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May 23, 2022 Add to Calendar 2022-05-23 09:00:00 2022-05-23 09:00:00 Reassigning Plan Administrator Risk Listen On: Key Takeaways: [02:24] If we look at the typical qualified plan it is the client who is the plan sponsor or is assuming the role of the fiduciary for the client.  [14:32] Taking on a 3(16) role is not only understanding the law, rules, and requirements but knowing what is in that specific plan document and then applying that to that client’s specific circumstance.  [21:13] Determine if you want to retain all those functions, roles, and legal and financial responsibilities. Organizations big and small may be capable but it isn’t their day-to-day business so they don’t really want to focus on it and they want to outsource it.  [22:56] So many times the new hires are not offered the opportunity timely. At the end of the day, if that error isn’t caught, that participant loses out on the ability to save money long-term for retirement.  Web NAFCU digital@nafcu.org America/New_York public

Reassigning Plan Administrator Risk

Retirement, Retirement

May 23, 2022

CFPB Issues Advisory Opinion on ECOA and Reg B

Fair Lending

May 20, 2022 Add to Calendar 2022-05-20 14:00:00 2022-05-20 14:00:00 BSA Training for Your Board The Bank Secrecy Act (BSA) remains an area of heightened concern and examiners continue to elevate compliance expectations for your credit union. During this BSA Training for Your Board webinar, we will address the key components of BSA, Anti-Money Laundering (AML) and the Office of Foreign Asset Control (OFAC) compliance. You will leave with a basic understanding of the BSA, the current examiner focus for compliance and your role as a board member.  Covered Topics Program requirements Risk assessment Regulator focus Regulator updates and guidance Key Takeaways Understand the basic requirements of the BSA. Develop an understanding of BSA risks to apply to your credit union. Anticipate examiner expectations and how to satisfy them. Purchase 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 May 23, 2023.Go to the Online Training Center to access the webinar after purchase » Who Should Attend Board members Board chairs and vice chairs Supervisory committee members Presidents/CEOs Executive assistants Education Credits NCCOs will receive 1.0 CEUs for participating in this webinar NCRMs will recieve 1.0 CEUs for participating in this webinar NCVEs will receive 1.0 CEUs for participating in the webinar NCBSOs will receive 1.0 CEUs for participating in the webinar CPA credit information is below; recommended 1.0 CPE credits. CPA Certification Credit Information Reviewer: Josie Collins, Associate Director of Education, NAFCU Learning Objectives:  See key takeaways Program Level: Basic Prerequisites Needed: None Advance Preparation Needed: None Delivery Method: Group Internet-Based Recommended CPE Credits: 1.0 credits Recommended Field of Study: Regulatory Ethics – Technical About Our Webinars Our webinars are streamed live from NAFCU headquarters near Washington, DC. 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

BSA Training for Your Board

Credits: NCCO, NCRM, NCVE, NCBSO, CPE

May 19, 2022

Economic and CU Monitor (Special Topic: Financial Inclusion) - May 2022