Credit Union

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 $5 billion.

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.

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.

• Credit Union Client Alert – Tips to Improve Your Credit Union
• 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
• Executive Employment Agreements
• Credit Unions’ Latest ADA Litigation Issues
• Credit Union Legal Update – Legal Hurdles for 2018
• ADA Lawsuits Against CUs Spike in December
• ADA: What You Must Know to Protect Your Credit Union
• Credit Union Website Comprehensive Tools on ADA
• 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
• Kaufman & Canoles Selected as Strategic Legal Partner by Maryland DC Credit Union Association