Menu Toggle Search

Compliance

Master Compliance Demands
stock_L2compliance_calloutimage

Gear Up with Our Unbeatable Compliance Resources

Compliance is one of the most in-demand League services. Our experts can help reduce credit unions' exposure to regulatory penalties, prepare credit unions for visits by regulators, and protect your credit union and its members from liabilities that have the potential to affect income, member service, reputation, and more.

Have a compliance question? Contact The League's Compliance Hotline at (608) 640-4050 or email [email protected]

Topics A to Z
Recent Compliance Updates
Credit Union Forms
PolicyAid
commUNITY

Regulatory Calendar

Regulatory Calendar

Be prepared. State and federal regulatory deadlines of note available for reference, including a printable PDF version.

Compliance Specialists Program

Compliance Specialists Program

Our staff-sharing program allows credit unions of any size or budget to access expert, League-trained, state-specific compliance help.

ii Releases

ii Releases

Complete collection of all of The League's ii (important information) Releases, including general and lending releases.

Compliance Couriers

News Compliance Courier

IRS introduces 1099-NEC for nonemployee compensation; Dept. of Revenue to host withholding tax webinars

Dec 3, 2020

NEWS:   The IRS has introduced a new information return for 2020, Form 1099-NEC Nonemployee Compensation, for use in reporting nonemployee compensation. The IRS due date is January 31, the same day the recipient’s statement is due.

ii Release No. 0130 - Annual Reporting Deadlines is extensively revised to describe the new 1099-NEC and other 2020 information returns to be filed in early 2021. Recurring compliance deadlines are also included in the ii Release. Further revisions will be made to the release in the coming month when the IRS updates its Circular E (Pub. 15) with 2021 employer due dates and deadlines.

Tip Compliance Courier

Don't tow self-help repos from garages or similar structures

Dec 1, 2020
TIP:  The League’s ii Release No. B066 explains that Wisconsin law lets credit unions repossess motor vehicles from consumers who are in default, without necessarily having to get a judgment first. This is often called “self-help” repossession, and it’s available only if certain conditions are met.
News Compliance Courier

CFPB leaves three regulatory exemption amounts unchanged for 2021

Nov 18, 2020
NEWS:  Every year, the CFPB adjusts the exemption thresholds for three of its lending rules, but for 2021, it has determined to leave those amounts unchanged:
News Compliance Courier

Court: CU should not have asked corporate guardian’s authorized signer for personal SSN

Nov 16, 2020
NEWS:  When someone needs help with their finances and certain other matters, a court may appoint a “guardian of the estate” to help. The guardian may be an individual (perhaps a relative), but it can also be a company. When that happens, the company typically authorizes one of its staff members to act on its behalf and to make transactions for the “ward” – the person who needs the help.

Compliance Events

Sep
01

YP Be U Virtual App Conference

Webinar
A little bit conference, a little bit boot camp, a little bit meetup and a lot of fun - all rolled together on a social learning app.
Dec
07

Top 10 Year-End Lending Issues & FAQs

Webinar
This jam-packed webinar will provide expert insight into solutions, best practices, and preventing costly mistakes. Tips and strategies to effectively manage regulatory reform will be included.
Dec
08

Top IRA SECURE Act & COVID Rule Changes for 2020 Tax Year

Webinar
This critically important session will provide a detailed analysis of the many rule changes affecting IRA owners, trustees, custodians, and advisors. Act now to learn the many implications of what is new and important in 2020 and beyond.
Dec
08

CUNA/League System Small CU Webinar Series: TBD

Webinar
This series demonstrates the difference we can make when CUNA and your Leagues collaborate to support the credit union movement. Starting on Aug. 4, tune in every week on Tuesdays at 2 p.m. (CT) for a new 60- to 90-minute webinar on the most important issues facing small CUs today.
Dec
08

Chippewa Valley Chapter Meeting - December 2020

Webinar
WCULAF Fundraiser – Trivia Night
Dec
09

Recent Reg CC Changes: Lessons Learned & Future Outlook

Webinar
This jam-packed session will cover important issues you must know to ensure you’re prepared for the next audit or exam.