‘We take time to understand our SEGs, and we design products around their needs.’
April 1, 2012
We established a unique partnership in September 2011 with: Harborside Manor Apartments, a local apartment complex. As we looked locally for opportunities to expand our field of membership by adding additional select employee groups (SEG), we realized we’re neighbored by multiple apartment complexes. Each has employees we can serve.
The Department of Labor will publish its final rule Wednesday regarding employees’ eligibility for overtime pay--a rule which CUNA believes will have unintended negative consequences for credit unions, particularly smaller credit unions and those in non-metropolitan areas.
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.