Directors Handbook for Credit Union Regulations, 2nd Edition

The more directors know about the laws and regulations that govern credit unions, the better they can perform their jobs. This handbook gives directors the regulatory information they need in a style that is easy to read. The Director’s Handbook for Credit Union Regulations includes a handy overview of the many laws and regulations with which credit unions must comply, both as financial institutions and as employers.

It covers:

• Laws and regulations affecting credit unions
• Rules for the organizational structure of federal credit unions
• Regulatory requirements associated with maintaining federal share insurance
• Consumer protection regulations and laws governing credit union operations
• General lending regulations, including NCUA and Federal Reserve Board regulations

The second edition features updated sections on laws, regulations, publications, and resources credit union directors need to know about including:

• Fair Credit Reporting Act (FCRA)
• FACT
• The Servicemembers’ Civil Relief Act
• Private Mortgage Insurance
• Privacy of Consumer Financial Information
• The Bank Secrecy Act
• Office of Foreign Assets Control (OFAC) Compliance
• Federal Electronic Signatures in Global and National Commerce Act (ESIGN)
• Check 21
• Prompt Corrective Action Allowance for loan and lease losses (ALLL)
• Employment Issues