Compliance
Understanding & Adhering to Regulatory Demands is Essential
MDDCCUA provides expertise to all its member credit unions in dealing with compliance issues facing them. They work through the rules and provide extensive training to credit union personnel in handling the day-to-day requirements as well as documentation and reporting.
Compliance Hotline - 443-325-0777 or .(JavaScript must be enabled to view this email address)
The MDDCCUA Compliance Hotline provides credit unions with speedy responses to questions. We are prepared to conduct research and provide compliance assistance in many areas to include but is not limited to:
- ACH Transactions
- Bankruptcy
- Expedited Funds Availability
- Fair Credit Reporting
- Fair Debt Collection
- Identity Theft
- IRS Reporting – 1099-C
- Truth in Savings
- Record Retention
- Servicemembers Civil Relief Act
- Truth in Lending
- Uniform Commercial Code
Collections
MDDCCUA staff members are available to:
- Review Collection policies and procedures
- Provide an on-site review of the credit union’s current collection process and work flow
- Conduct collection training for new and current staff
- Review current telephone techniques
- Review current collection letters
- Provide repossession guidance
- Provide collateral disposition guidance
- Answer questions concerning accounts involved in Bankruptcy