NCUA Ends In-Person Exception for Virtual Board Meetings: In November 2021, the NCUA issued its third letter to Federal Credit Unions (FCUs) clarifying that it ended the exception for in-person quorum rule for board and annual meetings as of December 2022. 

​Member Expulsion Policy: The right to expel a member is statutory and subject to your credit union's Bylaws for State Chartered Credit Unions. The NCUA’s final rule on member expulsion is pending for Federal Credit Unions.

NCUA 2023 Supervisory Priorities: The Minnesota Credit Network is providing this summary and resources to address NCUA’s 2023 supervisory priorities.

California Laws That May Have National Impact on Credit Unions: Recently, California’s legislature passed two laws that could have significant impact on credit unions across the country. These two laws may have direct effect on federally insured credit unions (FICUs) not chartered in California as well as influence on other state legislatures to pass similar laws. 

January 2023 Deadlines and Comment Dates: The first quarter of 2023 will blow in with a blizzard of important compliance and regulatory dates.

​​Model Uniform Commercial Code (UCC) on Check Signatures: This issue arises when a company representative (member) issues and signs a check in an unfamiliar way, is the check acceptable to cash?

On January 5, credit unions looking to take steps on the diversity, equity, inclusion, and belonging journey can get critical information during a webinar hosted by the National Credit Union Administration. 

Registration for the Q&A on the Credit Union Diversity Self-Assessmentis now open. This webinar is scheduled to begin at 11:30 a.m. Eastern and last approximately 60 minutes. 

The NCUA is on track to have its best submission year for the Credit Union Diversity Self-Assessment (CUDSA). During this webinar, participants can find out why the Credit Union Diversity Self-Assessment is so important and how easy it is to submit. Staff from NCUA’s Office of Minority and Women Inclusion will answer questions about the survey, its submission process, and how your credit union can foster greater diversity and inclusion.

Participants can log into the roundtable and view it on computers or mobile devices using the registration link. They should also allow pop-ups from this website. Participants can submit questions during the presentation or in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “CUDSA Webinar.” Please email technical questions about accessing the webinar to uccsupport@ncua.gov.

​This webinar will be closed captioned and available on the NCUA’s website approximately three weeks after the live event.

As part of the last stages of their name change from PolicyWorks to ViClarity,  links used to access the members-only website need to be updated.

Be sure to update your bookmarks from www.policyworksllc.com to members.viclarityus.com.

The Minnesota Credit Union Network partners with ViClarity (formerly PolicyWorks) to provide credit unions with access to PolicyAid - a comprehensive online policy library that provides credit unions easy access to nearly 100 policies.

As a dues-supported service, MnCUN member credit unions receive a secure log in to ViClarity's members only website. 

​A reminder to credit unions to check on the status of any unclaimed property that might be owed to you. Each year, the Minnesota Department of Commerce receives millions of dollars in unclaimed property from businesses and organizations that have lost contact with the owners. You can check if there is any unclaimed property owed to your credit union at: Commerce's website: Unclaimed Property.

The Minnesota Credit Union Network, in conjunction with the Regulatory Review committee, weighed in with the Federal Housing Finance Agency (FHFA) on the importance of the FHLB system.

​FHFA announced in August the "FHLBank System at 100: Focusing on the Future" initiative - two public listening sessions and a series of regional roundtable discussions through which the FHFA will engage the Federal Home Loan Bank System's stakeholders to position the System for the future.

​​​The comment letter highlighted the important role the FHLB system provides for liquidity and the secondary mortgage market. 

The Credit Union National Association's Governmental Affairs Conference is the largest credit union advocacy gathering of the year. When credit unions arrive en masse in Washington D.C., there is a palatable energy one cannot ignore.

​The Cooperative Trust, CUNA and MnCUN are joining forces to get at least one Crasher per state and D.C. to the 2023 CUNA Governmental Affairs Conference (GAC). 

This is the premier credit union advocacy event of the year and crasher spots are limited and coveted. We're looking for the brightest talent and those who are passionate about serving others through cooperative finance. Crashing the GAC has positively impacted hundreds of emerging professionals.

Crashers receive free conference registration from CUNA. Travel, lodging, and food costs are the responsibility of the Crasher and their credit union. The MnCU Foundation’s GAC Scholarship or Professional Development Grant may be used to supplement the cost.  
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Submit your application by 11:59PM CST on Friday, December 2.