PenFed Credit Union’s Post

🤝 A new year a new partnership 😍 Having worked across Norwich food banks over the last year, I'm really pleased that we have now entered a formal partnership. The Norwich Foodbank is funding Your Own Place CIC to work in five Norwich foodbanks and support their vital work. Sharing a mission is not always a given, and with a vision to end the reliance on foodbanks, as a prevention organisation, we know what we can help The Trussell Trust achieve this. Providing people with tools, skills, resilience, sources of help and a listening ear at the right moment and in the right way can make the difference between someone not getting help and getting help and staving off a future crisis. Whether it's a fleeting coaching financial conversation, a more in-depth and structured 1-2-1 or a small group workshop, you can be certain that we will deploy our inclusive, empathic and engaging approaches that enable people to be more than a number or a case-load. #relationshipsfirst #foodbanks #money #costofliving #financialinclusion The Trussell Trust https://lnkd.in/eQD5DuCV

Investing in justice goes beyond the transaction. It's about building relationships, redistributing power, and tackling systemic inequities. Dive into our latest blog post in the series on operationalizing racial equity in lending. Learn how Community Vision CA, in partnership with the California Tribal Fund (First Nations Development Institute), developed the Reparative Land Fee Program to forge pathways to economic equity and justice. Explore actionable steps all #CDFIs can take in our REIA Toolkit, part of the Career Meets Purpose initiative. https://lnkd.in/e-zGP_Pb #JusticeInLending #OFNToolkit

Getting Behind Businesses at Bibby Not many people realise that Bibby Financial Services Ireland is part of a 6th generation family business. A family business that has been trading in Ireland since 2006. A family business that prides itself on helping other businesses be the best they can be, providing access to essential cash flow. Cash flow that facilitates growth, expansion and sustainability for many businesses in Ireland. Businesses that support communities and provide jobs to thousands of people around the country. We are proud to be part of the Bibby family so here's a short clip outlining what it is we do and how we do it. #familybusiness #supportlocalbusiness #cashflow #invoicefinance

Hi folks, the Chevron v. NRDC ruling has been overturned, leading to potential significant impacts on nonprofits. The recent ruling for Loper Bright simplifies the judicial process by requiring judges to evaluate whether an agency's interpretation aligns with the law. This shift eliminates the need for courts to automatically defer to a federal agency's expertise. Many anticipate that the removal of this deference could result in a surge of lawsuits contesting even the most routine regulations. #Chevron #NRDC #LegalUpdate #LoperBright

Read how we help farmers navigate complex legal challenges to secure their business legacy. Our tailored approach ensures that every client’s future is protected. #BusinessSuccess #LegacyInAction https://lnkd.in/gPEzqW8C

Are nonprofits exempt from the corporate transparency Act? Certain types of nonprofit organizations are exempt from the reporting requirements of the Corporate Transparency Act (CTA) as implemented by the Financial Crimes Enforcement Network (FinCEN) under the Beneficial Ownership Information Reporting Rule. Specifically, the rule exempts entities that are already subject to certain regulatory oversight and entities that are less likely to be used for illicit purposes based on their structure and operations. For nonprofits, the exemption applies to those that meet specific criteria: Tax-Exempt Entities Organizations described in section 501(c) of the Internal Revenue Code (Code) and exempt from tax under section 501(a) of the Code are exempt. This would typically include most nonprofits that are recognized as tax-exempt by the Internal Revenue Service (IRS), including 501(c)(3) organizations (charitable organizations), 501(c)(4) organizations (social welfare organizations), and other types under section 501(c). Entities Assisting Tax-Exempt Entities Entities that operate exclusively to provide financial assistance to, or hold governance rights over, any tax-exempt entity described by the exemption and meet other specific conditions related to control and revenue are also exempt. Continue reading: https://lnkd.in/gkJj4D-f #FinCEN #FinCENBOI #BOIR #BOIReporting #CorporateTransparencyAct #AMLCompliance #Compliance #KYC #FinancialRegulations #RegTech #FinReg #AntiMoneyLaundering #CTACompliance #BOIUpdates #FinancialCrimePrevention #ComplianceSolutions #BankSecrecyAct #USFinancialRegulations #FinCENUpdates #FinancialTransparency #RiskManagement #FintechCompliance #ComplianceTraining #AMLRegulations #FinancialDueDiligence #homeoffice 

What nonprofits need to know about the Corporate Transparency Act.

The best time to start saving was yesterday. The second-best time is today. #GodsTreasuryCooperative #CooperativeJourney #FinancialEmpowerment #CommunitySuccess #GodsTreasuryFamily #FinancialFreedom #CoopValues #gtcs

Important read!

The best time to start saving was yesterday. The second-best time is today. #GodsTreasuryCooperative #CooperativeJourney #FinancialEmpowerment #CommunitySuccess #GodsTreasuryFamily #FinancialFreedom #CoopValues #gtcs