NAFCU launches CDFI Working Group
NAFCU has launched a new working group for member credit unions focused on Community Development Financial Institutions (CDFIs). The group held its inaugural meeting Thursday to discuss recent updates, including the status of the CDFI Fund’s new application and ongoing blackout period.
During the meeting, participants reviewed proposed changes to the CDFI Certification Application; NAFCU has raised concerns to the CDFI Fund and lawmakers that the changes will restrict access to the fund and its resources. Earlier this year, the fund indefinitely delayed the release of the new application as it attempted to work through revisions after public comment.
In addition, President Joe Biden’s proposed 2024 budget included increased funding for the CDFI Fund, as well as money for the CDFI Bond Guarantee Program and Community Development Revolving Loan Fund. Lawmakers are currently holding appropriations hearings to consider allocations; NAFCU noted that there are opportunities to further engage lawmakers on application and process concerns and the need for funding.
The CDFI Fund is currently in a blackout period and not accepting CDFI applications while it works on the revisions. The fund provided FAQs for the blackout period, which announced that organizations seeking certification for the first time prior to the blackout period will now be required to submit a new application within 12 months to demonstrate compliance to the new policies.
The working group Thursday discussed the impact of this delay on funding, and the potential impact of and concerns with the new application. The group also reviewed issues with the Emergency Capital Investment Program (ECIP) loans; the Treasury Department closed the most recent round of ECIP applications at the end of February. NAFCU encourages any interested CDFI credit unions to join the working group, email our Senior Associate Director of Legislative Affairs Lewis Plush (firstname.lastname@example.org) to join the group.
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Board and Governance
Add to Calendar 2023-06-06 14:00:00 2023-06-06 14:00:00 Avoiding and Resolving Harassment Claims: A Primer for Board Members The #me-too movement may have receded from the front of public consciousness, but the need to prevent and resolve harassment claims remains a key function for any employer. As community-oriented organizations, credit unions more than most feel a responsibility for the well-being of their members, employees and volunteers. This webinar, Avoiding and Resolving Harassment Claims: A Primer for Board Members provides both an introduction to the subject for board members, as well as selected deep dives on particular issues of interest to credit union volunteer boards. Key Takeaways Learn to identify the hallmarks of a situation in which it is appropriate for the board to become involved, as opposed to permitting effective resolution through normal human resources procedures Recognize the breadth of current law governing harassment claims, including newly prominent protected categories, the nature and severity of conduct which may constitute harassment, and the fact that conduct that may not rise to the level of a state or federal law civil rights violation may still violate the credit union’s own internal policies, procedures, and ideals, and be subject to appropriate discipline and remedial action Discover appropriate oversight roles for board officers, committee members including supervisory committee members, and other Board members, particularly in the context of passing along a report or complaint of harassment or inappropriate conduct Register Now$295 Members | $395 Nonmembers (Additional $50 for USB)One registration gives your entire team access to the live webinar and on-demand recording until June 6, 2024.Go to the Online Training Center to access the webinar after purchase » Who Should Attend Board of director titles NCVEs and volunteer titles HR titles Education Credits NCVEs will receive 1.0 CEUs for participating in this webinar Web NAFCU email@example.com America/New_York public
Avoiding and Resolving Harassment Claims: A Primer for Board Members
Add to Calendar 2023-06-06 09:00:00 2023-06-06 09:00:00 Fighting Fraud: The Role of Fraud Fusion Centers Listen On: Key Takeaways: [00:56] The concept of a Fraud Fusion Center is a collaboration among professional fraud fighters. Anyone that has been doing this for a while forms a network of trusted advisors and we all go to each other anytime we come across some new or complex case. [02:50] Scams have always been around but the emergence of AI has made them far more sophisticated than we have ever seen before. [05:55] Person-to-person payment apps like Zelle, Venmo, and CashApp are not protected like debit and credit cards. [08:30] Every single time that new technology comes out that makes our lives better, fraudsters will find a way to exploit it. The current state of cyber fraud points credit unions in a lose-lose situation. [20:04] By identifying the information at one credit union and getting it out to others they are getting ahead of these threats. [22:19] Fraud Fusion Centers are critical. Formalize it and make it happen. Web NAFCU firstname.lastname@example.org America/New_York public
Fighting Fraud: The Role of Fraud Fusion Centers
Security, Fraud, Risk Management
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Board and Governance
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