Credit unions should maintain good communication with their corporates in complying with the Bank Secrecy Act and anti-money laundering regulations, but when that dialogue is missing, it can be unsettling indeed, according to a corporate credit union executive.

NCUA's new rule on notifying credit union boards of suspicious activity reports can be handled without compromising confidentiality, according to a Washington attorney specializing in SAR regulations.

When it comes to shared branches and compliance, credit unions should be getting an assist this year in identifying cash and check transactions from Credit Union Service Corp. under new rules put in place last September by the Duluth, Ga. service provider.

Art Dinger, corporate compliance officer at Pennsylvania State Employees Credit Union in Harrisburg, says he knows something about how to "put a smile on the faces of examiners" looking at BSA documents.

In the war on terror financing and anti-money laundering, just how big a "cop" role should credit unions be playing? If you hear it from NCUA Board Member Gigi Hyland, "playing cop" is simply not in the job description and never intended, but the industry does have a patriotic and...

Marking one of the largest year-end payouts to members, $10 million, Arizona Federal Credit Union promoted the event with Dec. 15 visits by NCUA Vice Chairman Rodney Hood and U.S. Sen. Jon Kyl (R-Ariz.). The state's second largest CU said the $10 million capital distribution underscored a good year for...

There may be no records kept, but Regional Federal Credit Union of Hammond believes it holds the national title of having the most in-school branches--five of them.

The Centrix Financial Chapter 11 bankruptcy prompted a new reminder from NCUA last week about CUs having "effective controls" in place to handle third-party risk.