ARLINGTON, Va.—In the midst of increased uncertainty and disruption, the ACH Network is operating normally thanks to the hard work of financial institutions, NAFCU reported.
During a free NAFCU webinar Friday, credit unions will have the opportunity to ask the National Automated Clearing House Association (Nacha)—which manages the development, administration, and governance of the ACH Network—questions and hear how the network is making adjustments to accommodate an increase in processing.
The webinar, set to begin at 11:00 a.m. ET, will feature Nacha's Senior Director of ACH Network Rules Amy Morris who will:
- Review operational bulletins related to processing ACH during the global pandemic
- Discuss government usage of the ACH Network, including the economic impact payments
- Discuss impacts to Nacha rule changes in 2020.
Register for the webinar here.
Other Webinars Scheduled
For the week of April 20, NAFCU is also offering a number of other free webinars, including:
- Estimating the Allowance for Loan Losses Within an Economic Crisis: The coronavirus pandemic has placed significant pressure on economic and financial systems across the world and this webinar will cover key considerations in estimating the allowance for loan losses during challenging economic times, NAFCU said.
- Safe Deposit Box Access During a Pandemic Branch Closing: As credit unions take the necessary steps to ensure the safety of their employees and members, Dave McGuinn, president of Safe Deposit Specialists, will review best practices for allowing members to access their safe deposit box when a branch is closed, NAFCU said.
- Loan Modifications: Recent guidance from regulators and legislation from Congress have encouraged credit unions to provide loan modifications to members who are affected by the coronavirus. Wednesday's webinar will provide an overview of the accounting and regulatory compliance considerations related to modifying loans, NAFCU said.