COMPATIBILITY

All of our documents are compatible with the nation’s leading data processors, loan operating systems or third-party processors. Our forms will follow your credit union wherever you go allowing a seamless transition to a new data processor or LOS system. Your forms are only one piece of the puzzle, so have peace of mind about switching systems should the need arise.

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REGULATION CC – FUNDS AVAILABILITY

Regulation CC went into effect July 1, 2020.

Required Changes?

Specifically, the current $200 that must be made available when placing a case-by-case delay will increase to $225; the “large deposit” exception reason will increase from $5,000 to $5,525, among others.

What Do You Need to Do?

A change in terms notice to holders of consumer accounts no later than 30 days after the effective date.

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REGULATION D – TRANSFER LIMITATIONS

On April 24, 2020, the Federal Reserve Board announced an interim final rule to amend Regulation D (Reserve Requirements of Depository Institutions) to delete the six-per-month limit on convenient transfers from the “savings deposit” definition.

Do we have to eliminate the six-per-month limit?

No. It states financial institutions may suspend enforcement of the six-per-month transfer limit, but the The Fed does not require financial institutions to do so.

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We Are Different

Credit Unions come in different sizes and fill different needs according to their members. We bridge the gap of what works for one may not be the best fit for another and can customize your lending packages to suit your needs.

Compatibility

Customization

Compliance

Maintenance

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About Us

Conmarsystems has been servicing the Credit Union industry since 1978.