The Minnesota Credit Union Network’s legal department is the primary source for information on compliance-related issues that affect the credit union movement. Staff works with and receives information from the Minnesota Department of Commerce, the National Credit Union Administration (NCUA) and the Credit Union National Association (CUNA) to provide the most current information on federal and state laws and regulations that affect credit unions.
This department fields thousands of questions per year, assisting with general compliance information on topics including lending regulations, anti-money laundering guidelines, bankruptcy, collections, employment issues and more.
MnCUN offers compliance consulting services
To assist credit unions in complying with the myriad of state and federal regulations, MnCUN offers a Compliance & Audit Services Program. Through two unique programs, credit unions can contract for a compliance professional to help them in managing their compliance program or to help them in completing specific compliance tasks. ► More