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NCUA Releases Diversity & Inclusion Checklist

FFIEC has also released a revised information security booklet. Plus, the latest Legal Briefs and your compliance question of the week.

Credit Unions May be Ready for End of XP Support, But Are Their Members?

Most financial institutions have plans in place to deal with the end of Microsoft’s support for Windows XP on April 9. But thousands of members will still be accessing online banking and other services with suddenly vulnerable machines, and that could have serious consequences. Also in today’s Anthem: Legal Briefs, and the Question of the Week: “In a Uniform Transfer to Minor Account (UTMA), when can the minor have access to the funds? At age 18, 21 or 25?”

Compliance Question of the Week

In a Uniform Transfers to Minors Account (UTMA), when does the minor get access to the funds? At 18? 21? 25?

Compliance Question of the Week

Can a credit union allow a mother acting as representative payee for her son’s SSI checks to deposit them into a UTMA account, if she is not the custodian on the account?