Bank Secrecy Act (BSA) Reviews Now Available

     The Delaware League is offering Bank Secrecy Act reviews to its member credit unions through an arrangement with the Pennsylvania Credit Union Association. 
     The BSA review will assess the credit union’s system of internal controls and procedures that are used to maintain compliance with financial record-keeping and other requirements of the Bank Secrecy Act. The Bank Secrecy Act is a combination of various statutes that require credit unions to retain certain records, as well as report certain financial transactions to the Federal government. NCUA examiners may be checking to see that your credit union has done this annual review.
     For more information on the scope of the review and pricing, contact Jane Bailey at the League office or email jane@dcul.org.