Oak Tree Business Systems, Inc. Advantage - The Credit Union Advantage
Invest Now and Keep Your Credit Union Budget on Track
Credit unions and banks offer similar services: they accept deposits into checking (Share Draft Accounts for credit unions) and savings (Share Accounts for credit unions) accounts, and make loans. However, the structure of these two financial institutions is very different. There are three main areas that banks and credit unions vary greatly: Ownership, profit, and service.
New Military Lending Act (MLA) Regulations
At Oak Tree Business Systems, Inc., we pride ourselves in maintaining forms that are up to date and compliant across all federal and state guidelines. Well, it is time for us to "up the ante" with this latest regulatory change. Protections have been expanded for active-duty service members and their families according to the revised regulations of the Military Lending Act (MLA). Now, loan products offered by credit unions and other depository institutions are covered by these regulations. The new requirements will take effect October 1 of this year. The mandatory compliance date is October 3, 2016 (and not until October 3 of the following year, and possibly later for credit card accounts).
Forms Warranty from Oak Tree
International Credit Union DayWith today's vast presence of social media, celebratory days have been created for a variety of items such as hot dogs, coffee, and siblings. It seems like a national "something" day is a regular occurrence. But there is one special day that Oak Tree Business Systems, Inc. would like to take a moment to celebrate. This day, of course, is International Credit Union Day
The Eyes Have It At Arizona Federal Credit Union