5 common credit CARD act violations   It has been almost five years since the Credit CARD Act was passed by Congress and more than four years since the compliance dates set by the … [Read more...]

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Financial Institution Not Required to Examine Checks for Forged Endorsements As a matter of law, a drawee financial institution does not have a duty to conduct any review of payee endorsements on … [Read more...]

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Scam Alerts

Counterfeit check scams are on the rise. Multiple credit unions in the state of CT have reported recent experiences with attempts to cash counterfeit checks.  The Federal Trade Commission, the … [Read more...]

QuickBite

QuickBite … [Read more...]

NCUA’s new CUSO Rule

Monday, June 30, was the deadline for NCUA's new CUSO rule The new rule requires any federally-insured credit union with an outstanding loan to, or an investment in, a CUSO to enter into a written … [Read more...]

An Act Concerning Direct Deposit and Wage Garnishment 2014

EFFECTIVE DATE: October 1, 2014 An Act Concerning Direct Deposit of Wages CT Garnishment 2014 This bill expands the types of deposits that automatically exempt up to $1,000 from bank executions … [Read more...]

Expulsion or Withdrawal of Member

NCUA RULES AND REGULATIONS APPENDIX A TO PART 701—FEDERAL CREDIT UNION BYLAWS  ARTICLE II. QUALIFICATIONS FOR MEMBERSHIP Section 3. Maintenance of membership share required. A member who … [Read more...]

SAFE ACT Education Resources

Q. Who are the NMLS approved education providers? A. A list of NMLS approved course providers is posted on the Education Page. Q.  When do I need to complete my 20 hours of pre-licensure … [Read more...]

UCC Section 4-208 Altered Check Regulation

Scenario) A check was issued by a CU member for $130.00 for services rendered.  When presented for payment at the payee’s financial institution it was written for a different amount ($650).  … [Read more...]

SUMMER WORK SOUGHT

Highly motivated and mature Resource Economics major seeking part-time opportunities during summer break that will further develop business skills. A proven track record, including two years of … [Read more...]