Resources available for CUs affected by Tropical Storm Barry
As Tropical Storm Barry hits the Gulf Coast, the NCUA urged credit unions in its path to be safe and take precautions. There are a number of resources available to credit unions and consumers affected by natural disasters; NAFCU stands ready to help credit unions in need of assistance as they and their members recover from the storm.
These resources can also be used by credit unions that were impacted by recent earthquakes in California and Washington state.
NAFCU has prepared specific resources and information for credit unions affected by disasters – including a guide for credit unions to support disaster relief.
The NCUA also has resources available on its Hurricane and Disaster Information page. The agency's Credit Union Resources and Expansion office can provide urgent need grants of up to $7,500 per year to low-income credit unions that experience sudden costs to restore operations interrupted by a disaster.
The CFPB has available a financial management guide to help those consumers preparing for, recovering from or rebuilding after a natural disaster.
Among other resources available to credit unions and their communities:
- FEMA has general information about disasters and usually creates resources for specific federal disaster declarations.
- State governments frequently release resources to help consumers and credit unions, which are often found on the state's emergency management division's website. Information specific to credit unions is sometimes included on the state financial institutions' regulator website.
- Credit unions that offer small business loans through the Small Business Administration may be interested in the administration's Disaster Loan Program. The agency also sometimes issues short-term deferments for certain loan programs following a federal disaster declaration.
- The National Credit Union Foundation's CUAid relief system is sometimes activated in response to a disaster. The program raises money for the Foundation's Disaster Relief Fund, which directly connects with area leagues to disburse funds through a grant program.
NAFCU will continue to support its members to ensure all have access to needed resources in the aftermath of the tropical storm.
Add to Calendar 2019-08-27 14:00:00 2019-08-27 14:00:00 Overdrafts and Error Resolution Procedures This presentation will review the regulatory requirements and practical considerations related to overdrafts and error resolution. Recently, there has been a rise in litigation and claims related to disclosures made for overdrafts and associated practices. We will review the applicable requirements for overdrafts and error resolution protocol to ensure that responsible overdraft programs are in place to protect not only the credit union but its members. Key Takeaways: Understand the importance of Regulation E’s safe harbors Learn how to maintain clear terminology in account agreements to avoid claims based on ambiguity Identify suitable policies and procedures that should be implemented to ensure compliance Understand how examiner training and secondary disclosure review will help minimize process errors Review card chargebacks and electronic transfer issues Discuss currently litigated issues posing the most risk to credit unions Purchase Now$295 Members | $395 Nonmembers (Additional $50 for CD) One registration gives your entire credit union access to the on-demand recording until August 27, 2020. Already registered? Go to the Online Training Center to view. Who Should Attend? NAFCU Certified Compliance Officers (NCCOs) NAFCU Certified Risk Managers (NCRMs) Compliance staff Risk staff Credit Union Staff Attorneys Education Credits 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, Associate Director of Education, NAFCU Learning Objectives: Understand the importance of Regulation E’s safe harbors. Learn how to maintain clear terminology in account agreements to avoid claims based on ambiguity. Identify suitable policies and procedures that should be implemented to ensure compliance. Understand how examiner training and secondary disclosure review will help minimize process errors. Review card chargebacks and electronic transfer issues. Discuss currently litigated issues posing the most risk to credit unions. 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: Regulatory Ethics - Technical National Association of Federally-Insured 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, CPE
Get daily updates.
Subscribe to NAFCU today.