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Jul 31, 2020

NCUA Board Approves Final Field of Membership Rule, Proposes CECL Phase-in Plan

The National Credit Union Administration (NCUA) board approved changes to NCUA’s most recent Chartering and Field-of-Membership (FOM) rule for credit unions applying for a community charter approval, expansion, or conversion, and three additional items in yesterday’s open, livestreamed meeting.  The approved final rule resolves litigation surrounding NCUA’s 2016 field of membership (FOM) rule, approved unanimously the final rule will:  Readopt a provision from the…

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Jul 30, 2020

MIC Award Winners Announced at Virtual Evoke Marketing Conference

The inaugural CrossState virtual Evoke Marketing Conference kicked off yesterday just before 10 a.m. After a quick introduction from the CrossState marketing team, Jeannette Magaro led the day as the first keynote…

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Jul 29, 2020

CrossState Sends Joint Letter to Gov. Wolf Regarding CUs Missing from Hazard Pay Grants

After Pennsylvania Gov. Tom Wolf announced the availability of $50 million in grant funding to help employers provide hazard pay to employees in life-sustaining occupations during the…

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Jul 27, 2020

CrossState Pens Letter in Support of Paycheck Protection Small Business Forgiveness Act

CrossState Credit Union Association demonstrated its support of S. 4117, the Paycheck Protection Small Business Forgiveness Act by putting together a coalition of trade associations to sign  letters sent…

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Jul 23, 2020

A Credit Union Career Isn’t for Me. Change My Mind’— Credit Union of New Jersey’s Soma Sarkar Featured in Profile on Credit Union Careers

Creditunions.com recently published a feature with profiles of credit union leaders discussing how they cultivated a career in the industry, and how credit unions can recruit…

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Jul 14, 2020

Inaugural CrossState Convention Goes Virtual; Fall Event Schedule Modified

With the uncertainty surrounding the COVID-19 pandemic, we will be celebrating our first year as the CrossState Credit Union Association by inviting credit union professionals and volunteers from…

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Aug 3, 2020

Timberland FCU Benefits Children’s Miracle Network with Dogs for a Cause

Timberland FCU is never one to do things the “normal” way. When Vizo Financial and Children’s Miracle Network Hospitals (CMNH) announced their annual hot dog…

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Aug 3, 2020

Liability Protections Needed to Protect Businesses, Healthcare Workers

CrossState and CUNA joined over 400 organizations Thursday to call on Congress to include the COVID-19 liability protections set forth in the “SAFE TO WORK Act” (S….

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Aug 3, 2020

CFPB Releases Two New HMDA FAQs

The CFPB has released two new Home Mortgage Disclosure Act (HMDA) FAQs in response to questions on reporting requirements for multiple data points, specifically if…

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Aug 3, 2020

FinCEN Issues Advisory on COVID-19 Related Cybercrime and Cyber-Enabled Crime

The Financial Crimes Enforcement Network (FinCEN) issued an advisory (FIN-2020-A005) last week to alert financial institutions to potential indicators of cybercrime and cyber-enabled crime observed…

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Aug 3, 2020

PA Human Services Secretary: Assistance is Available for Pennsylvanians Experiencing Homelessness, Unable to Pay Rent and Mortgages

PennsylvaniaDepartment of Human Services (DHS) Secretary Teresa Miller reminded Pennsylvanians that help is available and encouraged for anyone affected financially by the COVID-19 public-health crisis…

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Aug 3, 2020

Executive Order Extends Public Health Emergency in NJ

New Jersey Gov. Phil Murphy Saturday signed Executive Order No. 171 extending the state’s Public Health Emergency that was declared on March 9, 2020, through…

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Aug 3, 2020

PA Sen. Casey Announces New CARES Act Funding for PA Economic Development

U.S. Senator Bob Casey (D-PA) released the following statement to announce that economic development assistance programs in Pennsylvania will receive $35.5 million in new funding…

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Aug 3, 2020

Gov. Murphy Signs Health Insurance Excise Tax

New Jersey Gov. Phil Murphy Friday signed into law legislation (A4389; now P.L.2020, c.61) that imposes a new state excise tax on premiums for certain…

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Aug 3, 2020

CrossState InfoSight Launches Today

We are excited to announce the launch of our new combined InfoSight website, https://crossstate.leagueinfosight.com. Now both New Jersey and Pennsylvania credit unions can find the same great compliance…

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Aug 3, 2020

CrossState’s CU PolicyPro Updates Model Policies

CrossState members, if you are not taking advantage of the free member benefit of CU PolicyPro, today would be a good day to register. CU…

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