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Compliance

Your League has done its due diligence when it comes to helping you with your compliance needs and we have a comprehensive set of resources for helping your credit union along. Our featured compliance platform, InfoSight, is available to you as an affiliated credit union of the League. (Note:  You must be logged in to our website and affiliated with us to access it here.)

Other compliance resources at your fingertips include:

We partner with InfoSight to offer you the most comprehensive compliance system possible. Other popular items include a collection of compliance checklists and training videos to keep you current.

How to Use League InfoSight

Learn more about using League InfoSight, including how to customize your dashboard and get the most of its resources.

View our video tutorial.

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CU PolicyPro offers more than 230 detailed model policies to help manage today's ongoing compliance and operational challenges. This deeply discounted service not only provides model policy content, but a comprehensive policy management system that lets you customize any model policy to fit your credit union’s individual operations.

  • Robust
  • Easy to use
  • Easy maintenance of policies all in one place. 
  • Existing polices can also be added to and maintained within the system

Learn more

Direct Deposits of Child Tax Credits: Exemption from Creditor Process under Virginia Law (July 2021)
Credit unions are reminded that child tax credit payments made by direct deposit are exempt from the creditor process under Va. Code §34-28.3. In particular, the Virginia law provides an exemption for any “emergency relief payment” made in accordance with the CARES Act “and any future payments or rebates provided directly to individuals for economic relief or stimulus due to the COVID-19 pandemic.”

ALERT TO ALL CREDIT UNIONS: Emergency Relief Payments and Exemption From the Creditor Process (April 2021)
A Virginia law pertaining to the exemption from creditors of federal “emergency relief payments” under the Covid-19 federal relief legislation (“CARES Act”) was amended by the Governor on March 31, 2021.  The General Assembly approved those amendments last week (April 7). This alert is to remind our members of certain requirements if your credit union receives notice, either from the payment itself or from the account holder, that certain funds in an account represent pandemic-related emergency relief payments from the federal government under legislation passed by the US Congress. 

U.S. Supreme Court Rules that Mere Retention of Property Does Not Violate Automatic Stay (March 2021)
The United States Supreme Court recently held that a creditor did not violate the automatic stay by refusing the turn-over property of debtors who filed for bankruptcy. The case, City of Chicago v. Fulton, 592 U.S. ___ (2021), is generally seen as favorable to creditors holding property of debtors who seek bankruptcy protection.

Click here for additional alerts

All member credit unions have access to CUNA’s federal compliance resources, including this e-Guide to Federal Laws & Regulations and Bank Secrecy Act Compliance Guide.

To learn more, click here  

As an affiliate of your League, you have access to a free hotline for compliance issues via the Woods Rogers Law Firm.

Contact the hotline at 800.552.4529 for answers to compliance questions, including those involving share accounts, loans, and supervisory issues.

As an affiliate of your League, you have access to a free hotline service for day-to-day human resource issues via the Woods Rogers Law Firm.

Contact the hotline at 800.552.4529 for answers to basic human resource management questions.

For a minimal fee, your League also offers the following audit services:

  • ACH Audit and Self-test
  • BSA Audit
  • SAFE Act Audit

Contact Tim Hesson

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