“We’re one of the few firms in the country with a multi-lawyer team that works on credit union matters daily. This insight gives us a real-time understanding of how the industry is always evolving – with new laws, regulations, standards, and practices – which we pass on directly to our clients.”
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Who We Are
The attorneys in Kaufman & Canoles’ Credit Union practice guide clients in a broad range of consumer compliance issues, National Credit Union Administration (NCUA) requirements, and federal and state rules that govern credit union service organizations. We regularly serve as outside general counsel for credit unions of all sizes – from small credit unions with less than $25 million in assets to large institutions whose assets can reach $1 billion.
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How We Help
Our team understands how credit unions differ from other financial institutions, have specific legal needs, and face unique challenges. We’re dedicated to helping member-owned, not-for-profit credit unions succeed.
We guide volunteer boards and credit union executives through complex federal and state compliance, including with the Fair Credit Reporting Act and the Uniform Commercial Code. We help to navigate the full spectrum of operating issues – from labor and employment to loan participation sales and services to corporate governance, real estate, and more. In addition, our litigators defend the rights of credit unions in their commercial disputes and class action lawsuits.
Clients count on us to ensure compliance with ever-aggressive regulators like the Consumer Financial Protection Bureau (CFPB). They appreciate our comprehensive coverage, practical solutions, and cost-effective guidance. And they look to us to help them run smooth and successful operations.
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Who We Represent
We work closely with executives and volunteer boards of directors by anticipating operating and commercial obstacles and responding to the challenges not-for-profit credit unions may face.
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Press And Publication
- Credit Union Client Alert – Be Warned: Defendant’s Motion to Dismiss Overdraft Fee Claims Denied
- Credit Union Client Alert – NC Process for Settlement of a Putative Class Action Dispute
- Best Practices For Addressing And Resolving Member Complaints
- Credit Union Client Alert – September 2023
- NAFCU Credit Union Policy Podcast Episode 15: Compliance Risk Areas – Fraud in Focus
- NAFCU Webinar – Confidentiality, Collegiality and Collaborative Decision-Making: An Effective Board of Directors
- Will You Be Ready When NCUA’s Cyber Reporting Rule Takes Effect Sept. 1?
- Credit Union Client Alert – The New Abusiveness Framework
- Credit Union Marketing And Advertising: An All-New Challenge In Today’s World
- Credit Union Client Alert – Year-End Housekeeping for Credit Unions – Is Your “House” in Order?
- Credit Union Client Alert – Compliance Considerations When Making Loan Decisions Using Artificial Intelligence (AI) and Machine Learning (ML)
- Credit Union Alert – October 2022
- Credit Union Alert – FCUs Will Soon be Able to More Easily Expel Problematic Credit Union Members
- The Three E’s For Being A Great Board Member
- Time For Your Credit Union’s Legal Spring Cleaning
- Credit Union Alert – NCUA Extends Flexibility for Federal Credit Unions
- Credit Union Client Alert – Wells Fargo Must Pay $250 Million Fine
- Credit Union/Consumer Finance Client Alert
- CFPB Technical Specifications for Credit Card Issuers
- Consumer Finance Client Alert – June 2021
- Credit Union Client Alert – May 7, 2021
- Bankruptcy & Creditors’ Rights Alert – February 2021
- Litigation Landscape
- Credit Union Alert – CARES Act Bankruptcy Law Changes Affecting Credit Unions
- Overdrafts & Error Resolution Procedures Under Reg. E
- Credit Union Alert – Credit Union Victory in Federal Court of Appeals in Web-site Access Case – First Appellate Decision in the Nation
- The Amazing Compliance Race
- Adverse Action Notices: ECOA and FCRA
- Executive Employment Agreements
- S.A.F.E. Act: The Secure and Fair Enforcement for Mortgage Licensing Act of 2008
- ADA Litigation and Violations of SCRA
- Credit Unions’ Latest ADA Litigation Issues
- The ABCs of ADA Website Compliance for Credit Unions
- Credit Union Legal Update – Legal Hurdles for 2018
- ADA Lawsuits Against CUs Spike in December
- CEO, Director and Officer Liabilities and the Risks of Being Sued
- How the Latest Legal Trends Will Affect Credit Unions in 2018…
- ADA: What You Must Know to Protect Your Credit Union
- Credit Union Website Comprehensive Tools on ADA
- Move Fast on Reg Overhaul, Trades, Attorneys Tell NCUA
- Debt Collectors Under The Fair Debt Collection Practices Act
- NCUA Share Insurance Advertising Requirements
- NCUA Advertising Regulations Presentation
- Share Insurance for Credit Unions
- Credit Union Legal Update – Credit Union Board Compensation & In-Kind Gifts
- The Importance Of FCRA Compliance
- A Loan Participation Checklist: The Devil is in the Details
- BYOD Creates Credit Union Legal Risks
- Credit Union Legal Update – Summer 2014 – 2nd Edition
- Kaufman & Canoles Selected as Strategic Legal Partner by Maryland DC Credit Union Association
- Credit Union Legal Update – Winter 2014
- Credit Union Legal Update – November 2013
- Credit Union Legal Update – Summer 2013
- Credit Union Legal Update – Winter 2013
- Credit Union Legal Update – Spring 2012
- Credit Union Legal Update – Summer 2011
- Credit Union Legal Update – Spring 2011
- Credit Union Legal Update – Fall 2010
- Credit Union Legal Update – Spring 2010
- CEO, Director and Officer Liabilities
- Credit Unions Starting 501c3 Organizations
- Credit Union Legal Update – Recent Lawsuits: What Credit Unions Need to Know
- Third Party Vendor Issues and Checklist
Credit Union Attorneys
Areas of Concentration
- Corporate Governance
- Credit Union Mergers & Acquisitions
- Credit Union Service Organizations
- Labor & Employment
- Litigation
- Real Estate
- Regulatory Compliance
Credit Union Chair
Dustin H. DeVore