Anthem
David Curtis
Director, Compliance Services
Phone: 206.340.4785
Toll-free: 800.995.9064 x151
David Curtis is the director of compliance services at the Northwest Credit Union Association. In this role he is responsible for responding to credit union compliance inquiries, informing and instructing credit unions on new compliance responsibilities through updates and council meetings. He is a liaison, facilitator, and presenter at both the compliance and collectors’ networking […]
Will Hall
Director, Legal Advocacy
Phone: 208.297.5877
Toll-free: 800.995.9064 x302
Will Hall serves as the Director of Legal Advocacy for the Northwest Credit Union Association, providing compliance expertise to the Association’s member credit unions, helping them navigate the many compliance challenges they face. After graduating from Davidson College in North Carolina, Hall moved to the nation’s capital, where he worked for several years before attending […]
Compliance Question of the Week
February 27, 2012
February 28, 2012
If a member wants to purchase a cashier’s check for $9,975 with a service fee of $50 and pay in cash, is the credit union required to file a currency transaction report (CTR)?
Yes. The credit union must look at the amount of the physical deposit, withdrawal, exchange or transfer of currency. Here, the member is paying more than $10,000 in cash, even though the cashier’s check itself is for less than $10,000.
Related Links
31 CFR 1010.311
Questions? Contact the Compliance Hotline: 1.800.546.4465, compliance@nwcua.org.
Posted in Compliance, Events.