Compliance News

While the ultimate goal is to prevent or mitigate burdensome regulations, the reality is that regulation never stops, and therefore the need for credit unions to comply won’t either. The League remains a constant source for your credit union to understand rules and regulations that impact you.

Throughout the year, League staff research regulatory compliance questions posed by member credit unions and disseminate the answers. Educational sessions are held periodically to reinforce information distributed through InfoSight and Compblog Updates, as well as other written information.

In the News

ICYMI: MBL Rule Change

Credit unions can now make member business loans without requiring a personal guarantee in certain circumstances. The change is the first part of the NCUA’s recently finalized member business lending (MBL) rule, the rest of the rule will be effective Jan. 1, 2017.

The NCUA still considers a personal guarantee from those with a controlling interest in the borrower an appropriate risk-management practice. Under the final rule, a credit union that elects not to require a personal guarantee for a member business loan still must include documentation of mitigating factors that sufficiently offset the relevant risk in the loan file.

Overall, the rule creates a category of “commercial” loans for safety and soundness purposes and utilizes the category of MBLs for compliance with the Federal Credit Union Act. It also removes all requirements that require waivers. (

IRA Certification eSchool Available

CUNA is partnering with Ascensus to present three sessions of the Ascensus IRA University, an online blended learning program. CUNA/Ascensus IRA Certification eSchool will teach the basic concepts and procedures that are a part of individual retirement account transactions.

Each of the three eSchools is comprised of six live weekly webinars. The first eSchool will be held until June 1. The following two sessions will be held from June 22 to July 27 and from Oct. 5 to Nov. 9.

CUNA/Ascensus IRA Certification eSchool combines interactive webinars with online modules and pre-work in between sessions. The program uses Ascensus’ IRA training content, covering benefits, contributions, distributions and portability. At the end of the program, participants are able to test for the Certified IRA Specialist I (CIS I) designation.

Scam Alerts

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Comment Calls

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Compliance Effective Date Charts

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Compliance Training Available

  • DCUL Quickbites and Webinars

Stay up to date and in compliance with laws and regulations. Learn more about Quickbites and Webinars sponsored by the Delaware Credit Union League.