NCUA's culture council gets underway
The NCUA's new Culture, Diversity, and Inclusion Council – which was announced at the agency's first Diversity, Equity and Inclusion (DEI) Summit in November – officially launched last week. The council's first task is to conduct an agency-wide survey to examine its current organizational culture and identify improvement areas.
"For the NCUA to effectively carry out its mission, every staff member should be respected, and diversity and inclusion should be truly fostered," said NCUA Chairman Rodney Hood during the council's kick-off event Friday. "All of NCUA’s employees should come to work knowing that all of us, directly or indirectly, can improve the lives of hard-working credit union members in ways both big and small. I know this is a mission that makes me excited to come to work every day because we are responsible for protecting the safety and soundness of America’s credit union system."
Also in his remarks, Hood outlined his expectations for the council and the agency as a whole as they work to ensure a welcoming environment and inclusive culture.
Credit unions continue to lead the charge as the NCUA and lawmakers work toward greater diversity in the financial services industry and NAFCU consistently works to ensure credit union can meet the needs of all members in their communities, supporting the NCUA's efforts to modernize field of membership rules.
Last month, the NCUA released its 2019 Office of Minority and Women Inclusion Annual Report that outlined diversity and inclusion at the agency and within the credit union industry using data from the voluntary Credit Union Diversity Self-Assessment tool. The new council was also highlighted in the report.
At the agency's DEI Summit in November, NAFCU Director of Regulatory Affairs Ann Kossachev led a think-tank exercise during the summit to generate conversation and solutions to existing and emerging challenges related to advancing DEI.
In addition, a representative from a NAFCU-member credit union testified last year before a House Financial Services subcommittee on credit unions' commitment to diversity and serving communities in need.
NAFCU will continue to support DEI efforts within the credit union industry to ensure all Americans have access to safe, affordable financial products and services.
Add to Calendar 2020-06-04 14:00:00 2020-06-04 14:00:00 BSA for Seasoned BSA Officers Without question, these are challenging times for BSA/AML officers, made even more challenging by the COVID-19 pandemic. The Bank Secrecy Act (BSA) was enacted in 1970 to combat organized crime and tax evasion. In the 1980s and 1990s, its focus became money laundering and narcotics trafficking, and then, after 9/11, it became a primary weapon against terrorist financing. The BSA has now evolved to include areas such as human trafficking, elder abuse, and a host of other financial crimes. At the same time, regulatory requirements and examiner expectations have continued to expand, adding to compliance costs and burdens. New technologies have emerged that could potentially increase the effectiveness and efficiency of the system, but also create vulnerabilities that can be exploited by criminals. Meanwhile, there is a growing consensus for BSA reform within the financial services industry, among the regulators, and in Congress, but reform efforts to date have been modest, and reform bills introduced in the Congress have stalled. During this webinar, we will discuss the latest regulatory guidance, and examiner expectations in the BSA/AML area. We will also discuss emerging high-risk areas provide practical advice on how to navigate the issues and mitigate risks. This webinar will provide seasoned BSA officers with a better understanding of the challenges they face, and discuss ways to ensure that they meet those challenges. PROGRAM UNDERWRITTEN BY Key Takeaways Understand how BSA/AML requirements and examiner expectations continue to evolve and expand, increasing compliance costs and challenges Review how modern technology can increase effectiveness and efficiencies, but also create vulnerabilities Discuss the consensus for BSA reform within the financial services industry, and among regulators and legislators Identify how the COVID-19 pandemic creates its own set of challenges in the BSA/AML area Register Now$295 Members | $395 Nonmembers (Additional $50 for CD)One registration gives your entire credit union access to the on-demand recording until June 4, 2021.Already registered? Go to the Online Training Center to view live. Who Should Attend? NAFCU Certified Bank Secrecy Officers (NCBSOs) NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) BSA, AML staff Risk, audit, fraud staff Education Credits NCBSOs will receive 1.5 CEUs for participating in this webinar. 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, Education Manager, NAFCU Learning Objectives: Understand how BSA/AML requirements and examiner expectations continue to evolve and expand, increasing compliance costs and challenges. Review how modern technology can increase effectiveness and efficiencies, but also create vulnerabilities. Discuss the consensus for BSA reform within the financial services industry, and among regulators and legislators. Identify how the COVID-19 pandemic creates its own set of challenges in the BSA/AML area. 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: Specialized Knowledge - 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 email@example.com America/New_York public
Credits: NCCO, NCRM, NCBSO, CPE
Program underwritten by Franklin Madison
Add to Calendar 2020-06-04 14:00:00 2020-06-04 14:00:00 Credit Loss in the Time of COVID-19: Methods to Better Prepare Your CU About the Webinar Credit unions have experienced unanticipated, rapid, and systemic shock. The initial losses are already staggering, with the full magnitude of the crisis yet-to-be determined. While new jobless claims may be leveling off, the number of people continuing to receive unemployment benefits could remain at record levels for many months to come. Whether responding to the current crisis environment, or planning for eventual recovery and rebuilding phases, credit unions are forced to throw out and rethink all of their previous forecasts. In this webinar, we’ll discuss: Evolving methods and variables for reasonable and supportable forecasting New tools and resources to augment internal processes and staffing levels - with ways to quickly adapt for risk assessments and mitigation Techniques and resources available to credit unions to interpret macro-economic variables into actionable intelligence on their portfolios How credit unions can assess potential losses under multiple scenarios and time horizons to help appropriately manage credit risk Watch the the Webinar On-Demand Web NAFCU firstname.lastname@example.org America/New_York public
Credit Unions, Consumer Lending
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