Event Calendar

April 2013 – March 2014

Apr 17 Wed
BSA and Red Flag Training @ Credit Union League of Conecticut
5:00 pm – 7:00 pm
BSA-resourcesFACILITATORS

Nick Moalli, VP Credit Union Services, CT League
Judy Britt, Training & Compliance Coordinator, CT League

PROGRAM

BSA
All credit union personnel and volunteers are required to receive BSA training on an annual basis.  Attendees will be provided with an anti-money laundering overview on the following topics:  BSA purpose and applicability; Minimal NCUA/FinCen requirements for BSA compliance; Member Identification Programs; Member Due Diligence; Situations covered by SARs; Tips on completing CTRs and SARs; SAR confidentiality; Penalties for failing to comply with SAR and CTR requirements; Recommendations for designing BSA; USA PATRIOT Act; and OFAC policies. 

RED FLAG
Topics will include: Designing Red Flag policies and procedures; Maintaining internal logs and reports; and Tips and trends for identifying Red Flag activity to determine if reports should be filed.

Click here  for the flyer and Registration Form.

A Certificate of Achievement will be distributed to attendees of League-affiliated CUs.  A light dinner will be provided.

Event Registration

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.

Sep 18 Wed
Affordable Care Act @ League Education Center
9:30 am – 11:30 am

Affordable Care Act: What You Need to Know

Topics:

  • Global Overview of Healthcare Changes
  • Challenges for CUs of All Employee Sizes
  • Issues for CUs to Consider When Reviewing Healthcare
  • Information on CT Network Options

Click for the Registration Flyer!

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.

Dec 18 Wed
Prize-Linked Savings Webinar
10:00 am

Please join us for a webinar to discuss Prize-Linked Savings (PLS) opportunities in Connecticut on Wednesday, December 18, 2013 at 10:00 a.m.

To register please contact Susan O’Loughlin at soloughlin@culct.coop.

During the 2013 legislative session, the CT General Assembly passed a bill that allows credit unions to offer savings promotion raffles – savings products that offer prizes in order to incent increased savings activity.  Connecticut is the 8thstate to pass similar legislation, following in the footsteps of Nebraska, Rhode Island, Washington, North Carolina, Maryland, Maine, and Michigan.As financial institutions, you are acutely aware of the importance of savings as part of someone’s financial portfolio.

The webinar will feature Doorways to Dreams Fund, a national non-profit that has been providing technical assistance, advice, and evaluation for PLS products around the country.  In this webinar, we will cover:

  • The basics of PLS
  • Overview of Connecticut law
  • Success/Impact in other states
  • Implementation considerations/how-tos

Please join us for a great conversation. Attending this webinar is not considered to be an indication of commitment to offer the product – the goal of the meeting is to get a shared understanding of the opportunity, discuss options in Connecticut, and see what credit unions would like to explore a prize-linked savings product. Please share this invitation with any relevant staff or other credit union partners.

For more information about savings promotion raffles/prize-linked savings products, the experience in Michigan with Save to Win, and additional new research, please visit

http://www.d2dfund.org/prize_linked_savings

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.

 

 

 

 

Mar 5 Wed
Compliance Training Webinar: Ability to Repay & Qualified Mortgage @ League Education Center
9:00 am – 11:00 am

We are pleased to announce the 2014 Compliance Training Workshops and Webinar series.  Hosted by the Credit Union League of CT and facilitated by the experts at M&M Consulting, LLC, these training workshops and webinars will provide comprehensive understanding of upcoming regulatory changes and assist in providing exciting solutions to the regulatory difficulties Connecticut credit unions are faced with.

This year, in an effort to maximize the benefits of this invaluable guidance, the league will provide the opportunity to attend the webinar portion of the series from the convenience of your credit union.  As always, the league is happy to provide the webinars at our office in Meriden at no cost to our affiliated credit unions.  If however, you are interested in attending from your credit union, the registration fee is $89.00 per webinar/per incoming telephone line.  You may have as many employees who wish to take advantage of any particular webinar attend from your credit union provided they are on the same telephone line for this small cost.  Registration to attend either option is required.

M&M Consulting, LLC experts will also serve as facilitators in the Workshop portion of this series.  These experts are secure in their knowledge, and confident of their ability to convey pertinent compliance information.  Affiliated credit unions will leave our Workshop training sessions with an understanding of how to meet  the challenges they face in today’s regulatory environment.  The workshops are available to our affiliated credit unions at no additional cost.  Dates will be announced and registration is required.

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The first webinar in the series focuses on the confusion around the new mortgage regulations.  It is scheduled for Wednesday, March 5th 9:00 am – 11:00 am and will provide comprehensive understanding on how these rules affect the mortgage products and services you provide your members, as well as how to comply with the regulations.  This is a great opportunity to obtain additional guidance now that the rules have taken effect and the need for implementation grows with more intensity.

Register