member Login

Minnesota Credit Union Network

  • Advocacy
    • Advocacy Programs >
      • GAC
      • Impact 23
      • Hike the Hill
    • Grassroots Action Center >
      • GREAT
      • Grassroots Coordinator Program
      • Project Zip Code
    • Support CU Advocacy >
      • Advocacy Fund
    • Regulatory Affairs
    • Political Publications
  • Professional Development
    • Calendar >
      • Event Policies
    • GAC
    • MonDak Roundtable
    • Accelerate 24: Annual Conference
    • LEAD 23 Conference >
      • LEAD 23 Sponsors and Exhibitors
    • Peer-to-Peer
    • MnCUN Mobile App
    • Chapters
    • Committees
    • Trailblazers
    • Tristate Mentorship Match
    • The CREW
    • Women's Leadership Network
  • Member Resources
    • Online Member Tools
    • MN CU Employee Benefits Plan >
      • Benefits Plan | Requesting a Quote
      • Guardian Life
    • Compliance >
      • Compliance and Audit Services
      • Submit a Compliance Question
      • PolicyAid
      • Elder Financial Abuse Prevention
    • CU FORWARD
    • DEI >
      • CDFI Resources
    • News
    • Publications
    • The Pulse
    • Awareness Campaign
    • Awards >
      • Professional and Director of the Year
      • Marketing Awards
      • National Awards
  • About
    • About MnCUN >
      • Contact Us
      • Our Team
      • Board of Directors
    • About Credit Unions >
      • Impact Report
    • Partner with Us
    • CU Green
    • Health Savings Account Finder
  • Jobs
  • Solutions
    • Partner with Us
    • TriState Product & Services
    • TruLync
    • TruLync Medicare Advisors
    • Strategic Planning and Consulting
  • Foundation
    • Capital Drive Village Financial
    • Contribute
    • Apply for a Grant >
      • DEI Grant Application
      • CUDE Grant Application
      • Financial & Audit Professional Grant Application
      • GAC Scholarship Application
      • Financial Education Grant Application
      • Professional Development Grant Application
      • Pandemic Relief Grants
    • Financial Education Resources
    • CU Builder >
      • CU Builder - Previous
    • Foundation Programs >
      • Enhanced FiCEP Program
    • CU4Kids
    • Scholarship Council >
      • FSC Scholarship Application
  • Advocacy
    • Advocacy Programs >
      • GAC
      • Impact 23
      • Hike the Hill
    • Grassroots Action Center >
      • GREAT
      • Grassroots Coordinator Program
      • Project Zip Code
    • Support CU Advocacy >
      • Advocacy Fund
    • Regulatory Affairs
    • Political Publications
  • Professional Development
    • Calendar >
      • Event Policies
    • GAC
    • MonDak Roundtable
    • Accelerate 24: Annual Conference
    • LEAD 23 Conference >
      • LEAD 23 Sponsors and Exhibitors
    • Peer-to-Peer
    • MnCUN Mobile App
    • Chapters
    • Committees
    • Trailblazers
    • Tristate Mentorship Match
    • The CREW
    • Women's Leadership Network
  • Member Resources
    • Online Member Tools
    • MN CU Employee Benefits Plan >
      • Benefits Plan | Requesting a Quote
      • Guardian Life
    • Compliance >
      • Compliance and Audit Services
      • Submit a Compliance Question
      • PolicyAid
      • Elder Financial Abuse Prevention
    • CU FORWARD
    • DEI >
      • CDFI Resources
    • News
    • Publications
    • The Pulse
    • Awareness Campaign
    • Awards >
      • Professional and Director of the Year
      • Marketing Awards
      • National Awards
  • About
    • About MnCUN >
      • Contact Us
      • Our Team
      • Board of Directors
    • About Credit Unions >
      • Impact Report
    • Partner with Us
    • CU Green
    • Health Savings Account Finder
  • Jobs
  • Solutions
    • Partner with Us
    • TriState Product & Services
    • TruLync
    • TruLync Medicare Advisors
    • Strategic Planning and Consulting
  • Foundation
    • Capital Drive Village Financial
    • Contribute
    • Apply for a Grant >
      • DEI Grant Application
      • CUDE Grant Application
      • Financial & Audit Professional Grant Application
      • GAC Scholarship Application
      • Financial Education Grant Application
      • Professional Development Grant Application
      • Pandemic Relief Grants
    • Financial Education Resources
    • CU Builder >
      • CU Builder - Previous
    • Foundation Programs >
      • Enhanced FiCEP Program
    • CU4Kids
    • Scholarship Council >
      • FSC Scholarship Application

The Pulse

Changes to Business Ownership Collection Form

9/19/2023

 
Appendix E to 12 CFR §1002 Subpart B has amended the sample collection form for demographic information about principal owners for reporting.
FULL ARTICLE: MEMBERS ONLY

Pig Butchering Scams & Spoofing Credit Union Phone Numbers Fraud

9/12/2023

 
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) is issued a Sept. 8 alert warning of a prominent virtual currency investment scam called “pig butchering.”
Full articles: Members only

Regulatory and Compliance Updates: Sept. 6, 2023

9/6/2023

 
Network Legal Compliance Outreach Meeting: MnCUN continues its in-person series of legal compliance outreach meetings to discuss new laws and their implications as well as Q&A on contemporaneous topics raised by attendees. 

​CFPB Final Rule Section 1071 Update: On August 31, eight senators recently issued a letter to the CFPB to stay the effective date of July 31, 2024 for its 1071 business reporting rule for all credit unions and FDIC-insured banks.
FULL ARTICLE: MEMBERS ONLY

Regulatory & Compliance Updates: Aug. 30, 2023

8/29/2023

 
Chief Examiner’s Reminders: During the MnCUN’s monthly meeting with Department of Commerce’s Chief Examiner, Aeton de Long-Hersh, provided a reminder to credit unions.

Combining Periodic Statements: The official commentary from the Consumer Financial Protection Bureau for residential mortgage periodic statements allows credit unions to include “combined disclosures” onto the mortgage periodic statement, unless other state and federal laws prohibit.
FULL ARTICLE: MEMBERS ONLY

Compliance & Regulatory Updates: Aug. 23, 2023

8/23/2023

 
FFIEC Releases Updates to BSA/AML Examination Manual: The FFIEC members have reorganized some existing sections of the Manual to create new, individual sections based on specific regulations. 

Department of Commerce, Department of Treasury and Department of Justice Issue Tri-Seal Compliance Note for Voluntary Self Disclosure (VSD) of Potential Violations: The three agencies issued to US businesses a compliance note on July 26, to guide VSD when potential violations of compliance with (administrative or criminal violations) sanctions, export controls, and other national security laws.
FULL ARTICLE: MEMBERS ONLY

NCUA New Guidance on Cyber Incident Reporting

8/16/2023

 
​On August 7, the NCUA issued a Letter to Credit Unions providing additional guidance on the agency’s “cyber incident notification requirements rule.”
FULL ARTICLE: MEMBERS ONLY

Regulatory & Compliances Updates: Aug. 2, 2023

8/2/2023

 
Recording Available: We had great participation on the Recreational Marijuana and Credit Union Implications webinar last week. 

NCUA Contingency Funding Plans: On July 23, the NCUA issued new guidance in a letter to federally insured credit unions with an addendum to the Interagency Policy Statement on Funding and Liquidity Risk Management: Importance of Contingency Funding Plans. 

​
Compliance and Legal Outreach in Duluth: Members Cooperative Credit Union will be hosting the next Network compliance and legal outreach on August 22 at their Spirit Valley location in Duluth.
FULL ARTICLE: MEMBERS ONLY

Compliance & Regulatory Updates: July 19, 2023

7/19/2023

 
Final Rule on Governance Modernization: The NCUA will meet on July 20 to discuss the final rule amending federal credit union bylaws regarding member expulsion implementing the Credit Union Governance Modernization Act (CUGMA), which was signed into law in March 2022. 

Fraud Exception in Reg CC: Section 229.13 of Regulation CC provides six exceptions allowing credit unions to extend the hold period for deposits that carry a higher risk to the institution due to their size, collectability, or the member’s deposit history (or lack thereof) and do not apply to cash or electronic payments. ​
FULL ARTICLE: MEMBERS ONLY

Compliance & Regulatory Updates: July 12, 2023

7/11/2023

 
MnCUN to Host Legal & Compliance Meetings: As part of the Minnesota Credit Union Network's work to build the trade association of the future, Network 2.0, we are pleased to announce a new outreach program bringing legal and compliance meetings to our members throughout the state. 

Recreational Marijuana Law and Credit Union Implications Webinar: Join MnCUN on July 27 starting at 2:00 p.m. 

​
Can Minors Vote at Credit Unions Annual Meetings? 
​

NCUA Simplified CECL Tool Updated: The National Credit Union Administration released the June 2023 update of its Simplified CECL Tool.
FULL ARTICLE: MEMBERS ONLY
<<Previous

    The Pulse

    The Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. 

    ​The publication is delivered to credit unions weekly and offers timely and relevant credit union news, compliance updates and political information.

    You can subscribe to the Pulse by updating your subscriptions in the Member Portal

    Archives

    September 2023
    August 2023
    July 2023
    June 2023
    May 2023
    April 2023
    March 2023
    February 2023
    January 2023
    December 2022
    November 2022
    October 2022
    September 2022
    August 2022
    July 2022
    June 2022
    May 2022
    April 2022
    March 2022
    February 2022
    January 2022
    December 2021
    November 2021
    October 2021
    September 2021
    August 2021
    July 2021
    June 2021
    May 2021
    April 2021
    March 2021
    February 2021
    January 2021
    December 2020
    November 2020
    October 2020
    September 2020
    August 2020
    July 2020
    June 2020

    Categories

    All
    Awareness
    Chapters
    COVID 19
    COVID-19
    Credit Unions In The News
    DEI
    Foundation
    Governmental Affairs
    Network News
    Products & Solutions
    Professional Development
    Regulatory & Compliance

    RSS Feed

Partner with Us
Contact Us
Request login credentials
About MnCUN
​
About Credit Unions
​CUNA
Picture
Copyright Minnesota Credit Union Network.  All Rights Reserved.
555 Wabasha Street North, Suite 200 |  Saint Paul, MN 55102
Phone: (651) 288-5170 | info@mncun.org | sitemap
If you are using a screen reader and are having problems using this website, please call (800) 477-1034 or email info@mncun.org for assistance.


Picture