Sign up to see a live demo!Request a Demo »

US Credit Union Compliance Training

We are committed to providing you with timely, credible US compliance courses that address critical risk management and compliance training issues. Our compliance training is developed and maintained by experienced financial industry and risk management specialists, ensuring that all courses are current with federal regulatory requirements and the most recent legislative changes.


US Compliance Courses

Course Name Description
COM01 Compliance: General Operations - FRB Regulations Through the Bank Secrecy Act and related acts, the government requires credit unions to be vigilant about the people served and the nature of the transactions processed. This course discusses regulations affecting member privacy and programs for ensuring both physical security and security of financial information.

Topics: FRB regulations, BSA, CTR, Suspicious Activity Report, OFAC, Patriot Act, RFPA, Regs S, L and A, Privacy.
COM02 Compliance: Deposit Regulations - TIS/NCUA part 707 Several acts and regulations affect the way credit unions deal with deposit transactions. This course explains the written disclosures regarding account rates, and fees and conditions that credit unions are required to provide to members. Also discusses electronic funds transfer regulations, conditions for making deposited funds available, procedures for handling checks, and credit union share insurance.

Topics: TIS/NCUA part 707, Truth in Savings, reserve requirements, EFT availability of funds, UCC, collection of checks, escheat.
COM03 Compliance: Lending Operations - FRB Regulations, NCUA 701.21 Several acts affect the lender’s role in a credit union. This course explores the Equal Credit Opportunity Act, the Fair Housing Act, the Home Mortgage Disclosure Act, and Truth in Lending.

Topics: FRB regulations, NCUA 701.21, Equal Credit Opportunity, Fair Housing Act, HMDA,Truth in Lending, Fair Credit Reporting Act.
COM04 Bank Bribery Act - Conflicts of Interest, NCUA IRPS 87-1 The Bank Bribery Act (BBA) prescribes the types of gifts that may and may not be accepted by officers and employees of a credit union. This course acquaints staff with the procedures dictated by the BBA.

Topics: Bank Bribery Act/Conflicts of Interest, NCUA IRPS 87-1, permissible and prohibited activities, exceptions, disclosures, conflicts of interest.
COM05 Bank Secrecy Act (BSA) - OFAC, NCUA 748 The Bank Secrecy Act (BSA) is a series of laws that require credit unions and other financial institutions to report transactions that could be linked to tax evasion, money laundering, and other illegal activities to the federal government. The BSA is an important link in national security. This course will help staff understand their responsibilities in relation to this act.

Topics: Bank Secrecy Act, OFAC, NCUA 748, member identification program, new accounts, transactions, exempt persons, suspicious activity report.
COM05a BSA for Frontline Staff By complying with the Bank Secrecy Act (BSA) and its supporting regulations, our credit union plays a vital role in deterring money laundering, terrorist financing, and other illegal activities, and in maintaining our nation’s economy and security. This course discusses how the BSA affects frontline staff.

Topics: customer identification program, the role of OFAC, a SAR narrative, plus additional emphasis on monetary instruments, funds transfers, currency transaction reports, recognizing red flags.
COM05b BSA for New Accounts By complying with the Bank Secrecy Act (BSA) and its supporting regulations, our credit union plays a vital role in deterring money laundering, terrorist financing, and other illegal activities, and in maintaining our nation’s economy and security. This course discusses the BSA in relation to new accounts.

Topics: many of the areas discussed in BSA – Frontline Staff with a stronger emphasis on identifying red flags related to new accounts.
COM05c BSA for Electronic Transactions By complying with the Bank Secrecy Act (BSA) and its supporting regulations, our credit union plays a vital role in deterring money laundering, terrorist financing, and other illegal activities, and in maintaining our nation’s economy and security. This course discusses the BSA in relation to electronic transactions.

Topics: money laundering, terrorist financing, suspicious activity reports, OFAC, electronic services, funds transfers, red flags for electronic services.
COM05d BSA for Lending Operations By complying with the Bank Secrecy Act (BSA) and its supporting regulations, our credit union plays a vital role in deterring money laundering, terrorist financing, and other illegal activities, and in maintaining our nation’s economy and security. This course discusses the BSA in relation to lending operations.

Topics: identifying money laundering red flags in lending, money laundering scenarios in lending, key BSA elements regarding customer ID in both new and existing relationships, suspicious activity reports, OFAC, alerting the BSA Officer.
COM05e BSA for Volunteers & Senior Management The Bank Secrecy Act (BSA) is a series of laws that require credit unions and other financial institutions to report transactions that could be linked to tax evasion, money laundering, and other illegal activities to the federal government. The BSA is an important link in national security. This course assists volunteers and senior management to understand the BSA.

Topics: key BSA elements, relevant risk factors for the Board to consider, reporting and recording requirements to maintain compliancy with BSA regulations.
COM06 The USA Patriot Act - Patriot Act (CIP) NCUA 748 The purpose of the Patriot Act is to facilitate the prevention, detection and prosecution of international money laundering and the financing of terrorism. To achieve the goals of the Patriot Act, staff must be familiar with members and must take great care to verify identification for any person opening an account. This course discusses the Act and associated procedures.

Topics: collection calls, collection letters, plastic card termination, right of set-off, initiating repossession, post-repossession actions, legal action, third party collection agencies, write-offs.
COM09 Defining Sexual Harassment - Management Sexual harassment is viewed as a major problem by lawmakers, and can result in costly and embarrassing lawsuits for organizations and employees. This course is designed to help supervisors learn how to identify and report sexual harassment.

Topics: sex for business reward, hostile environment, investigation, duty to report.
COM09a Defining Sexual Harassment - Staff Sexual harassment is viewed as a major problem by lawmakers, and can result in costly and embarrassing lawsuits for organizations and employees. This course is intended to teach staff how to identify and report sexual harassment.

Topics: sex for business reward, hostile environment, investigation, duty to report.
COM10 Recognizing Sexual Harassment Through the use of scenarios and situations, supervisors can further their knowledge and understanding of sexual harassment, and identify harassment if it occurs in the workplace.

Topics: quid pro quo, abusing power, hostile environment, email trail, harassment by customer, duty to report.
COM011 Money Laundering & Due Diligence Discusses the credit union’s anti-money laundering program, and procedures used to identify accountholders and monitor activity that may indicate an account is being used for money laundering or terrorist financing.

Topics: What money laundering is, customer due diligence, unusual activities, red flags, BSA Officer investigations.
COM12 Elder Financial Abuse Prevention Discusses issues associated with the potential financial abuse of older and dependent adults. Explains how to recognize potential abuse, what to do when abuse is suspected, and what actions to take, including when and how to involve the authorities.

Topics: recognizing potential abuse, appropriate action when abuse is suspected, reporting to authorities.
COM13 Office of Foreign Assets Control Discusses the role of the Office of Foreign Assets Control, procedures for complying with OFAC requirements, how to examine new accounts and transactions, and how to deal with individuals or organizations that are a true match with an OFAC list.

Topics: definition of OFAC, OFAC procedures, verifying true matches, acting on a true match, other OFAC information.
COM14 Money Services Businesses Introduces Money Services Businesses, including how to identify this type of business, the due diligence required to open and operate this type of account, and how to identify possible illegal activities. Also explains how to complete CTRs and SARs for Money Services Businesses.

Topics: definition of a Money Services Business, extra due diligence, MSB requirements, basic customer due diligence, red flags.
COM15 Introduction to Identity Theft Examines all aspects of identity theft, including the types of information that criminals deal in, the methods by which identity information is collected, and the ways it is used by criminals.

Topics: definition of identity theft, identity data, property theft and pretexting, mail theft and dumpster diving, credit/debit card skimming, internet and electronic theft, protecting against identity theft, the identity theft affidavit.
COM16 Identity Theft & the FACT Act Examines the legislative background, including the Red Flag Rules and Notice of Address Discrepancy Rules in the FACT Act of 2003, and how the associated guidelines affect existing and new accounts. Discusses how the onus is on the employee to verify identity and address changes correctly, respond appropriately to alerts and notices of potential identity theft, recognize forgery and alteration of documents, verify personal identifying information, recognize suspicious activities related to new and existing accounts, and ultimately detect and prevent fraudulent activities from targeting members and the credit union.

Topics: identity theft and legislative background, red flags and the FACT act, responsibilities of the credit union, alerts, notifications/warnings, suspicious documents, suspicious personal identifying information, suspicious activity, address changes and discrepancies, response to red flag detection.
COM17 The Credit Card Act The Credit Card Accountability, Responsibility and Disclosure Act of 2009 (Credit CARD Act or CARD Act) was passed by Congress in an attempt to correct credit card practices that were deemed unfair or deceptive. This course discusses the Federal Reserve Board’s rules amending Regulation Z (Truth in Lending) to implement the Credit CARD Act, and other changes affecting credit cards and open-ended loan products.

Topics: understanding the CARD act, rate increases, fees and charges, overlimit fees, periodic statements, changes in terms, receiving payments, allocation of payments, ability to repay, young consumers, credit card agreements.