Until there is additional guidance such as regulations implementing President Biden's vaccine mandate or guidance from NCUA, there is nothing to state that federally insured credit unions are 'federal contractors' for purposes of the President's COVID-19 Action Plan, note summaries from CUNA and NAFCU.

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Credit unions are being reminded by NCUA that many homeowner protection programs put in place by the government during the pandemic are now expiring, and credit unions have until Sept. 30 to act on a number of related issues. In a Letter to Credit Unions, the agency provided what it called “critical information” for complying with the expiration of the protection programs.

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We welcomed 50 credit union professionals from across the Commonwealth for the 4th Annual CONNECT Conference!

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NYDIG, a digital asset management firm, has partnered with the nation’s largest online banking solution providers to allow account holders to buy, sell and hold bitcoin. Credit union members can now trade bitcoin through online banking and
mobile banking channels. Offering this service to members significantly increases a credit union’s exposure to account takeovers. Learn more

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The latest edition of our Compliance Newsletter is posted here! This issue details new details related to President Biden's vaccine mandate; our continuing call-to-action on proposed IRS Reporting requirement, including new moves in the House to advance the proposal; and more...

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The Safer Federal Workforce Task Force released last Friday the Guidance many have been anticipating to implement President Biden’s Executive Order 14042: Ensuring Adequate COVID Safety Protocols for Federal Contractors (“Order”), issued Sept. 9, 2021. Rules regarding mandates for employers with more than 100 employees are still forthcoming. Importantly for credit unions: the Guidance does not address whether or not a federally insured depository is declared a federal contractor for purposes of the vaccination mandate.

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Each year we come together to celebrate International Credit Union Day (ICU Day)® and raise awareness about what it means for members around the world to have a credit union as their financial partner. Mark your calendar for October 21, 2021.

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You’re invited to participate in our quarterly series of CU-exclusive webinars designed to keep you fully informed of current mortgage lending practices, so you’re better prepared to help your members achieve their dreams of homeownership. Webinars begin Oct. 6.

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Congress might still include a proposal in budget reconciliation that would require financial institutions to report inflows and outflows for many more accounts to the IRS, despite resistance from the financial services industry. The League continues to encourage credit union advocates to use the Grassroots Action Center to send a message to lawmakers outlining our concerns with the proposal.

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The FY22 National Defense Authorization Act (NDAA) passed the House of Representatives on Thursday. In wins for credit unions, the legislation includes the Secure and Fair Enforcement (SAFE) Banking Act and language that would authorize the use of use remote online notarization and create national standards and protections for its use.

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