Event Calendar

May 2013 – February 2014

May 14 Tue
Payment Systems – Speaker Workshop Series @ Ashlar Village
9:30 am – 3:30 pm
Payment Systems - Speaker Workshop Series @ Ashlar Village | Wallingford | Connecticut | United States

Morning – Melanie Gluck, MasterCard

Afternoon – Tucker Foote, MasterCard

Morning Session: The Next Generation of Payments: The Future is Now

There is an urgent need for U.S. Payment Providers to position EMV and Mobile technology as strategic imperatives.

Have any of the following questions been addressed at your credit union?

  • What is EMV?
    • How is it used outside of the U.S.?
    • Why are we talking about it now?
    • What are the liability shift timelines for issuers and merchants?
    •  What are the key benefits (reduced fraud and loyalty/usage uptake)
  • What is our strategy related to EMV?
  • Do we agree it’s important?
  • Do we think the time is right to think about reissue on a mass or rolling basis?
  • How long would it take to be ready?
  • Have we discussed a mobile payments strategy?
  • Are we concerned about losing transactions?

To address these issues, we are pleased to present a Retail Payments Strategy Discussion. The program will feature an overview of EMV and Mobile Technology and how they will affect your short- and long-term retail strategies.

Afternoon Session: Payment Systems Legislation & Regulatory Compliance

Given the current credit regulation tenor and speculation on the possibility of heightened oversight, this workshop will address how to protect your debit and credit card operations from further
legislative intervention.

Specific legislative topics will include:

  • The merchant community’s lobbying efforts to expand interchange regulations;
  • Future restrictions on prepaid products; and,
  • Data security legislation with a specific focus on notification procedures and breach liability requirements.

Event Registration

 

Jun 13 Thu
Board Financial Literacy Training @ Credit Union League of Connecticut
5:00 pm – 7:00 pm

NCUA’s Letter to Federal Credit Unions #11-FCU-02, issued in February of 2011, requires that directors of FCUs “must have at least a working familiarity with basic finance and accounting practices, including the ability to read and understand the credit union’s balance sheet and income statement.”

It continues, “A director must understand these financial statements to participate in a meaningful manner in the direction and control of the institution.”

This session will be for NEW DIRECTORS who have joined your board since the last required training in the fall of 2012. This will be a two-hour session from 5:00-7:00 p.m. Sandwiches will be served. There is no cost to attend.

Topics will include:
• Balance sheet and income statement basics
• What does ‘off balance sheet’ mean
• The importance of trend analysis (tables or graphs)
• Key financial ratios
• What does ‘accrual accounting’ mean
• Delinquency reporting
• What is the Allowance for Loan and Lease Losses contra asset account and how is it related to the Provision for Loan and Lease expense
• NCUA 5300 quarterly reports
• Budgeting and ALM basics
• The risks: credit, liquidity, interest rate, compliance, strategic, transaction, and reputation
• Peer analysis
• Internal controls
• Asking the right questions

Jun 18 Tue
Policy Works Compliance Webinar: Intro to Truth in Lending/Reg Z @ Credit Union League of Conecticut
9:30 am – 11:30 am

policy_works_logo

 

The Truth in Lending Act (TILA) and the implementing regulation, Regulation Z, is a significant part of lending compliance. This session will be an introduction to TILA and Regulation Z, covering definitions, open-end loan disclosure requirements, closed-end loan disclosure requirements, as well as the special requirements for mortgages and credit cards. Attendees will learn the basics about compliance with this significant lending law.

TILA-RegZThe webinar will be followed by an ‘open discussion’ at the conclusion of the program.

Click for the Registration Flyer.

These webinars will be placed on the League’s member-protected area of the website.

Oct 29 Tue
E-Banking and Information Security Compliance @ League Education Center
9:00 am – 12:00 pm

E-Banking and Information Security Compliance

Speaker: Kris Buckley, President, Buckley Technology Group
Buckley Technology Group assists credit unions and other financial institutions with the technology and regulations specific to the financial services industry.

This event will cover a number of online banking compliance topics including:

-Electronic Banking Threats and Security

-Opening and Maintaining Accounts On-line

-Mobile Banking

-Remote Deposit Capture

For more information or to register click for the registration form.

Nov 5 Tue
Enterprise Risk Management – Speaker Workshop Series @ Ashlar Village
9:00 am – 12:00 pm

alloya-corporate-federal-credit-union-logoWorkshop Leader:
John Collins
Alloya Corporate FCU

Taking risk, and balancing it with returns, is one of the most fundamental things
all financial institutions – including credit unions – do.
While all organizations understand that balancing risk versus return is vitally important, few evaluate risk as a whole across their organization. Understanding systemic risk and how it can be mitigated allows organizations to better manage this critical process.

The program will explore Enterprise Risk Management (ERM) through an interactive presentation and dialog. The morning session will cover the basics of what ERM is and why it is important to credit unions, the regulatory requirements surrounding ERM, and how some have implemented ERM in their organization. It will also cover policy, procedure and governance.

The afternoon session will review a model program and provide a template for attendees to develop ERM programs that can be tailored to their individual credit unions. Attendees will leave the session with the necessary tools to develop and implement an ERM program at their shop.

The program presented will address the following questions:
• What is ERM?
• Why is ERM important?
• Are there any regulatory requirements for ERM?
• What are people in the credit union industry doing for ERM?
• What would model ERM program look like?
• What would an ERM policy look like?

Sponsored by CUNA Mutual Group

Nov 20 Wed
Don’t Tax My Credit Union Campaign
9:45 am
Don't Tax My Credit Union Campaign

Credit unions promote the economic well being of their members, especially those of modest means, through a system that is member-owned, volunteer-directed and not-for-profit.

The credit union mission has always been to ensure secure financial choices at lower costs for their members. That’s why credit unions offer financial products that provide better returns on savings, reduced rates on loans and lower or no fees on services.

While credit unions are regulated by the federal and state governments, they are also governed by volunteer boards elected by their membership. Credit unions don’t answer to stockholders, but to each of their 96 million members.

Credit unions invest in people by helping those who have been traditionally underserved by banks. Groups like seniors on fixed incomes, single working moms, minority communities needing greater community investment, and small business owners struggling to raise capital all rely on credit unions for important financial services at reasonable costs.

While the big banks have abandoned small businesses in droves because they just can’t make enough money, credit unions promote their small business members in a struggling economy by providing low cost credit alternatives. This credit union investment means millions of jobs across America.

Unfortunately, the big banks and some in Congress want to raise taxes and impose new fees on 96 million credit union members who represent 40% of all Americans, yet represent only 6% of the assets in financial institutions. And, they want to do this despite the fact that credit unions are not-for-profit and meeting their core mission every day.

That’s wrong and will imperil the credit union movement that so many have come to depend on for real financial choice.

Don’t let Congress raise taxes on 96 million credit union members. Don’t let Congress eliminate real financial choice. Don’t let Congress destroy our credit unions.

To learn even more about credit unions in your community, or join a credit union please visit http://www.asmarterchoice.org/.

Jan 9 Thu
“CFPB Mortgage Regulations Updates” Training Session @ Il Monticello
9:00 am – 4:30 pm
“CFPB Mortgage Regulations Updates” Training Session @ Il Monticello | Meriden | Connecticut | United States

“CFPB Mortgage Regulations Updates” Training Session

Agenda

9:00 –11:30 Attorney Robert Rutkowski    

Mortgage Loan Originator Rules, Escrow Accounts and New Requirements Based on CFPB Rules and Mortgage Servicing Rules Update.  Rob’s presentation will be comprehensive and cover many of the rules that will be changing in 2014 and 2015. 

Lunch 11:45 – 12:30

12:30 – 1:30 Elizabeth Ellis, CFPB

CFPB overview of changes to Mortgage Regulations

1:30 – 2:45 Roundtable/Panel Discussion

Hear what other credit unions are doing to prepare for 2014! Bring your questions!

2:45 Break

3:00 – 3:30 Attorney Jay Hershman

New HUD Closing Statements

CFPB Vendor Compliance Update

3:30 – 4:30 Michael Savenelli SR, BCI Financial Corp

Product update, CFPB changes and how they affect Reverse Mortgage process.

 

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Please email Sue at soloughlin@culct.coop to register or fill out this registration form.

Feb 11 Tue
ACH Exception Handling for RDFIs @ Webinar
2:00 pm – 3:00 pm

NEACH logo with TM


WHAT YOU NEED TO KNOW TO
BE COMPLIANT AND MITIGATE LOSSES

Stay up-to-speed on the ACH Exception Process with NEACH’s upcoming session

ACH Exception Handling for RDFIs
February 11, 2014
2:00 PM – 3:00 PM

When an ACH payment is unable to be processed, the result is an “exception item”.  This session is an in-depth view of the ACH exception process from the view of the RDFI. For RDFIs, improper handling of exception items may lead to losses or major compliance violations.  This session will review the various and numerous exceptions for RDFIs and address the proper steps in handling each item.

HOW TO REGISTER for NEACH Education: 

NEACH members:  Register at the member price of $195 for single events.

Non-NEACH members that are affiliated with the League:   Register at the reduced price of $220, a $75 discount off the non-NEACH member price of $295. Registration can be completed on the NEACH website, non-members must use promotion code-CTLEAGUE to receive the discount, and a link to the registration form is also is included in the email.

Register online at www.neach.org/education or download the registration form and fax to 781-338-9627.

Summary of Event Fees:

•           NEACH Members – $195 per event

•           Non-NEACH Members(CT CU League Member) – $220 per event

•           Non-Members – $295
Membership status will be verified upon receipt of registration, notifications of any cost adjustments will be made via email.