AML System Validations: The Power and Pain of "Front-to-Back" Analysis
in CU Solutions

When it comes to AML system validation, many financial institutions limit their analysis to confirming that the alerts generated by the AML monitoring system (the "back") correspond to transactions from the core system (the "front"). This type of analysis, sometimes called a "back-to-front" analysis, is an important part of an AML system validation effort.

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FASB Proposes Modifying Effective Date of CECL Standard
in Compliance

The Financial Accounting Standards Board (FASB) board has proposed modifying the effective date of its Current Expected Credit Losses (CECL) standard for non-public companies, giving credit unions an extra year to prepare for the new rules.

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CUNA Updates Policy Analysis of Credit Union Tax Status.
in Advocacy

The paper reveals that the tax treatment Congress conveyed on credit unions roughly 100 years ago continues to serve the purpose for which it was created and is one of the best investments that the government makes in its citizens.

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NCUA Proposes One-Year Delay of Risk-Based Capital Rule
in Compliance

The National Credit Union Administration (NCUA) Board today proposed delaying by one-year implementation of the risk-based capital rule (RBC) to January 1, 2020; and modifying the definition of complex credit unions from $100 million to $500 million in assets.

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July 2018 Credit Union Trends Report
in CU Solutions

Credit unions picked up 475,000 in new memberships, and loan and savings balances grew at a 9.9% and 5.7% seasonally-adjusted annualized pace, according to the CUNA Mutual Group trends report.

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Emotional Intelligence Assessment & Workshop
in Education

This interactive session will provide you with a confidential emotional intelligence test with personal feedback and strategies on how you can improve your leadership capabilities. 

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