BETHALTO, Ill.-CUNA, in conjunction with the Illinois and Wisconsin Credit Union Leagues, filed a joint amicus brief a little over a year ago arguing a lesser liability for Olin Employees Credit Union (now Olin Community Credit Union) for accepting fraudulent checks. A member of the credit union had stolen checks from her employer and forged the checks before depositing them into her account at the credit union. The employer subsequently sued the Olin Employees CU for wrongful conversion of negotiable instruments, according to CUNA Assistant General Counsel and Senior Compliance Counsel Mike McLain. A lower court ignored the Uniform Commercial Code three-year statute of limitations, saying that the 269 checks-deposited over a seven-year period-constituted one transaction totaling $335,000. Following CUNA and the leagues' March 5, 2004 amicus, the U.S. 7th Circuit Court of Appeals vacated the lower court decision, agreeing that the checks negotiated more than three years prior to the suit being filed were beyond the statute of limitations, bringing Olin Employees CU's liability down to around $100,000.