BSA Requirements for CU Staff Broached in Upcoming Webinar

July 2, 2008

FOR IMMEDIATE RELEASE
Contact: Katye Long
CUNA Communications; (608) 231-4038
klong@cuna.coop

FOR IMMEDIATE RELEASE

MADISON, Wis. – Get credit union staff up-to-speed on Bank Secrecy Act (BSA) requirements during a CUNA webinar scheduled during the third quarter of 2008.

The July 10 “Bank Secrecy Act Requirements for Staff” closely examines BSA, the Customer Identification Program, and possible penalties for non-compliance. Attendees will also walk through the information required to accurately complete the Currency Transaction Report, Suspicious Activity Report, and Exempt Person Form.

Additionally, internal auditors and compliance staff can ensure the thoroughness and accuracy of BSA audits with “Preparing and Conducting a Bank Secrecy Act Audit.” This Aug. 14 webinar will provide tools and information needed to prepare and conduct an accurate and thorough BSA audit. They will also hear from an industry expert on what the regulation requires and what examiners are looking for.

Other webinars highlighted during the third quarter include:

Gain a better understanding of social media and how to incorporate these tools into conventional marketing plans during “The Rise of Social Media – Connecting With Online Communities.” This July 22 webinar will help participants to better understand the mindset and culture driving the adoption of social media among Generations X and Y, as well as the myths associated with the social media usage of older generations. This offering is held in cooperation with the CUNA Marketing and Business Development Council.

A comprehensive overview of the major operations laws affecting credit unions will take place during “General Operations Regulations,” July 9 and 16. This two-part webinar will cover: the Bank Bribery Act, the Right to Financial Privacy Act, BSA, IRS information reporting and withholding requirements, NCUA privacy regulations, the Office of Foreign Assets Control, and the Electronic Signatures in Global and National Commerce Act.

Finally, “Tips and Tools for Managing Your IT Vendors” is designed to help anyone involved in the process of choosing and managing the credit union’s information technology vendors. The Sept. 18 offering will discuss various considerations and software for contract management, negotiation techniques, regulatory issues, and more.

More than 35 webinars will take place during the third quarter of 2008 to educate busy credit union personnel about: finance and economics; human resources and training; security; lending; management and leadership; board and volunteer; marketing and business development; operations, sales, and service; and regulatory compliance. Archived versions of many recently-held webinars are also available.

During a webinar, students hear and see a presentation, ask questions of the instructor and refer to handouts. With a phone and a computer with an Internet connection, students have all the benefits of a face-to-face class without leaving the walls of their credit unions.

For a complete list of classes, additional information and registration materials, visit training.cuna.org and select the “Webinars & eSchools” link, or call (800) 356-9655, ext. 4249.

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About CUNA

With its network of affiliated state credit union leagues, Credit Union National Association (CUNA) serves 90 percent of America's 8,500 credit unions, which are owned by more than 90 million consumer members. Credit unions are not-for-profit cooperatives providing affordable financial services to people from all walks of life. For more information, visit www.cuna.org.

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