Gallagher

July 23, 2020 Add to Calendar 2020-07-23 14:00:00 2020-07-23 14:00:00 Excise Tax Update: Recent IRS Changes and Proposed Regulations About the Webinar The 2017 Tax Cuts and Jobs Act included a new Section 4960 that levied an excise tax on tax-exempt entities like credit unions. The excise tax, paid by the credit union, applies for covered employees on (1) remuneration in excess of $1 million and (2) excess parachute payments for highly-compensated employees. As expected with such wide and sweeping legislation, there were points of Section 4960 that needed further clarification. Until final regulations could be issued, the IRS allowed an organization to use its own reasonable, good faith interpretation of the statutory rules and guidance provided in IRS Notice 2019-09.  Recently, the IRS issued proposed regulations which provide needed clarifications and some new exceptions. While the proposed regulations are consistent with much of the previously issued guidance, the nuances of the new guidance and general complexity of the rules warrant careful review to ensure a credit union is fully prepared for compliance. Join us as we walk through the proposed regulations to understand the impact on your credit union’s bottom line.  Watch the Webinar On-Demand Web NAFCU digital@nafcu.org America/New_York public

Excise Tax Update: Recent IRS Changes and Proposed Regulations

July 16, 2020 Add to Calendar 2020-07-16 14:00:00 2020-07-16 14:00:00 Benefit Liability Management: Offsetting Employee and Executive Benefit Expenses About the Webinar Benefit Liability Management isn’t a new concept in the credit union industry, but the current financial environment is prompting many credit unions to take a second look at it. Sometimes called Benefits Pre-funding, it is simply purchasing an otherwise impermissible investment to offset employee and executive benefit expenses. Before implementing Benefit Liability Management, several key questions must be considered. While there is no right or wrong answer, it’s important to note that each credit union must carefully decide what’s appropriate for their particular situation and their membership. Join this webinar for an overview of Benefit Liability Management and discussion of these key considerations: 1.    Which otherwise impermissible investment is right for my credit union? 2.    What investment options are available? 3.    What is the accounting treatment? 4.    What compliance review is needed? 5.    Is it necessary to use a firm to implement benefit liability management? Watch the Webinar On-Demand Web NAFCU digital@nafcu.org America/New_York public

Benefit Liability Management: Offsetting Employee and Executive Benefit Expenses

June 11, 2020 Add to Calendar 2020-06-11 14:00:00 2020-06-11 14:00:00 Hot Topics in EFTA Compliance and Supervision The Electronic Fund Transfer Act (EFTA) provides protections to consumers in connection with most electronic payments that debit or credit the consumer’s asset account.  The provisions of this law impose obligations (and liability) chiefly on the financial institution holding the consumer’s account.  Though the EFTA has had some small changes in the last decade, substantial changes in the way consumers use financial services over the same period has driven keen interest in this area by regulators.  This includes the CFPB.  The Bureau has given close attention to deposit-related issues in its examination and enforcement activity and much of what the Bureau has focused on publicly relates to practices governed by the EFTA.  This webinar will provide an overview of several key aspects of the EFTA and its implementing regulation (Regulation E). You’ll also be provided with takeaways and insight into areas in which the Bureau has recently focused.  PROGRAM UNDERWRITTEN BY   Key Takeaways Consumer liability for unauthorized transactions; Error resolution issues; Stop payments for Pre-authorized EFTs; Record retention; and Remittances. Purchase Now$295 Members | $395 Nonmembers(Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until June 11, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Compliance staff Risk staff Education Credits NCCOs will receive 1.5 CEUs for participating in this webinar. NCRMs will receive 1.5 CEUs for participating in this webinar. CPA credit information is below; recommended 1.5 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives: Consumer liability for unauthorized transactions; Error resolution issues; Stop payments for Pre-authorized EFTs; Record retention; and Remittances. Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.5 credits Recommended Field of Study: Regulatory Ethics - Technical National Association of Federal Credit Unions (NAFCU) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. Learn more. About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, D.C. Your audio/video feed of the presenters includes presentation slides and downloadable handouts. You can easily submit your questions to the presenters at any time during the live broadcast, with no dialing over the phone! The audio and video stream directly through your computer. Web NAFCU digital@nafcu.org America/New_York public

Hot Topics in EFTA Compliance and Supervision

Credits: NCCO, NCRM, CPE

May 07, 2020 Add to Calendar 2020-05-07 14:00:00 2020-05-07 14:00:00 Executive Benefits Overview: Navigating Today’s Market About the Webinar When properly designed and serviced, executive benefits are an effective tool in retaining your key leaders. Executive benefits help maintain a leadership continuity that enables you to meet challenges, achieve strategic goals, and grow your organization. Join us for an overview of executive benefits: strategies, funding options, regulatory compliance, and the effect of today’s financial market. Watch the Webinar On-Demand Web NAFCU digital@nafcu.org America/New_York public

Executive Benefits Overview: Navigating Today’s Market