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. 


Education:
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.

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WebEx Sessions for May 2018 - Thursday, May 3, 2018

Register At:

https://sherpyjones.webex.com

May 8, 2018 @ 2:00 PM EST: BSA In-Depth: Money Services Businesses A to Z . In the current environment, Financial Institutions of all size are de-risking by declining to bank Money Service Businesses (MSBs). This webinar will provide an overview of the current regulations for MSBs and assist FIs in understanding how to profitably bank these companies. This webinar is aimed at addressing the perceptions versus the realities of banking MSB’s and assisting you in understanding opportunities for your Credit Union. An understanding of the requirements, the operations and the audits that MSB’s operate under will be provided. By understanding the current regulatory regime applied to MSBs, FIs may begin to mitigate perceived residual risks for banking these entities and open their offices to profitable lines of business. We will address: (1) What are Money Service Businesses – MSB’s? (2) Overview of the various federal MSB regulatory requirements; (3) Keys to documenting MSB compliance at the Credit Union; and (4) MSB banking program best practices. Time: .75 Hours. Presenter: Todd Sherpy // Session ID: rtsbirthday // Session Number: 668 706 357.

                                                                                                                    

May 11, 2018 @ 2:00 PM EST: Understanding ERM as it applies to Compliance & Legal Assessments and How this Benefits Day to Day Credit Union Operations:  It is time to cast off the old-fashioned thinking which may be stagnating your operational flexibility. In this session we will address ERM generally as it applies to Compliance/Legal and discuss the application of ERM Theory to a number of areas – documentation, advertising, policy-procedure and everyday situations that arise in Credit Union. Time: 1.00 Hours. Presenter: Todd Sherpy // Session ID: ermwillsaveyou // Session Number: 667 572 124.  

May 24, 2018 @ 2:00 PM EST: Handling Credit Disputes:  Learn what FCRA requires you to do each time you get a credit dispute.  In this session, we will address the steps you must take, scrutiny regarding full and proper investigations, and meeting your deadlines.  We will cover examples of responses and address the need to heavily tailor these sample responses, and tackle requirements when faced with repetitive or vague direct disputes.    Time: 1.00 Hours. Presenter: Christy Jones // Session ID: tiredoffcra // Session Number: 664 679 201.  

 May 31, 2018 @ 2:00 PM EST: BSA Certification for BSA Officers and Other BSA Pros: This is an updated BSA Certification Session for BSA Officer Annual Training requirements. This is an updated program that addresses all new and current issues in the realm of BSA/OFAC Compliance including the new CDD Beneficial Ownership Rules. We will also go into much more detail on CDD/EDD and risk assessment in this year’s installment.  Time: 1.50 + Hours (and Self-Study of between 8-12 hours depending on pace). Presenter: Todd Sherpy // Session ID: ofacitsbsaagain // Session Number: 662 396 790