ViClarity Compliance Update

Stay ahead with NCUA updates on strategic planning, leadership, regulations, and AI for credit unions.

 NCUA Seeks Credit Union Input at Town Hall on September 9 
Webinar Date & Time: Sept 9, 2025 01:00 PM CST / 12:00 PM MST 
The National Credit Union Administration (NCUA) is hosting a Strategic Plan Town Hall that invites credit union industry stakeholders to provide input on the next NCUA Strategic Plan and the upcoming priorities of the agency. Participants are required to register in advance and are encouraged to submit Strategic Plan-related discussion topics via the town hall registration form. Register here. 

Q3 2025 Town Hall Webinar - Building Leadership Resilience: A Step-by-Step Succession Planning Workshop
Webinar Date & Time: Sept 24, 2025 01:00 PM CST / 12:00 PM MST
Leadership continuity is a vital component of credit union resilience. With the NCUA’s succession planning rule going into effect January 1, 2026, federally insured credit unions must adopt and maintain a formal succession plan covering key leadership positions.
 
This focused town hall workshop will provide practical, step-by-step guidance on building a compliant plan, assessing leadership gaps, preparing for both emergency and planned transitions, and aligning succession with your credit union's long-term strategy. Join us for this session and leave with actionable tools to strengthen your governance and exam-readiness, because strong leadership keeps your mission moving forward — even through change. Register here. 

New OFAC Record Retention Requirements: What Actions Have You Taken?
In March of 2025, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) introduced updated record retention requirements aimed at enhancing enforcement of economic and trade sanctions. These new rules are significant for businesses, financial institutions, and individuals who engage in transactions subject to U.S. sanctions laws. Read more here. 

Vroom Vroom! Things to Know About the Auto Loan Interest Tax Deduction
President Trump signed the tax reconciliation bill into law on July 4, 2025. The bill outlined hundreds of new provisions and developments. One of those developments was a temporary tax deduction for passenger vehicle loan interest as well as particular reporting requirements for businesses receiving $600 or more on qualifying vehicle loans. The tax deduction is available for the tax years 2025–2028. Guidance from the Internal Revenue Service (IRS) is predicted to be forthcoming, but in the meantime, there are certain considerations which may affect financial institutions. Find out more here. 

Come and Get It: NCUA Releases Free Resources for AI Use and Implementation
In a day and age where Artificial Intelligence (AI) has infiltrated our daily lives, sometimes it might feel like it’s all we talk about. In that conversation, however, sometimes important factors such as risk mitigation and privacy protections are missed. Read more here.