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 - Tuesday, September 27, 2016

October WebEx Training Sessions 

Register at:  https://sherpyjones.webex.com

All Sessions are Recorded for On-Demand Viewing if the Scheduled Times do not Work for Live Attendance.

BSA Certification Program: This program will be a live session and recorded additional sessions together with “homework” to certify / re-certify that your BSA Officer or other persons have received annual training commensurate with FFIEC BSA/AML Standards; and will be supported by a certification letter as to these standards issued by Sherpy & Jones.  By: Todd Sherpy Password to Register = gaius

Servicemembers Civil Relief Act: We will discuss the 6% interest rate cap and how SCRA affects foreclosures, judgments and repossessions. We will focus on real-world examples to emphasize the learning objectives. By: Christy Jones Password to Register = salute

MLO Certification Session: This is a Certification Session for MLOs under 12 CFR 1036. Completion of the Course will achieve Sherpy & Jones Certification of meeting legal / compliance requirements. By: Todd Sherpy Password to Register = julius

Staff Acting as Witnesses and Notaries: When your staff acts as a witness or a notary public for Powers of Attorneys, wills, affidavits, and Trust Certificates, staff needs to understand the importance of identifying the person signing and the consequences of serving as a witness and notary. We will cover how to train staff to properly serve in this capacity and offer a checklist for staff to use in this scenario. By: Christy Jones Password to Register = swear

Home Mortgage Disclosure Act Changes -- Part I: In 2010, Dodd-Frank gave HMDA (Reg. C) rulemaking authority to CFPB, and in October, 2015, CFPB issued a new final rule requiring institutions to report additional information under HMDA. These new rules for HMDA reporting will be effective January 1, 2018. In the first session, the class will review whether the CU meets the definition of an “institution” that must comply with HMDA. In this session, we will also define a “covered loan” for HMDA reporting purposes and discuss reporting requirements. The second and third sessions will cover new disclosure requirements and the added data points that will be required to be reported. By: Christy Jones Password to Register = coverage

The Safe Deposit Box Owner Died? Now What? We will address typical scenarios, options and issues that arise in these situations including risk assessing how to resolve conflicts to keep your Credit Union safe. By: Todd Sherpy Password to Register = caesar