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Happy Wednesday, JHFCU recently converted to Fiserv DNA, and some (most) of our policies/procedures and processes have changed as a result. I am seeking guidance on how other institutions handle charge-off Share Savings vs Share Checking accounts, particularly ...

Hi all, Our mortgage department is asking, if anyone is using tax assessments with AVMs for their home equity products? There are times we are paying for a full appraisal, for a small loan, because the AVM doesn't have a high enough confidence score. ...

Good morning, What software are you currently using or have used, that you would recommend? What are the features offered that you prefer? Does it offer ease of use for reporting? Thank you in advance for your assistance. Best, Shannon ------------------------------ ...

Greetings, Mark your calendar for July 10th , from 9:00am to 12:00pm for our next Capital Area Compliance Roundtable. This meeting will have an in-person opportunity as well as a virtual one. The hybrid meeting will be held at MD|DC Credit Union ...

Good Day Mary, We partner with Sovos to support our unclaimed property reporting. They complete the NAUPA filings on our behalf. If you are looking for additional information, support or vendor list, the UPPO is a great resource. Unclaimed Property ...

For those of you doing AML, ALM, and CECL model validations, who do you have your independent validators present to? The Board and/or the Supervisory Committee? Is it the same for all validations? Thank you! ------------------------------ ...

Good afternoon Would you be willing to share the software tools you are using to report abandoned property to the State of Maryland in the NAUAP file format? Thank you, Mary ------------------------------ Mary Burrs Compliance Officer Peake Federal ...

Originally when I heard about this tax, there was discussion about it only applying if new funds were used for the transfer and that credit unions could get around the requirement by depositing the funds before sending the transfer. Is anyone collecting ...

Maryland Legal Alert for Financial Services Fiduciary Institutions: Maryland Enacts "Vulnerable Adult Banking Protection Act" Maryland has enacted the Vulnerable Adult Banking Protection Act (SB 753 / HB 1008), a new statutory ...

Much like anything we do, our answer is "it depends". How bad is their financial situation? What assurances on getting regular payments? How much is the c/o debt and how long was it charged-off? How did the Borrower/Member respond when we were attempting ...