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Research & Compliance     

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Compliance

The answers you need—when you need them!
When technical challenges or complex situations arise at your credit union, turn to the Leagues’ PolicyWorks. Our mission is to provide technical, compliance, operational, economic, and regulatory information in an understandable and easily accessible way.
     
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Credit Union Quarterly Performance Report

A resource for credit unions in CA & NV, providing credit union financial and economic trend analysis, brought to you by your Leagues in partnership with CUNA & Affiliates.

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Answers to your crucial questions can be less than one business day away. Post your question here, and a talented compliance professional will get back to you quickly! Or if you prefer, call the PolicyWorks compliance hotline to speak directly with our knowledgeable consultants.
Compliance Hotline: (844) 731-6072
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From the Editors of CU Weekly

AUDIT CALENDAR FILLING UP: CU ROOTS
updated 06/17/14 11:17 AM
10 Percent Discount Offered
Regulatory audits are here to stay, but your credit union can stay ahead of the game with CURoots Services.

CURoots Internal Audit Services offers regulatory and industry required audits, as well as several auditing packages to help you assess risk and identify issues before they arise.

Credit unions can schedule their Bank Secrecy Act (BSA), Automated Clearing House (ACH), SAFE Act, CO-OP PIN Security Audit, and other regulatory audits by June 30 and receive a 10 percent discount!

Schedule your audit today and get on the road to compliance with these offerings from CURoots Services:

Regulatory and Industry Required Audits and Assessments

  • BSA/OFAC Annual Audit
  • ACH Annual Audit
  • CO-OP PIN Security Audit (required in 2014)
  • SAFE Act Annual Audit
  • BSA/OFAC Risk Assessment
  • ACH Risk Assessment
  • Covered Accounts Risk Assessment (FACT Act Red Flag/Identity Theft)

Management Control Audits and Reviews

  • New Mortgage Rules Review
  • Dormant and Closed Account Audits
  • Branch and Cash Control Audits
  • Loan Review
  • Supervisory Override Review
  • Employee Account Review
  • GL Reconciliation Review
  • Wire Audit
  • Safe Deposit Audit

For more information, contact Rita Fillingane at 909.212.6055 or ritaf@ccul.org

 
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CA PRIVACY NOTICES STILL REQUIRED
updated 02/02/16 08:35 AM
Plus, Latest PolicyWorks Newsletter
The FAST Act made changes to federal annual privacy notice requirements. However, it did not change California privacy notification requirements, which are applicable to all financial institutions doing business in California. California state annual privacy notifications are still required, depending on what information is shared and with whom.

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CUSOs TO REGISTER WITH NCUA REGISTRY
updated 01/26/16 10:07 AM
NCUA Hosts Webinar on New System
In a letter sent to credit unions, credit union service organizations (CUSO) have 60 days to register with the National Credit Union Administration’s (NCUA) CUSO Registry, the new online system for CUSOs to report their operational and financial information directly to the agency. The registration period begins Feb. 1 and ends March 31.

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D.J.'s Economix
Leagues Chief Economist Dwight Johnston continually provides economic and market analysis that is both informative and entertaining. Continue for daily and monthly commentary, rate forecasts, and economic updates.
Resources
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Comment Letters
The Leagues write letters in response to proposed legislation and regulations that affect your credit union’s ability to serve members.