Credit Union News Blog by Oak Tree Business Systems, Inc. - Your fun and informative source for updates, regulations and more.
Oak Tree Business Systems, Inc.
Telephone Consumer Phone Act
The Telephone Consumer Protection Act (TCPA) was passed in 1991 in the United States in order to protect consumers from solicitations. This act limits “automatic dialing systems, artificial or prerecorded voice messages, SMS text messages, and fax machines.” Although this is not a new act, new guidelines have been provided and it is important for your credit union to know these to avoid legal litigation.
The California Nevada Credit Union Leagues held their annual REACH conference in Palm Desert, CA on November 4 through 6. Oak Tree, theleading provider of credit union forms, recaps the main topics and keynote speakers from this event.
Change may be ahead for credit union commercial lending as the NCUA has proposed a rule in an effort to allow for more business loan approvals. Business Lending is a growing interest to many credit unions, but it is currently limited by statute and regulation. One type of commercial loan, member business loans, in particular has strict regulations that may soon change.
Credit union leagues across the United States are holding a webinar covering “Top 10 Mistakes in Deposit Compliance Exams”. If you cannot attend this event, or attended and still have questions regarding compliance chat with an Oak Tree Business Systems, Inc. forms expert to learn about our compliant forms for your credit union.
Choose the Insurance Carrier you want with Oak Tree Business Systems, Inc.
Transamerica announced this year that they will be leaving the credit union market. So what does this mean for your credit union and your credit union forms? If you are using Oak Tree forms, you can rest at ease knowing they will still be compliant when you switch insurance carriers.
Seamless Data Processing and Forms Integration
Choosing the right data processor to integrate your forms is a vital choice at your credit union. By choosing your data processing system integrated with forms from Oak Tree Business Systems, Inc., you have the best support, compatibility, and compliance. Your members will value the time you save them along with increasing your loan volume with a faster turnaround. Oak Tree continues to be proud of its products and services that have continued to service the credit union industry for 30+ years.