Compliance

Top 10 Stories of 2009

January 15, 2010
Visitors to creditunionmagazine.com were most interested in regulations, corporate stabilization, and the recession during 2009. The most-read stories on creditunionmagazine.com during 2009 were: 10) Strange-But-True CU Crimes   Did you hear about the arrest police made in a 26-year-old credit union embezzlement case? Or about the member who deposited her... READ MORE

Compliance Q&A: SARs

January 14, 2010
By Valerie Moss Q Can a credit union share a Suspicious Activity Report (SAR) with another credit union under the Section 314(b) information-sharing provisions of the USA Patriot Act ?     A No. Section 314(b) of the USA Patriot Act allows financial institutions to share information with each other... READ MORE

Compliance Q&A: OFAC

January 12, 2010
By Valerie Moss Q Must a credit union set up individual accounts for each Office of Foreign Assets Control (OFAC)-blocked party, or can it set up one account to house funds from all blocked accounts? Next : The answer   A OFAC allows a credit union to choose either method.... READ MORE

BSA Compliance Remains a Challenge

December 21, 2009
Expect continued regulatory scrutiny of your BSA compliance program. Most credit unions have adjusted to tougher regulatory scrutiny of their Bank Secrecy Act (BSA) compliance programs. Nevertheless, compliance remains a challenge for most, if not all, institutions. That’s why so many credit union compliance... READ MORE

The Plight of Small CUs

December 21, 2009
They face daunting challenges, but their leaders are passionate, motivated, and innovative. And they’re not giving up. CEOs of small credit unions don’t hold those positions to gain fame and fortune. They hold those positions because they have a vision, and they’re passionate about that vision. And... READ MORE

Another Extraordinary Year Ahead

December 21, 2009
The challenges in 2009 were numerous, but so were the accomplishments. I said often in 2009 that it was a most extraordinary year, one of the busiest I’d encountered in my 40 years in Washington. The challenges were numerous, but so were the accomplishments, leading us into... READ MORE

Lead for the Future

December 21, 2009
Executives say certain leadership behaviors have helped their companies through the recent economic crisis, such as inspiring others and defining expectations and rewards. They say those behaviors will also help their companies thrive in the future, according to a McKinsey Quarterly survey. Executives say their focus on these behaviors has... READ MORE

BSA compliance resources

December 15, 2009
Consult these resources for assistance with Bank Secrecy Act compliance: 2010 CUNA BSA Conference CUNA’s Bank Secrecy Act Compliance Guide CUNA’s e-Guide to Federal Laws and Regulations FFIEC BSA/AML Examination Manual Financial Crimes Enforcement Network Office of Foreign Assets Control SAR Activity Review: " By the Numbers " and " Trends,... READ MORE

Compliance Q&A: Serving Servicemembers

December 15, 2009
By Valerie Moss Q What must a servicemember do to receive the 6% interest rate required by the Servicemembers Civil Relief Act  (SCRA)?   A In order to apply for the 6% interest rate, the SCRA requires the servicemember to provide the credit union with a written notice and a... READ MORE

Compliance Q&A: Unlawful Internet Gambling Enforcement Act

November 30, 2009
By Valerie Moss Q How can a credit union comply with Unlawful Internet Gambling Enforcement Act regulations?   A For payment systems (other than card systems), credit unions that are covered by the regulations must have written policies and procedures in place that demonstrate they are performing risk-based due diligence... READ MORE
Credit Union Magazine

Credit Union Magazine

October 2014

The Works Blog The Works Blog is produced by PolicyWorks LLC, Des Moines, Iowa.

#EMV Liability Shift Deadline Less Than a Year Away

Apple Pay. Tokenization. NFC. Biometrics. There are so many buzzwords being talked about in the payments arena that it can be difficult to keep up.  Combine that with the fact that there seems to be a new data breach every week, and your head will be spinning.  While these new technologies are all exciting and […]

Introducing New PolicyWorks Team Members

Hello everyone!  As the two newest members to the PolicyWorks team Zac Pollock and I, Melinda Peterson, would like to introduce ourselves. As a Compliance Specialist, I am responsible for assisting credit unions with their compliance needs as well as being a resource for reviewing marketing materials and websites for compliance with federal regulations.  I […]

Risk- Based Capital Rule 2.0

The NCUA has announced that it will be issuing a revised proposed risk-based capital rule.  The proposed rule will also allow for a new comment period. This is great news for credit unions. The original risk-based capital rule may have been one of the most significant proposed rules facing credit unions in recent times.  And the feedback […]
More Stories

What's Popular

Popular Stories

Recent Discussion

Your Say: Does Your CU Offer Subprime Loans?

View Results Poll Archive