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Is Your CU’s Compliance Calendar Current and Accurate?

Ensuring ongoing compliance is no simple task. It’s important not only to react promptly to regulatory and legal developments, but to take a proactive approach to managing your credit union’s compliance. Calendaring a regular review of the credit union’s policies, disclosures, and agreements helps to ensure that your credit union is prepared for what’s on the horizon and that changes in industry and credit union business practices are accurately accounted for in your documents. Spring is the perfect time to review credit union disclosures and agreements, and Your CU Store is here to assist. Jump into action and get your orders in with Your CU Store today.

Your CU Store can help you create, update, and maintain compliance on a number of credit union disclosures and agreements, including:

  • Electronic Funds Transfer Act disclosures, including online, mobile banking, and remote deposit capture agreements;
  • Privacy notices (state and federal);
  • Credit card agreements; and
  • Truth in Savings Act disclosures and account agreements.

For those who already partner with Your CU Store on Truth in Savings Disclosure and Account Agreements, it’s also a great time to ensure that your documents reflect any recent or planned program changes, such as:

  • New or updated account products and services, including promotional products;
  • Updated business practices that impact the credit union’s Truth-in-Savings Act disclosures and account agreements; and
  • Changes to credit union address, branch locations, email, phone number, or other contact information.

We can also provide you with attorney-reviewed, compliant, and ready-for-use off-the-shelf forms, such as:

  • Designation of Beneficiary;
  • Membership Application and Agreements; and
  • Account Agreements, including Uniform Transfers to Minors Accounts and Trust Accounts.

There are many more to choose from. Most forms and disclosures are available in print and electronic format (electronic forms are subject to an annual licensing agreement). With a simple online ordering process, Your CU Store team will work with you to make sure your credit union forms and disclosures are just the way you need them. And because your forms are , we’ll make sure everything is compliant with the latest rules and regulations so your credit union team will have less to worry about.

So, as you go through your compliance calendar and consider what updates are needed, let Your CU Store be your compliance partner for your credit union forms and disclosures. We’ve got your back! Visit or email today!

Article by Your CU Store, a California and Nevada Credit Union Leagues business partner. 


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