State-chartered credit unions (SCUs) are required to file Form 990, Information Return of Organization Exempt From Income Tax. In an effort to enhance transparency and promote compliance, the Internal Revenue Service (IRS) has completely redesigned Form 990 beginning with the 2008 filing year.
State regulators asked NASCUS to organize training for SCUs on completing the revised Form 990. NASCUS asked Kevin Fincher, Clifton Gunderson, LLP, to join us on November 19 to help SCUs gain an understanding of the new Form 990 and its filing requirements. The webinar will include discussion on compensation reporting, new management and governance disclosures and an update on additional reporting requirements. Even if your credit union still participates in a group filing, this information will be useful in understanding the new information your credit union will be required to disclose this year.
Registration is $59 for NASCUS members, $39 for small credit unions with assets under $10 million and $119 for nonmembers.