There are several policies that are specifically mentioned or required by regulation or regulator guidance (if your credit union provides the service, program or product) and include:

• Ability to Repay – Mortgage Lending
• ACH Policy
• Allowance for Loan and Lease Loss Policy
• Appraisal Policy
• Asset Liability Management
• Bank Secrecy Act / OFAC
• Board Travel Reimbursement
• Capital Management
• Charge Off Policy
• Collections, Bankruptcy and Foreclosure Policy
• Concentration Risk
• Conflict of Interest/Code of Ethics
• Contingency Funding
• Derivative Investments
• Disaster Recovery
• Electronic Banking Policy
• Fair Credit Reporting Act
• Fraud / Internal Controls
• Funds Availability
• Incentive or Bonus Pay to Employees
• Incident Response Policy
• Indirect Lending Policy
• Information Security and IT Policy
• Interest Rate Risk Policy Investment Policy
• Liquidity Risk Management
• Loan Originator Compensation
• Loan Participation Policy
• Loan Policy
• Member Business Loan Policy
• Mortgage Servicing
• Non-Deposit Investment Products (Third Party Brokerage)
• NSF/Overdraft Privilege Policy
• Privacy Policy
• Record Retention Policy
• Red Flag Policy
• Remote Deposit Capture
• Risk Based Lending Policy
• S.A.F.E. Act Policy
• Social Media Policy
• Student Lending
• Training Policy
• Trouble Debt Restructuring and Non-Accrual Policy
• Truth in Savings Policy
• Unlawful Internet Gambling Policy
• Vendor Management Policy
• Wire Transfer – Error Resolution

It is important to understand that some of these policies may be combined if that is how your credit union currently addresses all of the requirements. Please note that not all of these policies are found in CU PolicyPro.

The Content Guidelines document will give you policy by policy guidance on whether the model policy is mandatory, mandatory if offered, optional or recommended. This document can also be found in the LIBRARY under the TOOLS folder.

If you have any additional questions or need further assistance, you can contact us at policysupport@cusolutionsgroup.com