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 .
 
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Regulatory/Compliance Updates
Regulatory Update, 1-27-2020, Weekly Regulatory Advocacy Report
On Jan. 27, Senior Consultant Tim Pierce and 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.
Regulatory/Compliance Updates
Credit Union CEO Changes
Effective immediately, Aaron Wilp is the is the CEO/Manager of Business & Industrial FCU.  Marsha Mayes is still with the credit union as Executive Vice President. 

Effective February 3, 2020, Daniel Johnson will be the CEO of Richmond City EFCU.  Corrinne Devers will be Assistant Manager.

Effective January 1, 2020, Travis Markley is the CEO of Hoosier Hills CU. Travis was the Senior Vice President/Chief Information Officer at Hoosier Hills CU. He replaces George McNichols who is retiring in March.
Upcoming Meetings and Education Sessions
Bank Secrecy Act compliance remains high on the examiner's list. Senior Consultant and Director of Regulatory Analysis Dave Hawkins will present this webinar which will get staff up to speed on a number of important BSA and OFAC requirements.
This webinar, presented by Senior Consultant, Director of Regulatory Analysis Dave Hawkins, will cover a number of topics, including the maximum hold periods for existing and new members, the extended hold periods for exception items, the initial disclosure requirements (i.e., Funds Availability Disclosure) and more.
This webinar, presented by Senior Consultant, Director of Regulatory Analysis Dave Hawkins, will assist credit union volunteers/officials with the BSA educational requirements. The session will highlight the elements of an effective and evolving compliance program, including policies, procedures and risk assessment; internal controls to ensure compliance; training requirements; and more.
We know you want to put your best foot forward when it comes to marketing your credit union to the right audiences. Join Tara Kochansky of TwoScore for a session that will give you all you need to energize your current efforts or start something new in 2020. This information-packed day will definitely give you plenty to take back to your credit union and begin using right away.
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
What you should know: Annual Meetings and Annual Reports
It is annual meeting/annual report season for most credit unions. You are finalizing the 2019 financials, organizing the credit union highlights from the year so members can be reminded of all the great things you’ve done, and so much more.

The League’s Consulting Department takes a lot of questions this time of year about annual reports and annual meetings. As a reminder, the items of business—as outlined in NCUA’s bylaws—for your credit union’s annual meeting are shown below. Credit unions should distribute a printed annual report to everyone who attends the annual meeting, and the annual report should contain the reports noted below so it can be approved by members present.

Whether you have questions on this topic or another one, pick up the phone or send an email so we can assist.
Article IV, Section 4. Items of business for annual meeting and rules of order for annual and special meetings .

The suggested order of business at annual meetings of members is:

(a) Ascertainment that a quorum is present.
(b) Reading and approval or correction of the minutes of the last meeting.
(c) Report of directors, if there is one. For credit unions participating in the Community Development Revolving Loan Program, the directors must report on the credit union's progress on providing needed community services, if required by NCUA Regulations.
(d) Report of the financial officer or the chief management official.
(e) Report of the credit committee, if there is one.
(f) Report of the supervisory committee, as required by Section 115 of the Act.
(g) Unfinished business.
(h) New business other than elections.
(i) Elections, as required by Section 111 of the Act.
(j) Adjournment.
(k) To the extent consistent with these bylaws, all meetings of the members will be conducted according
to *______.

The order of business for the annual meeting may vary from the suggested order, provided it includes all required items and complies with the rules of procedure adopted by the credit union.

*The credit union must fill in the blank with one of the following authorities, noting the edition to be used: Democratic Rules of Order, The Modern Rules of Order, Robert's Rules of Order, or Sturgis' Standard Code of Parliamentary Procedure.
For more information on this topic, contact Senior Consultant and Director of Regulatory Analysis Dave Hawkins or Senior Consultant Tim Pierce.