Topic: Accounts
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0171 FFIEC’s Authentication and Access to Financial Institution Services and Systems Guidance
This release applies to all credit unions, state and federal, that allow members to remotely access Internet-based financial services. It describes federal guidance on the identity authentication procedures that credit […]
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0168 Powers of Attorney
This release features a checklist of issues to review when first presented with a POA, and another for use every time an agent asks to do transactions. Exhibits: A – […]
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0159 BSA: Customer Identification Program and Customer Due Diligence
This release describes BSA requirements for credit unions to verify the identities of those who open new accounts, exercise customer due diligence and apply enhanced due diligence to higher-risk members/customers. […]
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0151 Data Match Programs
This release applies to all state and federal credit unions that do business in Wisconsin. It describes two financial record “data match” program requirements, which help the state to recover […]
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0150 Electronic Transfer Accounts (ETAs)
All credit unions, state and federal, may offer ETA accounts. Electronic Transfer Accounts (ETA) were created under the Debt Collection Improvement Act (DCIA), which requires the electronic payment of federal […]
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0148 OFAC Compliance
This release describes the required blocking of credit union transactions by persons appearing on “OFAC lists” of Specially Designated Nationals and Blocked Persons. OFAC comprehensive sanctions programs target Burma (Myanmar), […]
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0137 Special Accounts for Hardships
This release suggests guidelines for accommodating certain requests for special accounts.