NASCUS

CECL Webinar Series
2022-11-30 14:00 - 15:00, 2022-12-01 14:00 - 15:00 (America/New_York) | Virtual
The National Association of State Credit Union Supervisors (NASCUS), in conjunction with Sheila Balzer, is pleased to offer a webinar series devoted to Current Expected Credit Losses (CECL).
Join us for two 60-minute sessions on November 30 and December 1, 2022.

CECL: Basic Session
November 30, 2022, 2:00 pm – 3:00 pm EST
Speaker: Sheila Balzer
Description: Session will cover basic requirements and considerations under CECL methodology. Discussion of key controls that should be in place regarding the estimate.

CECL: Advanced Session
December 1, 2022, 2:00 pm – 3:00 pm EST
Speaker: Sheila Balzer
Description: Session will cover unique issues and difficulties for CECL adopters as implementation is near. Discussion of how CECL will impact 2023 audits and examinations. What should I be doing after implementation?

Sheila Balzer is an assurance partner with SingerLewak in Denver, Colorado. She specializes in working with credit unions, non-profit organizations, and employee benefit plans. She is a recognized expert and frequent presenter to volunteers and employees of credit unions on financial literacy. Sheila is a Magna Cum Laude graduate of the University of Denver and holds Bachelor of Science and Masters’ degrees in Accountancy. Her professional and civic activities include serving as a member of the Board of Directors of the AICPA, past member of the Accounting and Review Services Committee (standard setting body), past Chair of the Colorado Society of Certified Public Accountants, Board Member of the Colorado Society of Certified Public Accountants, Past Chair of the Colorado Society of Certified Public Accountants Educational Foundation, AICPA Council member, and chairing the Chatfield Senior High and Columbine High School Business Advisory Committee. Sheila was selected as one of six Women to Watch in the accounting profession in Colorado in 2012.

NASCUS Event: SSA and NCUA Meeting
2022-12-01 16:00 - 17:00 (America/New_York) | Virtual
NASCUS is working with state and federal regulatory agencies to explore ways to improve not just the state credit union systems regulatory environment, but its supervisory environment. These meetings are designed to bring state and federal regulators together to tackle issues and share best practices in an open forum.
These meetings help state regulators collaborate and enhance their efficiencies, which benefits the state agencies as well as the credit union regulatory system.
This meeting is by invitation only.

NASCUS Staff Liaisons:
John J. Kolhoff, NASCUS Senior Vice President of Policy and Supervision
Sarah Stevenson, NASCUS of Regulatory Affairs

Comment Letter Due: Federal Credit Union Bylaws Relating to Expulsion of a Member
2022-12-02 16:00 - 17:00 (America/New_York)
NCUA Proposed Rule Summary: Federal Credit Union Bylaws Relating to Expulsion of a Member
Read NASCUS Legislative and Regulatory Affairs Department Summary Here
September 27, 2022
During the September 22, 2022, NCUA Board Meeting, the Board approved for publication and comment a proposed rule providing bylaw amendments that would allow additional authority for FCUs in the expulsion of members for cause. The proposed rule seeks to incorporate legislative changes resulting from the March 15, 2022, effective Credit Union Governance Modernization Act of 2022 (Governance Modernization Act) which ordered NCUA to develop policy by which a FCU member may be expelled by a two-thirds vote of a quorum of the FCU’s board of directors.
The deadline to submit a comment is December 2nd, 2022. The proposed rule may be read in its entirety here.

Implications of the 5th Circuit Court’s Decision on CFPB Funding
2022-12-05 15:00 - 16:00 (America/New_York) | Virtual
Complementary Webinar

The 5th Circuit’s Decision on the CFPB’s Funding: What Does it Mean for the Bureau and are there Implications for NCUA and other Federal Agencies?
Join us in a discussion with our friends from the Manatt, Phelps & Phillips law firm about the implications of the 5th Circuit Court of Appeals decision in Community Financial Services Association of America v. Consumer Financial Protection Bureau, ruling that the CFPB’s independent funding structure is unconstitutional.

During this live webinar, we will walk through what was at issue in the case, what the court actually said, and what it means for the CFPB now.
We will also discuss the broader implications of the court’s ruling concerning the future of the CFPB and the scope of its delegated authority, and what the ruling could mean for other agencies, such as the NCUA, that also do not go through the Congressional appropriations process.
Guest speakers include:

Scott Pearson, Partner, Manatt, Phelps & Phillips
Bryan Schneider, Partner, Manatt, Phelps & Phillips
Mehul Madia, Counsel, Manatt, Phelps & Phillips

Registration is unlimited. This webinar is free of charge.

For more background, see this article from the attorneys at Manatt:
https://www.manatt.com/insights/newsletters/financial-services-law/lights-out-fifth-circuit-finds-cfpbs-funding-mech

Comment Letter Due: Proposed Rule on Subordinated Debt
2022-12-05 16:00 - 17:00 (America/New_York)
Notice of Proposed Rulemaking and Request for Comment
NCUA: Subordinated Debt
Read NASCUS Legislative and Regulatory Affairs Department Summary Here
October 5, 2022

At the September 22, 2022, NCUA Board meeting, the Board approved for comment a proposed rule that would amend the Subordinated Debt rule (the Current Rule), which the Board finalized in December 2020 with an effective date of January 1, 2022. The proposal would make two changes related to the maturity of Subordinated Debt Notes and Grandfathered Secondary Capital (GSC).
The proposed rule also includes four other minor modifications to the current subordinated debt rule. The proposed rule in its entirety can be found here. Comments are due December 5, 2022.

NASCUS Event: Kentucky Directors' College
2022-12-13 08:30 - 15:00 (America/Kentucky/Louisville)
Join Us On December 13, 2022

Board governance has never been more important as state and federal examiners continue to scrutinize the management and governance of credit unions to ensure a culture of compliance and competence emanates from the top down.
Senior staff and directors will join NASCUS and a panel of specialists exploring critical topics for every credit union’s leadership team.

Survey the legion of board policies required for federally insured credit unions and understand how and why they fit into the regulatory framework for your credit union
Understand the structure and role of a properly functioning supervisory committee

With cybersecurity top of mind for regulators, policymakers and credit union members, understand the top weaknesses in credit unions often exploited by hackers. And finally, enhance your board’s reading of the credit union’s annual audit report with a session focused on breaking down reports and identifying the key takeaways.
NASCUS Director Colleges, held around the country, are perfectly calibrated to combine important but digestible information for directors in a relaxed setting. Attendees will network over coffee before starting the morning session, breaking for lunch (provided) and the finishing up by 3pm.
Click on the registration button below to view the agenda.

This hybrid event allows learning opportunities in-person or virtually from your desk.
Location
University of Louisville Event and Conference Center
ShelbyHurst, Room 162/163
450 N Whittington Pkwy, Louisville KY 40222
Pricing

$199 NASCUS and Kentucky Credit Union League Members (in-person or virtual options)
$299 Non-members (in-person or virtual options)

2022 CFPB Research Conference
2022-12-15 - 2022-12-16
2022 CFPB Research Conference
In person registration is open until December 11th.
Livestream registration is now open.

On December 15–16, 2022, the CFPB will host its sixth research conference on consumer finance. The conference will be held in person at CFPB headquarters at 1700 G Street NW, Washington DC.

The goal of the conference is to connect the core community of researchers and policymakers, with a focus on research from a wide range of disciplines and approaches that can inform both groups on the topic of consumer finance.

Agenda

The two-day conference will feature a keynote address and eight sessions of researchers presenting their work with members of CFPB’s Office of Research serving as discussants.

See the agenda

Call for papers

For this conference, we welcome and encourage the submission of a broad range of research work.

View the call for papers

NASCUS Event: Tennessee Directors College
2022-12-15 08:00 - 15:00 (America/Chicago)
December 15, 2022
A state-specific opportunity for credit unions to hear firsthand from state regulators, including board-level policies, supervisory best practices, cybersecurity, audit reports, and much more.
Credit union board members, committee members, and management should not miss the Tennessee Directors College! We invite you to participate in this acclaimed, annual one-day session. Be sure to take advantage of this excellent training opportunity for directors and staff.
Location:
William R. Snodgrass Tennessee Tower
312 Rosa L. Parks Ave. Nashville, TN 37243
Pricing: $199 for Members | $299 for Non Members
Click on the registration button below to view the agenda.

NCUA Board Meeting
2022-12-15 10:00 - 12:00 (America/New_York)
Board Agenda for the December 15, 2022 Meeting

NATIONAL CREDIT UNION ADMINISTRATION

All NCUA Board meetings are held at its headquarters in Alexandria Virginia. NCUA’s open Board meetings are livestreamed and available afterward for viewing for one year. All future meetings’ agendas and schedules are subject to change. All open NCUA Board meetings are live.

TIME AND DATE: 10:00 a.m., Thursday, December 15, 2022
Click here to access the NCUA site and join the meeting.

PLACE:
Board Room, 7th Floor, Room 7047
1775 Duke Street (All visitors must use Diagonal Road Entrance)
Alexandria, VA 22314-3428
STATUS: Open
MATTER TO BE CONSIDERED:

Board Briefing, Share Insurance Fund 2023 Normal Operating Level.
NCUA’s 2023-2024 Budget.
Proposed Rule, Parts 701 and 714, Financial Innovation – Loan Participation, Eligible Obligations, and Notes of Liquidating Credit Unions.

FOR FURTHER INFORMATION CONTACT: Melane Conyers-Ausbrooks, Secretary of the Board, Telephone: 703.518.6304

NASCUS Event: State Supervisory Authority (SSA) Members Meeting
2022-12-15 16:00 - 17:00 (America/New_York)
NASCUS works with state regulatory agencies to explore ways to improve not just the state credit union systems regulatory environment, but its supervisory environment. These meetings are designed to bring regulators together to tackle issues and share best practices in an open forum.
These meetings help state regulators collaborate and enhance their efficiencies, which benefits the state agencies as well as the credit union regulatory system.
This meeting is by invitation only.

NASCUS Staff Liaisons:
John J. Kolhoff, NASCUS Senior Vice President of Policy and Supervision
Sarah Stevenson, NASCUS of Regulatory Affairs

Final Rule Effective: Asset Threshold for Determining the Appropriate Supervisory Office; ONES
2023-01-01
Final Rule: Asset Threshold for Determining the Appropriate Supervisory Office;
Office of National Examinations and Supervision (ONES)
Read NASCUS Legislative and Regulatory Affairs Department Summary Here
August 3, 2022
The NCUA Board is amending its regulations to revise the $10 billion asset threshold used for assigning supervision of consumer federally insured credit unions (FICUs) to the Office of National Examinations and Supervision (ONES). The rule does not alter any regulatory requirements for covered credit unions. The rule only applies to FICUs whose assets are $10 billion or more. The rule provides that covered credit unions with less than $15 billion in total assets, referred to as Tier I credit unions, will be supervised by the appropriate NCUA Regional Office. Credit unions with $15 billion or more in total assets, considered Tier II and Tier III, will continue to be supervised by ONES.
The final rule is effective January 1, 2023, and can be found in its entirety here.

NASCUS Event: Legislative and Regulatory Affairs Committee Meeting
2023-01-11 15:00 - 16:00, 2023-02-08 15:00 - 16:00, 2023-03-08 15:00 - 16:00 (America/New_York) | Virtual
The Legislative and Regulatory Affairs Committee is a standing committee that works to advance legislative and regulatory solutions that preserve a viable and attractive state credit union system.
This committee, comprised of regulators, credit unions, and leagues, develops NASCUS’ comment letters, recommends NASCUS policy positions, and guides NASCUS legislative activity. The Committee may form smaller working groups, as needed, to examine specific questions. The Committee may also host special subject matter events on emerging issues.
By invitation only.
Click here for a full list of Regulator and Credit Union Committee Members
NASCUS Staff Liaisons:
John J. Kolhoff, NASCUS Senior Vice President of Policy and Supervision
Nichole Seabron, NASCUS Vice President of Legislative/Regulatory Counsel
Sarah Stevenson, NASCUS of Regulatory Affairs

Martin Luther King Jr. Day
2023-01-16
Martin Luther King Jr. Day celebrates the national civil rights leader who was instrumental in challenging the racial caste system that delineated how millions of Americans lived their lives.

To learn more about this extraordinary man, click on the links below.

The Martin Luther King, Jr. Research and Education Institute
Learning and Living the Legacy of Martin Luther King, Jr.
Six Ideas for Teaching About the Life and Legacy of Dr. King

FFIEC Appraisal Subcommittee Hearing on Appraisal Bias
2023-01-24 10:00 - 12:00 (America/New_York) | Virtual
Join the Federal Financial Institutions Examination Council’s Appraisal Subcommittee (ASC) for a hearing about appraisal bias. Invited witnesses representing key stakeholder groups will share their views with the ASC during the hearing.
The hearing will take place on Tuesday, January 24, 2023 from 10:00 a.m. – 12:00 p.m. EST. Members of the public are invited to listen to the hearing and provide written comments. Comments can be submitted to AppraisalBiasHearing@asc.gov until February 8, 2023.
The hearing will be held in-person at the Consumer Financial Protection Bureau (CFPB) Headquarters at 1700 G Street NW, Washington, DC 20552. For those that can’t attend in-person, the hearing will also be livestreamed.
This event is open to the public and requires an RSVP. Please register if you plan to attend or view the hearing. RSVP here.
If you require a reasonable accommodation in order to attend this event, please contact CFPB_ReasonableAccommodations@cfpb.gov 72 hours prior to the start of this event.
This announcement will be updated with more details as they become available.
More information about the Appraisal Subcommittee can be found here .
Link to CFPB posting can be found here.

NCUA Board Meeting
2023-01-26 10:00 - 12:00, 2023-02-16 10:00 - 12:00, 2023-03-16 10:00 - 12:00 (America/New_York)
All meetings of the NCUA Board are held at its headquarters at 1775 Duke Street in Alexandria, Virginia. Visitors are encouraged to register in advance to attend Board meetings in person and must enter the building at the agency’s Visitor Center on Diagonal Road.
NCUA’s open Board meetings are also livestreamed on the NCUA’s YouTube channel and available afterward for viewing for one year.
Click here for redirection to the NCUA website for agenda’s and meeting notes.
All future meetings’ agendas and schedules are subject to change.

NASCUS Event: State Supervisory Authority (SSA) Members Meeting
2023-01-26 16:00 - 17:00, 2023-02-23 16:00 - 17:00, 2023-03-23 16:00 - 17:00 (America/New_York)
NASCUS works with state regulatory agencies to explore ways to improve not just the state credit union systems regulatory environment, but its supervisory environment. These meetings are designed to bring regulators together to tackle issues and share best practices in an open forum.
These meetings help state regulators collaborate and enhance their efficiencies, which benefits the state agencies as well as the credit union regulatory system.
This meeting is by invitation only.

NASCUS Staff Liaisons:
John J. Kolhoff, NASCUS Senior Vice President of Policy and Supervision
Sarah Stevenson, NASCUS Vice President of Regulatory Affairs

NCUA 2023 Supervisory Priorities Webinar
2023-01-31 14:00 - 15:00 (America/New_York) | Virtual
The National Credit Union Administration on Jan. 31 will host a webinar discussing the 2023 Supervisory Priorities Letter to Credit Unions.
Registration for this event is now open. Christel Orusede, from the NCUA’s Office of Examination and Insurance, will moderate a panel of NCUA subject matter experts who will discuss topics outlining NCUA’s supervisory priorities and other aspects of the agency’s examination program for 2023 to help credit unions prepare for their next NCUA examination.

The “2023 Supervisory Priorities” webinar is scheduled to begin at 2 p.m. Eastern and last approximately 60 minutes. There is no charge. There will be a question-and-answer period afterward.
Participants will be able to log into the webinar and view it on their computers or mobile devices using the registration link. They should allow pop-ups from this website. The webinar will be closed captioned and archived approximately one week following the live event.
Participants can submit questions during the presentation or in advance by emailing WebinarQuestions@ncua.gov. The email’s subject line should read, “2023 Supervisory Priorities.” Please email technical questions about accessing the webinar to either uccwebinar@ncua.gov or uccsupport@ncua.gov.

L&R Committee: Litigation Trends & Outlook Webinar
2023-02-16 15:00 - 16:30 (America/New_York) | Virtual
NASCUS invites all members to attend a complimentary webinar covering the latest in litigation in the financial services sector. We will be joined by our friend Fred Burnside (Davis Wright Tremaine LLP) who will survey the latest in overdraft fee litigation, Regulation E cases, Zelle litigation, issues related to ACH fees, and much more.
For NASCUS Members, L&R Committee members
Date/Time: Thursday, February 16, from 3:00 – 4:30 pm EST.
A recording of the presentation will be available following the session.

This free webinar, presented by NASCUS’s L&R Committee and Education Department. A meeting link will be sent out on the day of the webinar with the link details.
Questions? Please contact Isaida Woo at Isaida@nascus.org
Registration is required. There is no cost for attending as a NASCUS member benefit.

Speaker

Fred Burnside concentrates his complex civil litigation practice on matters related to class-action defense, consumer financial services, and hydroelectric relicensing. His more than two decades as an attorney is distinguished by significant victories secured on behalf of financial service providers, at trial and on appeal in state and federal courts, particularly in class action lawsuits regarding non-sufficient funds (NSF) fees.
Fred obtained a motion to dismiss in the pioneer class action lawsuit over NSF fee practices and has since successfully defended other major financial services providers facing similar claims. He also has the rare experience of taking a financial services class action through a jury trial—and winning. With an established track record of securing outright victory or favourable settlement, Fred has become the go-to NSF fee attorney for consumer financial service providers facing class action lawsuits.
His leadership at DWT includes serving as the co-chair of the class action defense group, and he previously served as the firm’s deputy litigation department practice group chair, Executive Committee member, and on the firm’s Share (Compensation) Committee. He is a co-chair of the ABA’s Annual National Institute on Class Actions, editor of the ABA Class Action Committee’s Annual Survey of State Class Action Litigation, and a member of the American Law Institute.

A Virtual Public Meeting of the CDFI Fund’s Advisory Board
2023-02-28 14:00 - 16:00 (America/New_York) | Virtual
A Virtual Public Meeting of the CDFI Fund’s Advisory Board will be Held on February 28, 2023

The Community Development Financial Institutions Fund (CDFI Fund) is convening a meeting of the Community Development Advisory Board (the Advisory Board) from 2:00 to 4:00 p.m. Eastern Time on Tuesday, February 28, 2023. This meeting will be conducted virtually.
The function of the Advisory Board is to advise the Director of the CDFI Fund on the policies regarding the activities of the CDFI Fund. The Advisory Board does not advise the CDFI Fund on approving or declining any particular application for monetary or non-monetary awards.
Please use the following link to view the official meeting notice, which is being released in advance of its publication in the Federal Register on February 9, 2023.
Accessing the Virtual Meeting
This virtual meeting of the Advisory Board is open to the public and free of charge. Members of the public who wish to view this virtual meeting will be required to register upon entry into the virtual meeting.
Viewing this virtual meeting requires the use of WebEx. Please install the WebEx Event Manager prior to the meeting. To download the Event Manager, see the instructions on the Webex Downloads page.
Access Details:

Webinar Access: https://www.mymeetings.com/nc/join/
Conference Number: PWXW3067128
Audience Passcode: [REDACTED]
Toll Free Number: (888) 603-9640

Agenda
The Advisory Board meeting will include a report from the CDFI Fund Director on the activities of the CDFI Fund since the last Advisory Board meeting, particularly the status of the CDFI Certification Application review process. In addition, there will be a discussion regarding two newly formed subcommittees.
Questions
Any questions can be directed to Bill Luecht in the Office of Legislative and External Affairs by calling (202) 653-0322 or via e-mail at AdvisoryBoard@cdfi.treas.gov.

NASCUS Member Reception
2023-02-28 17:00 - 19:00 (America/New_York)
NASCUS Annual Members’ Reception
Date: Tuesday, February 28, 2023
Time: 5:00 pm to 7:00 pm
Location:
Marriott Marquis Hotel
Washington D.C.
By Invitation Only. This event is being held in conjunction with the CUNA Governmental Affairs Conference. Guests are welcome to accompany attendees. Business attire is suggested.
For questions or further information, please contact Shellee Mitchell at smitchell@nascus.org.

New Commissioner Orientation (Virtual Event)
2023-03-27 13:00 - 15:30 (America/New_York) | Virtual
Join us Monday, March 27, 2023, 1:00 – 3:30 pm EST
NASCUS is bringing back its “New Commissioner Orientation.” This 2.5-hour virtual event is designed to introduce new state agency heads and/or agency senior staff to NASCUS and our resources available to support your state agency’s mission. We will also provide a brief history of the credit union system and NASCUS’s beginnings, give an update on the current state of the credit union system, and discuss the hot topics in the sector today.
Whether you are new to your agency or have been involved with NASCUS for years but want a refresher, you are welcome to participate. Any senior agency staff are welcome are welcome to join us as well.
RSVP or Questions: To participate in the meeting, please RSVP to brian@nascus.org.
Location: A NASCUS Teams Link will be sent out to participants in advance of the virtual meeting.
Cost: There is NO cost for participating in this event.

2023 Wisconsin Executive Forum
2023-03-28 09:00 - 12:00 (America/Chicago) | Virtual
March 28, 2023
NASCUS, the Wisconsin Department of Financial Institutions Office of Credit Unions, and the Wisconsin Credit Union League are hosting this half-day collaborative meeting to bring industry leaders and directors across our state system together to discuss the most pressing issues facing our industry today. Topics covered include:

NASCUS President/CEO Brian Knight Highlights National Issues Affecting the State System
Climate Change Impacts with the Filene Research Institute
Best Practices, Succession Planning, and Board responsibilities with David Reed

Wisconsin credit union board members, committee members, and management should not miss the NASCUS Wisconsin Executive Forum.

This is a virtual event. Please note all times are CST.
Participation Fee:

$99 for NASCUS Members or WI Credit Union LeagueMembers
$199 Non-Members

Fintech Symposium
2023-04-03
Monday, April 3, 2023
This year NASCUS will be hosting a one-day event that brings together regulatory agencies, credit union stakeholders, and technology influencers to discuss the latest development in the fintech industry ecosystem. *This event is in-person only.
Event pricing: $350 per person (for non-regulatory agencies)
*State regulatory agency attendees, this event is included as part of the National Regulatory Meeting registration. Please follow this link for more information.

In-person Location:
Sheraton New Orleans Hotel
500 Canal Street, New Orleans, LA 70130
Rate $158 | Reservation Cut-Off Date: Monday, March 6, 2023
