SEMINAR OVERVIEW

Advanced Operational Compliance Issues

Account Inactivity, Dormancy, and Escheat Issues
Helloooo, is anyone out there? Set up the proper notifications and understand the rules for handling inactive accounts.

Proper Handling of Subpoenas, Levies and Other Legal Processes
There’s no need to panic when a subpoena, levy and other legal document arrives. As with everything else, you need the right policies and procedures in place so everyone at the credit union knows what to do first.

Powers of Attorney
Learn how to review the Power of Attorney document closely to see what powers are authorized.

Elder Abuse Issues
If you believe a member’s account is being accessed by an unauthorized person, learn how and when to report suspicious transactions.

Trust Accounts
Learn about the different types of trusts that credit unions can offer and the correct documentation for opening a trust. Understand the practical considerations for The Uniform Gifts to Minors Act (UGMA) and the Uniform Transfers to Minors Act (UTMA).

Overdraft Privilege Rules
Consumers have written checks for more than their available balance since checking accounts were invented. Get an update on the compliance issues and audit considerations for overdraft privileges.

Serving Non-U.S. Citizens
Learn what documentation you need when a foreign individual opens an account.

Sarbanes-Oxley Act
The NCUA Letter to Federal Credit Unions (No. 03-FCU-07) notes that while the Sarbanes-Oxley Act does not apply to credit unions, certain provisions may be appropriate for some credit unions to consider.

Vendor Management and Due Diligence Obligations
This year, the NCUA has made it clear that third party relationships are a top focus for regulatory examinations. Examine the regulatory requirements for vendor due diligence to ensure you have an adequate vendor management program.

Compliance Hot Topics
Get a "heads up" on new and pending rules, laws, and regulations. Discuss compliance training requirements and other insights.

Commercial Account ABCs
If your credit union offers accounts for sole proprietorships, partnerships, or corporations, you need to understand how to handle these "non-consumer" accounts. If this topic is not applicable to you, feel free to skip this session.

LOCATION
NORTH CAROLINA CREDIT UNION LEAGUE
Po Box 49379
Greensboro, NC 27419-1379
Phone: (800)822-8859
Fax: (336)299-7845
Click here for driving directions.

LODGING DETAIL
Here are two nearby options for lodging. For special rates, mention the North Carolina Credit Union League or CUNA.

Ashford Suites
3901 Sedgebrook Street
High Point, NC 27265
Phone: 877-502-9522
Room rate: $99

Residence Inn by Marriott Greensboro Airport
7616 Thorndike Rd.
Greensboro, NC 27409
Phone: 336-632-4666
Room rate: $104

INSTRUCTORS
Todd Sherpy is a founding partner in Sherpy & Jones, P.A, of Lexington, South Carolina. Todd and his team are dedicated to serving the legal needs of credit unions and have attained a national reputation for their work in legal auditing, compliance, and bankruptcy/collections. Todd has also authored CUNA’s RegTraC and VAP training modules and serves as editor of Credit Union Legal News©.

FREE PUBLICATIONS
Try one of these publications free when you register for this program!

• Credit Union Magazine (6 months free!)
• Directors Newsletter (6 months free!)

Find out more about these publications

CANCELLATIONS
The last day for cancellations was September 10, 2008. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.