrations is Tuesday, Aug. 25. Credit unions with less than $25 million in assets are eligible to attend Fall leadership Conference at a discounted rate. Please note the lodging reservation deadline of Tuesday, August 11.
For more details on the conference agenda and lodging, and to register online, visit the Fall Leadership Conference page of the Network website. With questions about the conference, please contact MnCUN Vice President & General Counsel John Wendland by email or by phone at (651) 288-5519 or (800) 477-1034.
Business Journal opens nominations for CFO of the Year awards program – nominate today!
The Minneapolis/St. Paul Business Journal is looking for top-shelf chief financial officers to join the ranks of the Business Journal's CFO of the Year honorees.
The awards, now in their eighth year, honor outstanding financial leaders at Twin Cities companies large and small.
The deadline for nominations is Friday, Aug. 28.
Learn more about the CEO of the Year award on the Minneapolis/St. Paul Business Journal website.
SAFE Comprehensive 2015 MLO Course Available
Rules issued by the Consumer Financial Protection Bureau (CFPB) pursuant to Dodd-Frank amended Regulation Z now require that a loan originator must receive periodic training. This training must cover Federal and State law requirements that relate to the individual loan originator’s origination activities. What training will meet the standards to satisfy the rule?
The rule is not specific about how much or what type of training is enough, but the rule provides a safe harbor. The rule indicates that one way to obtain a safe harbor is for the Mortgage Loan Origination (MLO) to receive training approved by the Nationwide Mortgage Licensing System (NMLS) for continuing education.
You can obtain the safe harbor through the Credit Union National Association’s (CUNA) NMLS approved comprehensive mortgage loan originator course. This course is new in 2015 and meets NMLS’ two-year rule.
This course covers the following:
This course was designed to meet the continuing education requirements of the SAFE Act inclusive of (3) hours federal laws & regulations, (3) hours ethics, consumer protection & fair lending and (2) hours lending standards for the non-traditional mortgage product marketplace.
Credit Unions in the News
Follow the links on the stories below to read more about the outstanding programs, new initiatives and well-deserved recognition received by your peers recently. Got news of your own? Send stories, pitches, press releases and published articles to MnCUN Communications Specialist Laura Whittet.