Reps. McHenry and Budd thank CUs for stepping up during COVID-19
Attendees of NAFCU’s hybrid Congressional Caucus Tuesday received gratitude from House Financial Services Committee Member Ted Budd, R-N.C., and Ranking Member Patrick McHenry, R-N.C., for their efforts in guiding the industry’s 127 million credit union members during the pandemic crisis.
“[Credit unions] provide unique and necessary services, and that’s why I am always happy to fight to make it easier for your institutions to serve and fight for your members,” said Budd, who works with many credit unions across the country and especially those in North Carolina, to attendees.
Budd has advocated for several legislative efforts aimed at helping credit unions, including sending a letter to the Federal Reserve urging against the reopening of the Dodd-Frank Act’s Durbin Amendment rulemaking. “Financial institutions have been on the front lines of the pandemic, helping members with all needs,” said Budd, “I plan on continuing to stand up for consumers and the institutions that serve them.”
Additionally, McHenry discussed the importance of a regulatory framework that fosters innovation, stating that “right touch regulation” is what credit unions need and encouraged credit unions to be technology permissive rather than skeptical.
“[Credit unions] play a critical role in getting our economy back on track and helping families make longer term decisions in choppy water right now,” remarked McHenry.
Visions FCU and Lake Trust CU announced as NAFCU award winners
Lake Trust Credit Union’s Becky O'Connell was announced as the 2020 NAFCU Paul Revere Award recipient. The Paul Revere Award recognizes a NAFCU-member credit union advocate who goes to great lengths in his or her grassroots and political efforts.
Visions Federal Credit Union’s Ty Muse was awarded the 2020 NAFCU White Hat Award. The White Hat Award is given to the NAFCU member credit union that raised the most money for NAFCU/PAC in the previous year.
The third and final day of Caucus kicks off today, both in-person and virtually; view the agenda here.
Follow along on Twitter with #NAFCUCaucus for live event updates
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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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