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.



WebEx Sessions for February 2018 - Friday, January 19, 2018

Register At:


February 1, 2018 @ 2:00 PM EST: Important Compliance/Legal Rules Every Credit Union Person Needs to Know: Every transaction, service and interaction with any person is governed by multiple laws, rules and regulations. Just one momentary lapse at any time can expose the Credit Union to liability. In this session we will cover a broad range of such matters including: Privacy/Red Flags, Identity Security, Bribery, Ethics, Internal Controls, Whistleblower issues, general liability protection considerations, etc. Recommended for ALL employees and Volunteers. Time: 1.00 + Hours. Presenter: Todd Sherpy // Session ID: StaySafe // Session Number: 662 981 657


February 6, 2018 @ 2:00 PM EST: BSA – Are You Prepared for this Year’s Audit?: In this session we will cover the musts and also recommendations to ensure you have a safe 2018 audit. We cannot prevent crazy findings, but we can put you in a position to better defend and prevail in cases of nutty examiner matters. In addition we will review all mandatory/key matters for such an examination per OCC standards (I know – not NCUA, but as I have noted these last 30-years, we try to do better than thatJ). Time: 1.00 + Hours. Presenter: Todd Sherpy // Session ID: StayAway // Session Number: 665 410 480


February 15, 2018 @ 2:00 PM EST: Overdraft Protection A to Z: In this session we will cover the entire gamut of ODP Issues – from the basic rules/regs; to the disclosures; to best practices; to the history of litigation; and recommendations to be compliant and safe. Time: 1.00 + Hours. Presenter: Todd Sherpy // Session ID: StayAwake // Session Number: 663 473 024


February 28, 2018 @ 2:00 PM EST: A Step-by-Step Guide to Mortgage Loans in Chapter 13 Bankruptcies: In this webinar we will move through the steps which you will need to complete after a member, with whom the credit union has a mortgage secured loan, files bankruptcy.  We will go over reading the plan, conduit bankruptcies, how to file a POC, and how to fill out the mortgage POC attachment all the way through to the end of the bankruptcy and discharge stopping to focus on filling out and knowing the rules for all the required documents in between.  Time: 1.00 Hours. Presenter: Sable Burgess // Session ID: StayHome // Session Number: 665 829 939

Sherpy & Jones WebEx Programs for December 2017: - Tuesday, December 5, 2017

Sherpy & Jones WebEx Programs for December 2017:



December 12 // Tis the Season to Incur Fraud Claims – Fa-la-la-la-la: We will review the procedures for handling fraud claims; and ensure you understand the rules and regulations governing them. We will also share / discuss Credit Union defenses to claims; documentation standards and will cover other helpful hints / reminders. Presenter: Todd Sherpy // Estimated Time: 1.00 hours.


December 19 // Lessons Learned 2017: What did we learn from the events of 2017? What should we have done to risk mitigate based on those lessons. We will review the significant legal, regulatory and compliance issues from the past year to ensure nothing substantive has been omitted from your 2017 body of work (or to allow you to quickly address matter before we start learning the lessons of 2018). Presenter: Todd Sherpy // Estimated Time: 1.00 hours.