The Servicemembers Civil Relief Act affects ALL credit unions that have even 1 service member in their field of membership. One of the major protections offered under this Act is an interest rate limitation for loans covered. There are specific notices that need to be sent to service members and specific timelines for when notices must be sent. Do you know when and how the interest rate can revert back to the original rate?

Join your credit union peers and learn the answers to these questions and much more. You’ll also hear about pending changes to this Act that could affect your credit union operations.

Topics & Objectives:

Join us as we discuss:

• When the interest rate limitation kicks in
• What notices are required when a credit union lowers the interest rate for a covered servicemember
• What does the credit union need to do when it's time for the interest rate to revert to the contract rate
• Proposed amendments to the SCRA

Just like in face-to-face classes, CUNA Webinars allow you to see and hear a presentation, ask questions of the instructor, and refer to handouts. You need only a speakerphone and computer with Internet connection. With a computer projection screen, it's easy to provide this training to a whole roomful of staff! When you register for an event, the connection information will be e-mailed to you 24-48 hours before the event. If you are registering for an event the day it is being held, please call 800-356-9655, ext. 4249 or e-mail training@cuna.coop for assistance.

Did you know...in addition to attending this event live, your tuition includes six months of unlimited access to the archived (recorded) event within 48 hours of the live event for your entire credit union. See the archived events available to you and your credit union.

CUNA Webinars use Adobe Connect to provide an interactive and convenient online learning environment. Whether you are a first time Adobe Connect user, or simply need a refresher, take a short tour. You'll learn how to effectively interact with the presenter and your peers during live webinars.

Can't attend at this time? Click here for the archived version.

This webinar is beneficial for compliance staff, management and anyone at the credit union involved with lending and how it applies to their active military members.

Affiliation with CUNA/League is required for attendance.

Kristen Tatlock, CUCE
Kristen is Vice President of COMPASS 4 CUs, LLC, a credit union service organization owned by Belvoir FCU, where Kristen serves as senior compliance officer. COMPASS specializes in providing compliance and regulatory assistance to credit unions of all sizes. Kristen began her career with COMPASS in February 2011. Prior to joining the COMPASS team, she was the compliance and regulatory affairs director for the Virginia Credit Union League for more than 20 years. Kristen was responsible for providing compliance assistance to credit unions through publications, training and direct contacts. She developed all of the compliance training programs used by league staff and served as the liaison to the league’s Regulatory Response Committee and Resolutions Committee.

Kristen is a CUNA certified Credit Union Compliance Expert (CUCE) and a certified Bank Secrecy Act Compliance Specialist (BSACS). She has presented programs for CUNA’s national Regulatory Compliance Schools, as well as the Delaware, Georgia, Kentucky, Montana, North Carolina, Ohio, South Carolina and Virginia Leagues.

Cancellations received in writing (via fax 608-231-4327) before the end of business on September 26, 2012 are eligible for a refund of the amount paid minus a $50 administrative fee. No refunds will be granted for cancellation requests received after September 26, 2012. Substitutions are accepted anytime prior to the start of the program at no additional cost. Simply fax event and contact information, listing the new participant and who they will be replacing. Cancellation fees do not apply for free or complimentary programs.