Who We Are: We are a multi-faceted Credit Union firm serving and consulting with Credit Unions across the US for the last 30-years. Our success comes in part from knowing Credit Unions better than other providers. Through our programs we share the risk; and do not sit on the sidelines and merely cheer you on.


Compliance Counsel: We developed an outsourced compliance adviser/counsel option to provide counsel to Credit Unions on a day-to-day basis where the services are not based on an hourly fee; and access is unlimited. Since we work on a community concept of participating Credit Unions the risk is spread; and there is never the disincentive of hourly fees for calling/posing/submitting any covered matter. In most cases we are simply the alternative to in-house counsel.

CUPP: We developed “Credit Union Policies and Procedures” (the “CUPP system” Email us for the 26-page table of Contents to Assess the scope of these resources) to provide a pooled system for compliance resources where Credit Unions share the costs of participation. Through these resources we keep Credit Unions up to date on all federal laws, Regs and other government requirements.

Bankruptcy; Collections and Foreclosure: Bankruptcy, Collections and Foreclosure.  The litigation practice group of the firm is experienced in handling all aspects of the bankruptcy, collections and foreclosure processes.  In bankruptcy cases, we are available to object to plans, file proofs of claims, obtain reaffirmation agreements, dispute lien avoidance motions, attend meeting of creditors, and handle adversary proceedings.  Collections representation primarily involves claim and delivery (or replevin) matters, judgments on deficiency balances, overdrawn accounts and unpaid notes, and includes repayment settlements and Confessions of Judgments.  The foreclosure practice includes deeds in lieu, short sale negotiations, and Writs of Ejectment post-sale. 

Our staff has been on the staff of CMG, CUNA, ACUIA and other trade groups (including over 40 Leagues) over these 28-years; and have evolved a web-based series of training that covers Credit Unions’ required legal/compliance training as well as many hands-on practical areas based on our day-to-day interactions. See other content on this site for details.

Audit: We provide a range of compliance / legal audit options to help Credit Unions assess where they have weakness; and then direct the Credit Union on corrective action to put our Credit Unions into the best defensive position. Unlike competitors, our assessments are conducted by and under the direct supervision of lawyers; meet and exceed regulatory guidelines; and do so at a cost that is far less than what others charge.



February WebEx Programs - Wednesday, February 1, 2017

February WebEx Programs

Register @ https://sherpyjones.webex.com

Costs Per Session: (1)Retainer and CUPP Plus WebEx Clients: Free; (2) CUPP Only: $75-125 per session – unlimited number of viewers; (3) Not a Client: $95-165 -- unlimited number of viewers

February 2Assessing the Changes to NCUA’s FOM & Chartering Manual. We will assess the late 2016 changes to the FOM Manual; address FAQs; and discuss the status of the Community Bankers legal challenge and how this may affect your assessment of the changes. 45-Minutes // Password = change. Presenter: Todd Sherpy

February 8BSA Potholes 2017 – being prepared for your 2017 BSA Assessment. We will assess common omissions noted via regulatory examinations covering documentation, procedures, reporting and proper use of automated systems. 45-Minutes // Password = icantellu. Presenter: Todd Sherpy

February 14Regulation D – Do You Know the Rule? We will review Reg D and Credit Union obligations / options for compliance; documentation / disclosure issues; common misunderstandings and issues for the commercial accounts offered by the Credit Union. 45-Minutes // Password = ifuknew. Presenter: Todd Sherpy

February 23Adverse Action Notices.  Both ECOA and FCRA contain requirements for providing notice of action taken; and examiners are beginning to scrutinize AANs for compliance. Let’s be sure you are: (1) completing the forms as required; (2) have current and proper forms; and (3) avoid pitfalls that can cause problems. 45-Minutes // Password = isawu. Presenter:  Todd Sherpy

February 28A Compliant MBL Program vis-à-vis the New NCUA MBL Rule. We will review the new Rule and: (1) discuss policy / procedure requirements; (2) Board Requirements and documenting key reports and roles; and (3) Other changes to consider – how to’s and CUPP resources / changes. 1-Hour. Password = hedid2. Presenter: Todd Sherpy