Submit Compliance Question

​The Minnesota Credit Union Network’s compliance efforts provides assistance to reduce credit unions’ exposure to regulatory penalties, prepare credit unions for visits by regulators and protect the credit union and its members from liabilities that have the potential to affect income, member service, reputation.

​Compliance and Audit Services

The Minnesota Credit Union Network's Compliance & Audit Consultant assists credit unions in meeting ongoing regulatory needs and provides compliance and auditing services on a project-by-project basis.
​
The following list of services is a general outline of functions performed through the MnCUN Compliance & Audit Consultant Program. Additional services may be available upon request.

PolicyAid

​Regulations are updated with increasing frequency, making it hard for credit unions to quickly adjust their policies to stay in compliance or write a new policy as required by rule. The Minnesota Credit Union Network partners with ViClarity (formerly PolicyWorks) to provide credit unions with access to PolicyAid - a comprehensive online policy library that provides credit unions easy access to nearly 100 policies.

MnCUN member credit unions receive a secure log in to ViClarity's members only website. 

To access this service, credit unions must designate the appropriate users. 
MnCUN is pleased to offer this service to assist the ongoing compliance needs of Minnesota’s credit unions, and provide additional value for your dues dollars.

With questions, please contact MnCUN Director of Facilities and Technology Scott Shoberg. 

Credit Union Compliance Management  System

Credit Union Compliance Management System™ (CU CMS). CU CMS provides a single solution for handling federal and state credit union compliance requirements and is available as a member benefit.

Credit Union Compliance Management System™ and Credit Union Compliance Management System PLUS™, an enhanced, for-fee level of the platform, provide tools to create efficiency, lower risk and reduce the stress associated with compliance and regulatory issues. The web-based system was developed with extensive input by and exclusively for credit unions using a best-in-class technology provider, Quantivate. 

Compliance Resources

MnCUN staff works with 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.

CUNA Compliance Community

 The state specific compliance community is an extension of CUNA’s Compliance Community, designed to provide a hub for compliance professionals to connect, work together, share information and become better informed about state-level credit union regulations.

Webinars & Resources

ADA Website Accessibility

Credit unions across the country have been served with demand letters from law firms representing private litigants alleging that their websites are not compliant with Americans With Disabilities Act (ADA) requirements. 

Financial Inclusion Essentials

Marijuana-related Businesses

Resources and webinar.

Unclaimed Property

Compliance Guides

  • Business Accounts
  • Checks & Endorsements
  • Deceased Members
  • Conservatorships, Guardianships and Powers of Attorney
  • Responding to Garnishments & Levies
  • Power of Attorney
  • Records Retention 
  • Requests for Member Information 
  • Trusted Contact Policy Sample
  • Credit Union Charter: State Vs. Federal

Complimentary Compliance Training

Automation Trends: This 20 minute webinar provides an overview on the benefits and reasons for automation in credit unions.  

Reg. E: Error Resolutions Training: 2020 Compliance Training for Frontline Staff

PolicyWorks Reg E Overdraft Refresher: A review of Regulation E Overdraft requirements.

PolicyWorks Guidelines for Safeguarding Member Information and Unauthorized Access Response Programs: Guidelines for safeguarding member information & guidance on response programs for unauthorized access to member information and member notice.

Policy Works Account Consideration for Foreign Nationals Webinar: This 25 minute webinar is designed to clear up any confusion on how to better help non US person membership at your credit union.  

ViClarity 2022 BSA/AML & OFAC Annual Staff Training​: This webinar provides training to your staff regarding BSA/AML & OFAC requirements and processes.

Policy Works Expedited Funds Availability – Reg. CC Training: This 32 minute webinar provides training on Regulation CC including training on the recent changes, different hold policies and how to properly complete a notice of hold. 

CECL Training

The Minnesota Credit Union Network is partnering with CliftonLarsonAllen LLP to provide member credit unions with CECL (Current Expected Credit Loss) training. 

Elder Fraud Financial Abuse & Exploitation Resources

Minnesota Adult Abuse Reporting Center 
​
Report suspected maltreatment of a vulnerable adult to the Minnesota Adult Abuse Reporting Center at 1-844-880-1574 which is open 24 hours a day, seven days a week.
Disclaimer: The above links are intended to be beneficial for both state and federally-chartered credit unions located in the state of Minnesota. Be aware that this is not a complete list of all laws, regulations or rules that govern credit unions' activities. Providing these links is not intended as legal advice and does not create an attorney client relationship. Seek your own legal counsel or tax advisor if you require a legal opinion.