Topic: Compliance Officers
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League & Corporate Central ask FinCEN for ruling on Thillens cash deliveries
NEWS: The League and Corporate Central Credit Union today filed a joint letter with the U.S. Treasury’s Financial Crimes Enforcement Network (FinCEN). We asked FinCEN for a ruling on an issue of importance […]
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NCUA’s 2023 Supervisory Priorities
NEWS: The NCUA outlined its 2023 supervisory priorities and examination focus areas in its Letter to Credit Unions 23-CU-01. The NCUA will conduct exam and supervision activities both onsite and offsite. Examiners […]
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NCUA’s 2023 Supervisory Priorities
NEWS: The NCUA outlined its 2023 supervisory priorities and examination focus areas in its Letter to Credit Unions 23-CU-01. The NCUA will conduct exam and supervision activities both onsite and offsite. Examiners […]
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League Compliance Roundtable is Sept. 8 in the Dells
NEWS: Please join us for The League’s Fall 2022 Compliance Roundtable, Sept. 8 at the Kalahari Resort in Wisconsin Dells. This in-person event will explore a variety of topics to help […]
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Maintaining account documentation standards
TIP: We often get calls at The League about problems with old accounts, when defective documents are discovered after an accountholder passes away. Such problems or potential problems may include: Missing […]
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Part III – Updated League Account Agreement Forms Released for Sale
NEWS: This Compliance Courier describes the changes to Form #83005 that we mentioned were forthcoming in the November 3, 2021 webinar, WCUL Account Agreement Forms Update. (See links at the end […]
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Part II – Updated League Account Agreement Forms Released for Sale
ANALYSIS: ARBITRATION AGREEMENTS [Notations in yellow added 11/15/2021] Some credit unions have considered an arbitration clause as a tool to help reduce the risk of costly litigation. Such clauses often include […]
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Part I – Updated League Account Agreement Forms Released for Sale
NEWS: INTRODUCTION [Notations in yellow added 11/15/2021] The League offers five new or updated account agreement forms for sale to Wisconsin credit unions by annual subscription. The first two forms are […]
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OCU finalizes action to repeal and amend outdated rules
NEWS: Effective July 1, 2021, the Wisconsin Office of Credit Unions has finalized a clean-up of obsolete and outdated state credit union rules. Many of the changes are minor, but some could affect […]
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Wisconsin credit unions threatened with overdraft lawsuits
ALERT: Several Wisconsin credit unions have recently contacted The League after receiving correspondence from plaintiffs’ attorney law firms, threatening class actions lawsuits over the credit unions’ overdraft practices. The “demand letters” […]