Looking Back-Illinois Credit Union Chapter History
By: Pat Voss, AVP Member Outreach
This blog post has nothing to do with compliance headaches, regulatory or legislative matters or important operational updates. Instead, this blog post is a change of pace and a nostalgic look back on some of our Illinois League Chapters’ historical background and the dedicated men and women that laid ...
By: Kari Osier, Compliance Specialist
The attached 2019 Overview is provided to our credit unions as a benefit of membership in the Illinois Credit Union League. A brief summary is given for each rule that potentially affects your operations. To view the Overview, click here.
For more detailed information, contact the ICUL Compliance team at 1-800-942-7124.
Why Cybersecurity Testing Matters
By: TechGuard
Trust me, we get it…
Being in your position isn’t easy – you have a lot of daily responsibilities, constantly juggling different projects while trying to maintain focus on the ultimate goal – RUNNING YOUR BUSINESS. It’s exhausting, and the last thing you want to deal with is one more task getting thrown your way. ...
By: Shannon Basile, Compliance Analyst
The beginning of a new year is often a great time to get a jump start on goals by cleaning up and organizing documents and old files. Taking on this task often leads to many questions about how long certain documents should be retained by the credit union. The credit ...
NCUA’s Top Supervisory Priorities for 2020
By: Patrick Smith, SVP Regulatory Affairs
I hope everyone enjoyed another wonderful holiday season! As we start the new year, I wanted to make sure all our credit unions get off to a great start by reviewing NCUA’s top Supervisory Priorities for 2020. As in the past, many of these priorities are continued from ...
By: Kari Osier, Compliance Specialist
The Compliance Calendar provides compliance deadlines for the calendar year 2020. Please click here to view.
The Calendar is also posted on the League website in the Compliance section under Tools & Resources.
Are Your Collateral Descriptions Correct?
By: Kari Osier, Compliance Specialist
Collateral description errors in security agreements can defeat a credit union’s security interest. To avoid this problem, credit unions need to precisely describe the identity of the collateral. Since many of our credit unions deal with motor vehicle repossessions, this blog post will focus on collateral description errors relating to motor ...
By: Kevin Shaw, Senior Regional Director
Compliance is a year-round focus for credit unions. While we stress over compliance, it is easy to lose sight of what our members have on their minds and the way we carry out our mission to ease their burdens. The holidays pose a particularly difficult time for our members ...
By: Shannon Basile, Compliance Analyst
On October 28, 2019 United States District Court for the Eastern District of Texas found that Wells Fargo infringed on two USAA patents for its use of remote deposit capture (RDC) technology. USAA was awarded $200 million in damages and has a pending lawsuit against Wells Fargo for additional patents ...
By Pat Voss, AVP Member Outreach
This week I would like to share a white paper by Experian discussing synthetic identities and how to detect and prevent this growing type of fraud.