Newsroom
February 15, 2017
NAFCU at Treasury to talk CDFI Fund
NAFCU Senior Regulatory Affairs Counsel Michael Emancipator is at the Treasury Department today to discuss credit union participation in the department's Community Development Financial Institutions Fund.
The discussion will also focus on Treasury's recent request for input from industry stakeholders on the CDFI designation process as the fund explores ways to enhance this process and reevaluates its criteria for CDFI eligibility.
Credit unions can comment via NAFCU's Regulatory Alert. Comments are due to the CDFI Fund by March 10.
Credit unions that have the agency's low-income designation share many of the qualifications required for CDFI certification. Last year, the NCUA and Treasury signed a memorandum of understanding to facilitate increased credit union involvement in the fund, with the aim of doubling the number of CDFI-certified credit unions.
The NCUA on Monday opened its first streamlined application round for CDFI Fund certification. The first 2017 application round will run through March 17.
Through the streamlined certification process, low-income-designated credit unions can submit data on loan originations and target markets to the NCUA's Office of Small Credit Union Initiatives. If the NCUA deems the credit union qualified, the agency will give the credit union an application form and the necessary data to complete it.
The discussion will also focus on Treasury's recent request for input from industry stakeholders on the CDFI designation process as the fund explores ways to enhance this process and reevaluates its criteria for CDFI eligibility.
Credit unions can comment via NAFCU's Regulatory Alert. Comments are due to the CDFI Fund by March 10.
Credit unions that have the agency's low-income designation share many of the qualifications required for CDFI certification. Last year, the NCUA and Treasury signed a memorandum of understanding to facilitate increased credit union involvement in the fund, with the aim of doubling the number of CDFI-certified credit unions.
The NCUA on Monday opened its first streamlined application round for CDFI Fund certification. The first 2017 application round will run through March 17.
Through the streamlined certification process, low-income-designated credit unions can submit data on loan originations and target markets to the NCUA's Office of Small Credit Union Initiatives. If the NCUA deems the credit union qualified, the agency will give the credit union an application form and the necessary data to complete it.
Share This
Related Resources
The Bottom Line on Insurance Tracking and Collateral Protection
Strategy
preferred partner
Allied Solutions
Blog Post
Resiliency In Your Incident Response Plan
Cybersecurity
preferred partner
DefenseStorm
Blog Post
Add to Calendar 2024-04-15 09:00:00 2024-04-15 09:00:00 Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs Listen On: Key Takeaways: [03:50] With the merger of a smaller credit union into a larger one you are really only dealing with integrating staff into the larger credit union. [05:53] When working with a merger of equals we start with a deep dive into the executive compensation and benefits of each organization. [09:09] If your current executive benefits provider doesn’t conduct regular plan evaluations, consider having a plan audit anyway. [13:46] Don’t overpay for these things if you don’t have to. When you have more options available that means the cost is more appropriate. [17:11] It is in a unified organization’s best interest to do tier timelines where we look at your top executives who are critical to the unified organization’s success today and then slowly add in the next levels. Web NAFCU digital@nafcu.org America/New_York public
Mergers and Acquisitions: Unifying Two Different Executive Total Compensation and Benefits Programs
preferred partner
Gallagher
Podcast
Add to Calendar 2024-04-11 14:00:00 2024-04-11 14:00:00 Regulation E: Impacts Across Your Institution Dive into regulatory excellence with, Regulation E: Impacts Across Your Institution. This webinar is tailored to empower you with the knowledge and strategies necessary to effectively implement the Electronic Funds Transfer Act (EFTA) and Regulation E within your operations. You’ll explore how to apply Regulation E across various business areas to ensure compliance obligations are met with precision. Key Takeaways Learn the basics of EFTA and Regulation E Understand how to apply Regulation E at your organization to detect processes and transactions that require Regulation E compliance Discover how Regulation E may apply to a large breath of areas in your institutions and functions for which you may rely on third-party vendors Review recent enforcement activity for non-compliance with EFTA and Regulation E 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 April 11, 2025Go to the Online Training Center to access the webinar after purchase » Who Should Attend NCCOs NCRMs Compliance and risk titles Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar Web NAFCU digital@nafcu.org America/New_York public
Regulation E: Impacts Across Your Institution
Credits: NCCO, NCRM
Webinar
Get daily updates.
Subscribe to NAFCU today.