League Link is an electronic communications service from the Indiana Credit Union League and is sent regularly to Managers/CEOs of affiliated credit unions. It contains a variety of information on activities at the League and a summary of important messages that have been sent by the League. Many of the items here contain links to the League's website. We encourage you to share League Link, or selected content, with your staff and officials as appropriate. An archive of messages from the League to credit union managers/CEOs can be found here .
 
Some of this content is password-protected. If you don't have a password or if you have forgotten yours, click on the tan "Log In" button in upper right corner of the site; a box will open. Click on the blue wording to get your password.
General News and Messages
S. 2155
This week, League President John McKenzie and SVP, Governmental Affairs Chris Beaumont sent several messages that tracked the U.S. House passage of major regulatory relief legislation (S. 2155) and the President signing it into law.. Read them below:

Risk-based capital delay update / NCUA appeals judge's decision on FOM to higher court / NCUSIF dividend
On May 17, League President John McKenzie, SVP, Governmental Affairs Chris Beaumont and SVP, League Services and Regulatory Analysis Joe Guilfoy sent a message with updates on a number of topics currently of interest to Indiana's CUs. Read it here.
Project Zip Code - Maximum Participation Needed
On May 25, SVP Governmental Affairs and Director of Advocacy Madison West sent a message asking credit unions to participate in Project Zip Code, a tool that helps accurately match credit union members to their legislative districts at both the federal and state levels . Read it here.
Deadline extended to June 8 for League Awards Programs
On May 21, Awards Committee Chairman Nina Baker extended the deadline for entries in the League Awards Program. Read it here.
Regulatory/Compliance Updates
Regulatory Update, 5-24-2018, Summary of NCUA Board Meeting
On May 24, SVP, League Services and Regulatory Analysis Joe Guilfoy sent a Regulatory Update which provided a summary of the actions taken at the most recent NCUA Board Meeting. Read it here.
Regulatory Update, 5-21-2018, Weekly Regulatory Advocacy Report
On May 21, Senior Consultant, Director of Regulatory Analysis Dave Hawkins sent a Regulatory Update which provided information on a number of recent regulatory and advocacy topics. Read it here.
Upcoming Meetings and Education Sessions
Whether you are new to BSA or you are just in need of training to fulfill your required training “pillar of compliance” specific to your duties as BSA officer, this training, presented by Mary-Lou Heighes, president and founder of Compliance Plus, Inc., will provide you with the information you need to help strengthen your BSA/AML compliance program.
This fast-paced seminar, led by Mary-Lou Heighes, president and founder of Compliance Plus, Inc., provides a look at laws and regulations – from an operational standpoint. From membership requirements to checking accounts and consumer loans, you will learn the why, how and when each law and regulation comes into play. Confused by marketing rules? You’ll learn those too. BSA compliance, check holds, check liability and share insurance are just a few of the rules that we will discuss.
This dues-supported roundtable will include open discussions on ADA compliance and what you should know, the FFIEC Cybersecurity assessment and submitted topics.
This webinar, led by SVP, League Services and Regulatory Analysis Joe Guilfoy, will provide an overview of the primary responsibilities of the Supervisory Committee and the recet points of emphasis from the regulator.
This session, presented by Terry Brumley of Whitinger & Company's Financial Services Group, will discuss these expectations and provide details on how to begin now to have the data and processes in place to implement CECL calculations when required.
Chapter News
Upcoming Chapter Meetings
Several chapters have meetings or events planned in the weeks ahead. Visit the League calendar to find information about your chapter.
Featured Products
PSCU Credit Card Processing

The Indiana Credit Union League has had a business relationship with PSCU since 2014. PSCU has served credit unions for 40 years and is a leader in the payment processing business. PSCU serves more than 1,300 credit unions with 43.3 million members and 20.4 million accounts. They process more than 2.3 billion transactions annually. Their credit card product is one of the payment processing services provided to credit unions. Click here to learn more about PSCU’s credit card processing.
 
Servicecorp's partnership with PSCU and other third-party vendors enables credit unions to receive favorable pricing and other benefits on many products and services.

BSA/AML Beneficial Owner Rule now in effect

With the effective date of May 11, 2018, the BSA/AML Beneficial Owner rules took effect. This has added a “5 th Pillar” to BSA/AML enforcement. Makayla Denton of League business partner AdvisX addresses this new 5 th Pillar in a video available here . This video provides what you need to know about the 5th Pillar and Beneficial Ownership in five minutes or less. If you have questions regarding this topic, contact Dave Hawkins at davidh@icul.org .
Indiana Credit Union League