Who We Are: We are a multi-faceted Credit Union firm serving and consulting with Credit Unions across the US for the last 30-years. Our success comes in part from knowing Credit Unions better than other providers. Through our programs we share the risk; and do not sit on the sidelines and merely cheer you on.


Compliance Counsel: We developed an outsourced compliance adviser/counsel option to provide counsel to Credit Unions on a day-to-day basis where the services are not based on an hourly fee; and access is unlimited. Since we work on a community concept of participating Credit Unions the risk is spread; and there is never the disincentive of hourly fees for calling/posing/submitting any covered matter. In most cases we are simply the alternative to in-house counsel.

CUPP: We developed “Credit Union Policies and Procedures” (the “CUPP system” Email us for the 26-page table of Contents to Assess the scope of these resources) to provide a pooled system for compliance resources where Credit Unions share the costs of participation. Through these resources we keep Credit Unions up to date on all federal laws, Regs and other government requirements.

Bankruptcy; Collections and Foreclosure: Bankruptcy, Collections and Foreclosure.  The litigation practice group of the firm is experienced in handling all aspects of the bankruptcy, collections and foreclosure processes.  In bankruptcy cases, we are available to object to plans, file proofs of claims, obtain reaffirmation agreements, dispute lien avoidance motions, attend meeting of creditors, and handle adversary proceedings.  Collections representation primarily involves claim and delivery (or replevin) matters, judgments on deficiency balances, overdrawn accounts and unpaid notes, and includes repayment settlements and Confessions of Judgments.  The foreclosure practice includes deeds in lieu, short sale negotiations, and Writs of Ejectment post-sale. 

Our staff has been on the staff of CMG, CUNA, ACUIA and other trade groups (including over 40 Leagues) over these 28-years; and have evolved a web-based series of training that covers Credit Unions’ required legal/compliance training as well as many hands-on practical areas based on our day-to-day interactions. See other content on this site for details.

Audit: We provide a range of compliance / legal audit options to help Credit Unions assess where they have weakness; and then direct the Credit Union on corrective action to put our Credit Unions into the best defensive position. Unlike competitors, our assessments are conducted by and under the direct supervision of lawyers; meet and exceed regulatory guidelines; and do so at a cost that is far less than what others charge.



WebEx Sessions - Sunday, November 01, 2015

 November Webinars

Register at: 


November 10 -- Chapter 7 Bankruptcy – Working the Timeline & Flowchart: In this session Christy Jones will work you through the Chapter 7 timeline to address actions to take and other considerations to preserve rights and avoid waiving rights; mistakes creditors commonly make; and hints to ensure the highest rate of success in preservation of your position in these time sensitive proceedings. This is similar to the Session on Chapter 13’s on October 27 but addresses the very different issues and timing in Chapter 7 cases. Presenter: Christy Jones Password: bait


November 12 -- BSA Certification Session: This is a Certification Session for BSA Specialists / BSA Officers. Completion of the Course will achieve Sherpy & Jones Certification of meeting legal / compliance requirements.. Presenter: Todd Sherpy // Registration Password: skate

November 13 -- Dram Shop Laws and Liability Issues to Consider in Nexus with Holiday and Other Events: This session will address the concerns and liability as well as mitigating factors to help you assess whether yes or no when it comes to serving alcohol at functions / events; and what steps you can take to mitigate exposure.  Presenter: Suzanne Vesper // Password - late

November 18 -- Rights of Offset and Pledges of Funds: In light of the confusion arising out of the recent court case involving American Airlines Credit Union, documentation issues (often poor documentation) and other factors we will address the overall topic of Right of Offset and Pledges of Deposits. We will address the full legal and compliance scheme from the common law, Reg Z and certain limitations such as Social Security and VA. We will also address what you can and cannot do; and how you generally CAN if you do all things right.
. Presenter: Todd Sherpy // Password -- late

November 19-- US Supreme Court Decision in Bank of America, N.A. v. Caulkett: In a 9-0 decision released on June 1, 2015, the US Supreme Court ruled, in Bank of America, N.A. v. Caulkett, that a debtor in a Chapter 7 bankruptcy proceeding may not void a junior mortgage lien under § 506(d) of the Bankruptcy Code when the debt owed on a senior mortgage lien exceeds the current value of the collateral if the “underwater” creditor’s claim is both (1) secured by a lien and (2) allowed under § 502 of the Code. Understand how this case may impact your Credit Union’s bankruptcy cases.. Presenter: Christy Jones // Password -- fate