Education News

• CUNA will offer a webinar on the Beneficial Owners Rule, May 10 from noon-1 p.m. (ET). BSA/AML compliance has always been a priority when it comes to credit union compliance. Starting in May 2018, credit unions will be required to enhance their practices when it comes to member due diligence for higher risk members. When it comes to business members, credit unions will be required to establish in-depth procedures for identifying beneficial owners. Like most regulations, it is important to start thinking now about how this may affect operations. Registration is $219 for credit unions affiliated with CUNA.
   
• From Budget Analysis to Spending Plan is the topic of a CUNA webinar being held May 25 from noon-1:30 p.m. (ET). Participants will become comfortable with analyzing income, living expenses and debts to clarify a member's range of options for improvement, along with learn how and why to fit savings into a tight budget. The session is designed to empower members by teaching them how to develop a plan for spending, bill-paying and saving so they can manage money and make better financial decisions in the future, while minimizing bankruptcies. Tips will also be shared to help members accelerate debt reduction while improving their credit rating. Registration is $219 for CUNA members.