Travis Financial Services’ Post

Did you know that an Insured Cash Sweep® account allows you to do business with a bank you trust and enjoy FDIC coverage, too? In this article, Jason Olson CTP gives answers to 5 FAQs about this unique service. #SmallBusiness #SmallBusinessBanking #SmallBusinessFinancing Read the full article today: https://lnkd.in/gQNsDP24 Member FDIC

This month, five federal regulatory agencies issued guidance addressing reconsiderations of value (ROV) for residential real estate transactions, offering examples of policies that financial institutions may implement to help identify and address the risk of discrimination. The five agencies taking part in this guidance are the Consumer Financial Protection Bureau (CFPB), the Federal Deposit Insurance Corporation (FDIC), the Federal Reserve Board (FRB), the National Credit Union Administration (NCUA), and the Office of the Comptroller of the Currency (OCC). To learn more, visit https://lnkd.in/dMu8FeSN Read the full guidance at https://lnkd.in/d6xj_EUg #ASCgov #ReconsiderationOfValue #Appraisals

ICS is a great tool to enhance your banking relationship with safety and soundness.

Important that we set goals for our long-term financial needs and then create a plan for achievement. Let us at Travis Financial Services help you. We can provide your financial plan roadmap and then recommend the appropriate investments for you. After all - “without a roadmap, you’re depending on luck to get you to your destination.”

Beginning with the first quarter of 2024 Call Report, federally insured credit unions with more than $1 billion in assets are required to disclose, separately, income from overdraft and nonsufficient funds fees. For first quarter 2024, these large credit unions reported a total $915,624,727 in overdraft and NSF fees. For more info, see the Appendix of the Quarterly Data Summary Report

How to stop having sleepless nights about your IRS problem? Get into a plan or settlement. Most people are worried about out their bank account being levied or wages being garnished etc. Once you are in an agreement you are protected! No levies etc.

Curious about lending through your Self-Directed IRA? Depending on your relation, some family members qualify, while others don’t due to IRS restrictions on disqualified persons. Read our blog to learn who’s eligible and understand the rules behind prohibited: https://lnkd.in/esdi_72h #ProhibitedTransactions #SelfDirectedIRA #SelfDirectedIRALoans #SDIRA

Credit unions face rising delinquency rates due to inflation and increased debt-to-income ratios, particularly impacting lower-income earners and larger households. In CUInsight’s recent article TruStage™ Director of Product Management Danielle Sesko, CPA highlights how embedded payment protection insurance can help mitigate these risks by providing protection against unforeseen financial hardships, enhancing both member security and credit union resilience. Read the full article: https://bit.ly/47P1Z1I

Understanding why borrowers default can help in preventing future issues. Common causes include missed payments, tax delinquencies, and insufficient insurance. We help navigate these challenges. 🌐 http://smpl.is/9a8ho

Today, we published a number of answers to important questions bankers have about our new rule regarding the proper use of the FDIC's official signs, false advertising, misrepresenting deposit insurance and the misuse of our name/logo. Read more! https://lnkd.in/eTdFVhgf