October – November 2013
The ACH Network does not exist in a vacuum. Understanding the multi-layered regulatory requirements can help your institution identify potential problems and address issues of non-compliance. This workshop helps participants understand the impact of outside regulations on ACH Entries and is a must for Compliance Officers or any person responsible for ACH processing compliance.
Session content will focus heavily on NACHA Operating Rules compliance as it relates to both receiving and originating ACH Entries. The presenter will also address how other regulations such as Federal Regulations D, E,GG; UCC 4A; and OFAC impact ACH processing and compliance.
Issues that will be discussed include:
• Importance of up-to-date policies and procedures
• Taking action based on audit results
• How to best comply with your obligations under NACHA Operating Rules
Premier Wine Tasting Event!
Dress: Black Tie Optional/Dressy Dinner-Cocktail Party Wear
Cost: $100 per person ($75 for Young Professionals)*
*If you would like to assist our political action committee with your payment to this event please contact Kelly Fuhlbrigge. Otherwise, credit union checks can be made out to Credit Union League of CT. Payment can be made the day of the event.
Click for event registration form and hotel discount information.
Please FAX registration forms to Susan O’Loughlin at 203-294-4882 or email them to firstname.lastname@example.org. Thank You!
Bridgeport Chapter Meeting
Tuesday, October 22th, 2013
Augustyn’s Blue Goose Restaurant
326 Ferry Blvd.
Speaker: Timothy Shore, Training Manager, Seasons FCU
Program: Robbery Training
Agenda: 4:30-5:30 p.m. Robbery Training
5:30-6:00 p.m. Social Hour (cash bar)
6:00-7:00 p.m. Dinner – $35.00 per person
7:00 p.m. Chapter Meeting
Featuring a League Update by Keith Wiemert
Dinner: Roast Prime Rib au jus – Slowly roasted, cooked to your taste
Stuffed Shrimp – With crabmeat stuffing
Chicken Parmigiana – Topped with cheese & marinara sauce
Atlantic Salmon – Grilled with seasoned crumbs
Deadline to Register: Tuesday, October 15, 2013
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
-Remote Deposit Capture
For more information or to register click for the registration form.
Our Financial Reality Fair held at the State Capitol is an annual event that attracts legislators and government officials interested in seeing the kind of practical financial education that Connecticut credit unions are providing state high school students.
Hundreds of students from surrounding towns participate in this stimulating venue – our historic State Capitol Building!
Many volunteers are needed to insure the success of this important educational activity. Please consider volunteering!
Watch for more information on this exciting event!
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
This session will help financial institutions understand the risks of not only ACH payments but other payment systems as well. The “bad guys” tend to jump from one payment system to another looking for the path of least resistance. This session will address the latest trends in payments fraud and provide information that will help mitigate fraud risk. There will be focus on ACH fraud and the keys to defeating that fraud with good agreements, rule compliance and communication.
When: Monday, March 4th, 2013
Where: New Haven County Credit Union
450 Universal Drive
North Haven, Ct 06473
Agenda: 5:30 – Pizza and soft drinks available
5:45 – Brief Meeting and Election of Officers
(There will be no program, and the meeting should not run more
than 30 minutes.)
**** If anyone is interested in a position, please let Jim know. ****
Cost: No Cost to attend!
Please call Jim Howard to let him know you will attend
@ 203-234-8773 x 109, or email him at email@example.com,
so that he knows how many pizzas to order!
He will be ordering the pizza at four, so please
make sure you call beforehand!
Two Sessions: Morning and Afternoon:
9:00 a.m. – 12:00 p.m.
1:00 p.m. – 4:00 p.m.
Each session will cover the same material; participants need attend only one session.
Have you wondered what specific areas of the ACH rules are included in the audit requirements and what the most common areas of noncompliance are?
Arm yourself with “inside” information on how to best comply with the NACHA Audit requirements. We will review areas to be audited and also describe the most pressing compliance issues during this session.
- Return Time Frames and Reason Codes
- ACH Record Retention and Data Security
- Account Disclosures
- Third-Party Service Provider Agreements
- ACH Authorization and Origination Agreements
The program will be repeated in the afternoon, so choose the program that fits your schedule.