"It takes a village." That age-old proverb for raising a child was also suggested Tuesday by panelist Lily Newfarmer as one way to preserve the sustainability of small credit unions in the United States and throughout world.
Further CUNA analysis of the U.S. Department of Labor’s overtime rule found minor relief, but CUNA remains concerned about the increased burden on credit unions. Several CUNA-suggested changes were included in the final rule.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.