The Pulse
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As of October 8, 2021, ViClarity has updated PolicyAid as follows:
AHP Providing Health Insurance Quotes for 2022: The Minnesota Credit Union Employee Benefits Plan (Plan) is providing health insurance quotes for the 2022 plan year. Currently 17 employer groups participate in the Plan.
Session Two of Attorney’s Conference for Non-Attorneys November 10: Session Two of our Attorney’s Conference for Non-Attorneys webinar series takes place November 10 from 9:30 am to 12 pm. Analysis on Vaccine Mandates Application to Credit Unions: CUNA recently provided an analysis regarding whether the vaccine mandates apply to credit unions. During the NCUA’s 2021 DEI Summit, you can learn about best practices in expanding gender diversity in the executive ranks, as well as creating and maintaining credit union board diversity.
Register Today! Visit the NCUA's DEI Summit 2021 event page for updated agenda items, including sessions and speakers. Navigating and Understanding the End of Pandemic-Era Homeowner Protection Programs: Since the COVID-19 pandemic began in early 2020, the federal government has enacted a series of programs to help people stay in their homes.
NEW NCUA Examination Tool: MERIT is the NCUA’s new web-based examination platform that replaces AIRES, a 25-year old legacy examination application. In a letter to state chartered credit unions last week, the Minnesota Department of Commerce announced that it would continue to control the costs of regulation for another year and noted that prior year revenue was higher than expected.
As such, credit unions should see a reduction in this year's assessment and the examination rate will remain consistent. The assessment for fiscal year 2022 is $421,000, down from $453,000 in 2021 and $518,000 in 2020. The examination fee for fiscal year 2022 is $87 per hour. State chartered credit unions should contact Marcia Lewis, Minnesota Department of Commerce Chief Examiner with questions.
The webinars won’t just cover the risks, they will include risk mitigation strategies credit unions can use to help protect themselves. You’ll have the opportunity to hear from, and ask questions of, attorneys and other subject matter experts with expertise working with credit unions.
The conference will take place via live webinar on Sept. 28, Nov. 10 and Jan. 11. We also want our credit union attorneys to know that they more than welcome to attend and we would love to have you. Visit the Attorney's Conference for Non-Attorneys webpage for more details and the registration links. You have the option of registering for one or two of the webinars. There is a bundle discount if you register for all three. We also want our credit union attorneys to know that they more than welcome to attend and we would love to have you. If you have any questions, please contact MnCUN General Counsel, Tim Tacheny, via email or at 651-288-5517 NCUA’s NOL Policy Should Look Beyond the Numbers: In May, the National Credit Union Administration (NCUA) issued a request for comment on the policy for setting the National Credit Union Share Insurance Fund’s normal operating level (NOL).
NCUA Issues Proposed Rule on RBC and Request for Information on Digital Assets: At its meeting last week, the National Credit Union Administration (NCUA) Board issued a proposed rule and a request for comment.
On July 15, the IRS began sending out the advanced child tax credit payments. The payments are being delivered by direct deposit, check and debit card.
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The PulseThe Pulse is MnCUN's newsletter that keeps credit union professionals and board members updated on current news and information. Archives
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