Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
NASCUS adds UBIT mortgage lending to Summit topics
ARLINGTON, Va. (6/11/09)--The National Credit Union State Credit Union Supervisors (NASCUS) recently added sessions on critical accounting issues for credit unions and mortgage lending environment strategies to its annual State System Summit. The event will be Aug. 20-22 in Boston. During the session entitled Credit Union Taxation Update--Life After Community First, Kevin Fincher of Clifton Gunderson will update attendees on the unrelated business income tax (UBIT) in light of a recent jury's decision in favor of Community First CU, which challenged the government's UBIT policy. Fincher will cover what to do now to protect any potential UBIT refund. Fincher also will update attendees on the need-to-known potential tax pitfalls of employee fringe benefits and other products. And Crowe Horwath's Sydney Garmong and Mark Taylor will lead a session on essential credit union accounting and reporting issues. The summit also will feature a half-day symposium Aug. 21 on Meeting Today's Mortgage Lending Challenges. Tracy Ashfield, president/CEO of Strategic Mortgage Solutions, will discuss strategies for successful mortgage operations in the current economic environment. Richard Hagar, mortgage fraud expert, will address how credit unions can help themselves and their members avoid becoming victims of increasing financial crimes. Also, the Conference of State Bank Supervisors will present operational components of putting the S.A.F.E. Act (Secure and Fair Enforcement for Mortgage Licensing Act of 2008) to work at the credit union. The event is for credit union CEOs, chief financial officers, boards, lending staff and other leaders.
Other Resources

RSS





print
News Now LiveWire
Matz: Revised @TheNCUA #RBC rule for #creditunions 2 B unveiled 1/15/15, 90-day comment period to follow #newsnow http://t.co/qABhvghSTU
13 hours ago
Just announced: @TheNCUA board will consider a revised risk-based capital rule at its Jan 15 mtg. See #NewsNow Monday for more info.
14 hours ago
Nearing one-yr anniversary of data breach, @Target asks for class action suits to be dismissed via @BloombergNews http://t.co/kra6kupd35
16 hours ago
.@PeoplesTrustFCU has been recognized with the Juntos Avanzamos designation by @Cornerstone_CUL for its service to the Hispanic community
17 hours ago
#NewsNow: Rep. Hensarling names #HFSC subcommittee chairs. http://t.co/dXAMZdpn1p
17 hours ago