Robert Caverly, League Vice President of Governmental Affairs, reflects on last week’s successful CUNA Governmental Affairs Conference (GAC) and the importance of returning to in-person advocacy.

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Topics in this week’s edition include:

• FinCEN Issues Alert on Potential Russian Sanctions Evasion Efforts
• NMLS Password Rules Changing this Month
• CFPB Issues Report on Medical Debt
• NCUA Issues Letter Regarding CAMELS
• March 23 NCUA Overdraft Protection Programs Webinar

InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources. Information on InfoSight, including overviews of state regulations, are reviewed annually by compliance professionals across the country, including the League’s own Compliance team. Request your login today.

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The Financial Crimes Enforcement Network (FinCEN) issued a FinCEN Alert, advising all financial institutions to be vigilant against potential efforts to evade the expansive sanctions and other U.S.-imposed restrictions implemented in connection with the Russian Federation’s further invasion of Ukraine.

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CUSO Home Lending is pleased to announce the promotion of Kyle Oliver to Vice President of Servicing & Strategic Initiatives. In his new role, Oliver will continue managing Servicing & Loss Mitigation, while expanding his responsibilities by working closely with the management team to focus on the implementation of strategic initiatives.

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Maine Credit Unions recently created a new Member Moment video that highlight the benefits of refinancing. The latest Financial Literacy Blog dives into this topic as well, covering the pros and cons with certain scenarios. Credit unions are encouraged to post Member Moment videos on their social media feeds and can share the Financial Literacy Blog with their members.

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Northeast CU is pleased to welcome Bonnie Ward as Vice President of Technology. As VP of IT, Ward will oversee digital infrastructure, digital development, and IT solutions. She also will define technology roadmaps and implementation.

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CUNA’s Small Credit Union Committee released the Small Credit Union Talent Strategy Guide to address the challenges and opportunities for talent acquisition. Created in partnership with CUNA Mutual Group, the strategy guide leverages small credit unions’ unique position in the marketplace to find, attract, and retain talent.

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Cumberland County FCU is happy to announce that it raised $1,913.36 through its first annual Giving Tree program. During the months of November and December, members and employees were encouraged to make a monetary donation or contribute a non-perishable food item to support local food pantries.

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Acadia FCU has promoted Teresa Driscoll to the position of Branch Manager at the credit union’s Ashland location.

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TruChoice FCU is pleased to announce it is now accepting applications for their scholarship program. The credit union will award three $1,000 scholarships to graduating high school seniors.

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This week, nearly 60 representatives from Maine credit unions and the League participated in CUNA’s Governmental Affairs Conference (GAC). The 2022 GAC marked the return of an in-person GAC following a virtual GAC in 2021 due to pandemic restrictions and concerns.

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Topics in this week’s edition include:

• New InfoSight Products
• Protecting Your Information
• NCUA Cybersecurity Alert – Important to Review!
• CFPB Bulletin on Vehicle Reposssessions
• Short Sale Disclosure Rule Proposed
• NCUA’s CAMELS Webinar on March 10

InfoSight is FREE to League CU employees as a benefit to membership and provides state and federal compliance and operations resources. Information on InfoSight, including overviews of state regulations, are reviewed annually by compliance professionals across the country, including the League’s own Compliance team. Request your login today.

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