2.61 CU*BASE and Key Regulations (Reg. D, Dormancy and Reg. E)

Supervisory / Management

Summary

This class will discuss some key CU*BASE tools that are designed to deal with regulation issues.  Reg. D, Reg. E and Dormancy issues will be closely reviewed, along with other related issues brought forward by class participants.

Is your credit union ready to answer the following questions:  How does your credit union enforce its Reg. D policy?  How is your credit union controlling the frequency of escheated accounts?  Is an Audio Response transaction responsible for the generation of a monthly statement? 

This class will help you answer these questions and outline a policy for these regulations and many others.

Audience

This class is designed for key credit union leaders, back office and compliance personnel.

Objectives

By the completion of this course, students will have:

‣        Reviewed key CU*BASE regulation compliance tools and their applications in different credit union policies.

‣        Explored the need for additional CU*BASE regulation compliance tools.

‣        Examined CU*BASE pricing, fees, and service charges used to reinforce compliance (e.g., Reg. D violation fees).

Topics

‣        What is a Regulation D Transaction?

‣        Configuring Reg. D Fees

‣        FR2900

‣        Understanding the Definition of a Dormant Member

‣        Configuring Dormancy Fees

‣        Dormancy vs. Escheating

‣        Understanding Regulation E Transactions and CU*BASE Statements

‣        Behavior Modification Fees

‣        CU*BASE TIS Tools

Course Schedule

Future times and dates are to be determined.