Jan 4, 2021
A Year in Review: 2020 Provided New Opportunities to Serve Members, Reassess Advocacy Efforts
It is fair to say that most of us are excited to put 2020 behind us. Despite the trials and tribulations caused by the COVID-19…
Advocacy Works
Dec 23, 2020
InfoSight Adds Sample Telecommuting Agreement
InfoSight has added a new Sample Telecommuting Agreement to the Remote Work – Telecommuting topic under the Employment channel. Also, a link has been added to CU PolicyPro’s Model…
Dec 23, 2020
Nacha Issues New Rule on Enforcing Egregious Violations
Nacha announced a new rule that took effect January 1, 2021. This rule will: Define an Egregious Violation as A willful or reckless action, and Involves at…
Dec 22, 2020
CFPB Issues Final Rule on Consumer Disclosures Related to Debt Collection
The Consumer Financial Protection Bureau (CFPB) recently issued a final rule to implement Fair Debt Collection Practices Act (FDCPA) requirements regarding certain disclosures for consumers. The rule requires debt…
Dec 18, 2020
NCUA Board Approves Final Subordinated Debt Rule, Extends COVID-19 Relief
The National Credit Union Administration Board (Board) met in the first of a special 2-day meeting. The following is a summary of the Thursday, Dec….
Dec 18, 2020
NCUA Q3 2020 State Credit Union Data Report: Strong Asset, Share, Deposit Growth
Federally insured credit unions experienced double-digit asset and share-and-deposit growth over the year ending in the third quarter of 2020, according to the latest NCUA Quarterly…
Dec 17, 2020
CrossState and Credit Union Leaders Join PA Department of Aging’s Financial Exploitation of Older Adults Task Force
The Pennsylvania Department of Aging (Aging) invited CrossState to serve on its Financial Exploitation of Older Adults Task Force. The task force will be comprised of state…
Dec 17, 2020
NJ Gov, Legislative Leaders Reach Deal on Tax Incentives, $11.5 Billion to Stimulate Economic Growth
New Jersey Gov. Phil Murphy and legislative leaders have reached an agreement on a six-year, $11.5 billion business tax incentive program that breaks a prolonged stalemate…
Dec 16, 2020
NJ, PA COVID-19 Vaccination Plans Available
As COVID-19 vaccines become available and distributed, public health professionals are laying the groundwork across the country for how best to distribute the vaccines. An FDA…
Dec 16, 2020
BSA Trainings for Staff and Volunteers Available Through CrossState
If an examiner asked your credit union staff about money laundering prevention procedures, could they properly explain the “how” and “why” of their Bank Secrecy Act (BSA) responsibilities? Could…