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Congress has pressured regulators, including the NCUA, to enforce consumer-protection and fair-lending laws. Future compliance examinations will become more challenging, so it’s more important than ever for lenders to comply with the alphabet soup of regulations, especially for consumer real estate lending. This fast-paced webinar offers a simplified review of complex lending compliance issues.

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There has been considerable attention recently on the large dollar amount of dormant accounts and unclaimed property held by credit unions. The way dormant accounts and unclaimed property in safe deposit boxes is handled has come under attack by both consumers and state agencies that receive the unclaimed property. Escheat laws vary from one state to another, so this webinar will not cover the specific escheat laws of each state. But, it will cover the Uniform Unclaimed Property Act and its concepts. More importantly, this program will provide the tools that credit unions need to evaluate procedures/practices regarding dormant accounts and unclaimed property.

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Understanding tax payer identification numbers is key in opening, documenting, and properly certifying accounts at your credit union. What are an SSN, EIN, and ITIN? When do we complete a W-8BEN? What is our responsibility in determining tax status on interest-bearing accounts? How does the member get an EIN for his or her nonprofit organization? When is it appropriate to use SSN or EIN for a business account? What is a resident versus a non-resident alien? Learn how to open and document the tax payer identification numbers for your members’ various personal and business accounts.

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Adverse action notification is a compliance requirement that must be done “just right!” Accurate completion of adverse action notices is important for several reasons:
1. Their accuracy and timeliness are reviewed during compliance exams,
2. Adverse action notices are a cornerstone in fair lending examinations, and
3. Consistent, inaccurate notices could result in the credit union being required to go back six months, review past notices, and re-send accurate denial notices. (Imagine the reaction of a past, unsuccessful applicant who gets a reminder denial notice!) Learn the importance of handling denial notices in accordance with Regulation B. Discover how to include denials with your sample for your internal comparative file review for fair-lending compliance.

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What you will learn:
• Common practices in the credit union industry for executive rewards, retention and succession planning
• Types of plans and funding vehicles for Supplemental Executive Retirement Programs (SERPs)
• How to craft and implement a plan to address your specific needs
• Other important benefits available to Credit Unions.

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This fast-paced program identifies 15 costly physical and operational security errors that can destroy your credit union’s bottom line. Using actual photographs of incidents, which could place your financial institution in court, we will give you the roadmap you need for protection. If you are the institution’s security officer, risk manager or a member of management, one of your primary duties is to reduce or eliminate the opportunities for losses from both internal and external sources. This presentation is designed to identify the most common – and costly – security risks and mistakes a credit union may experience.

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Documentation is one of the key items regulators look for during an examination of a financial institution’s ALLL. They are looking for three things: 1. Policies and procedures that describe how an institution segments its portfolio. 2. Policies and procedures for determining how to measure the impairment of those loans that are individually evaluated, as per FAS 114. 3. A methodology for how to determine and measure the impairment in groups of loans or portfolios of loans with similar characteristics, as required under FAS 5.

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As check processing enters an all-electronic environment and use of electronic payments continues to rise, ACH and debit card fraud schemes are increasing consumer and financial institution losses. While accelerated clearing and ACH processing works to a financial institution’s advantage, it does the same for criminals. Counterfeiters and organized crime groups regularly seek ways to exploit weaknesses in electronic payments. Learn about specific frauds in ACH, cards, and electronic checks that are causing the greatest losses. Then discover the essential elements of effective fraud management and methods to mitigate losses using security measures available within the payment systems.

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What common themes and issues will arise in this year's BSA examination process? There are 10 “hotspots” you should consider when preparing for a BSA exam. If you have a good customer/member identification program but haven’t done due diligence or assigned risk to high-risk members, you might have problems. If you run OFAC nightly, but haven’t considered non-member issues, you may be criticized in your exam. If you haven’t established a risk assessment for your credit union and your members, now is the time to do so. It is time to take your BSA program to the next level. This webinar will show you how.